Pfi In Housing
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PFI in housing
Author | : Great Britain: National Audit Office |
Publsiher | : The Stationery Office |
Total Pages | : 44 |
Release | : 2010-06-25 |
Genre | : Architecture |
ISBN | : 0102965285 |
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This report, from the National Audit Office (HCP 71, session 2010-11, ISBN 9780102965285), looks at PFI in Housing. The use of PFI by local authorities to improve housing, usually in areas with a high need for housing and where the stock condition is particularly poor, has had a measure of success, but risks to value for money of the programme have not been managed. In the context of this programme, PFI has been a flexible and useful funding route for local authorities to improve existing housing and build new stock. However, the majority of projects required significant increases in central funding prior to contract signature and all have suffered delays. Twenty one of the 25 projects which have been signed to date have experienced cost increases, with 12 of these over 100 per cent. All signed projects, for which the NAO was able to obtain data, were delayed, on average by 2 years and 6 months. For early projects this was partly because PFI was new to the housing sector and the Department for Communities and Local Government had to develop its understanding of stock condition issues. Also, the Department's management for early projects was also weak and under-resourced. While the capital cost of PFI housing projects is similar to other developments, the Department's evaluation to date has not taken account of the full costs. Procurement also tends to take more time, which can increase procurement and tender costs for local authorities and bidders.
PFI in housing and hospitals
Author | : Great Britain: Parliament: House of Commons: Committee of Public Accounts |
Publsiher | : The Stationery Office |
Total Pages | : 40 |
Release | : 2011-01-18 |
Genre | : Business & Economics |
ISBN | : 0215555929 |
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The Department of Health and the Department for Communities and Local Government (the Departments) are responsible for sizeable portfolios of PFI projects covering hospitals and social housing. By April 2009 there were 76 operational PFI hospitals in England and over 13,000 homes had been built or refurbished through PFI. The letting of contracts and the responsibility for managing them is devolved to NHS Trusts and local authorities. The Departments are responsible for overseeing their PFI programmes and reporting to the public and Parliament on value for money. The Committee can find no clear and explicit justification and evaluation for the use of PFI in terms of its value for money. In many cases local authorities and Trusts chose the PFI route because the Departments offered no realistic funding alternative. Other concerns are central government's failure to use the market leverage that comes from overseeing multiple contracts, and the lack of robust central data to support effective programme management. It is clear that the implementation of PFI projects could be improved. Many PFI housing procurements have taken very much longer, and cost a great deal more, than originally planned. On hospitals, most are receiving the services expected at the point contracts were signed and are generally being well managed. There are, however, wide and unexplained variations in the cost of hospital support services, such as cleaning, catering and portering. Departments are not using their own buying power to leverage gains for the taxpayer.
PFI and Social Housing
![PFI and Social Housing](https://youbookinc.com/wp-content/uploads/2024/06/cover.jpg)
Author | : Anonim |
Publsiher | : Unknown |
Total Pages | : 24 |
Release | : 1998 |
Genre | : Finance, Public |
ISBN | : 1840490667 |
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Treasury minutes on the fourteenth to eighteenth reports from the Committee of Public Accounts session 2010 11
Author | : Great Britain. Treasury |
Publsiher | : The Stationery Office |
Total Pages | : 108 |
Release | : 2011-03-24 |
Genre | : Political Science |
ISBN | : 0102971293 |
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The reports published as HC 631 (ISBN 9780215555922); HC 632 (9780215555939); HC 574 (9780215556042); HC 552 (9780215556066); HC 502 (9780215556165)
Lessons from PFI and other projects
Author | : Great Britain: National Audit Office |
Publsiher | : The Stationery Office |
Total Pages | : 36 |
Release | : 2011-04-28 |
Genre | : Business & Economics |
ISBN | : 0102969671 |
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Lessons from the experience of using PFI can be applied to improve other forms of procurement and help Government achieve its aim of securing annual infrastructure delivery cost savings of £2 billion to £3 billion. To secure the best value for money from all types of procurement, the public sector needs to develop skills the NAO has identified. These are collecting better data to inform decision-making; ensuring projects have the right skills; establishing effective arrangements to test, challenge and, if necessary, stop projects; and using commercial awareness to obtain better deals. The case for using private finance in public procurement needs to be challenged more. Also, privately financed projects will often still be off balance-sheet which may continue to act as an incentive to use PFI. There has not been a systematic value for money evaluation of operational PFI projects by departments. So there is insufficient data to demonstrate whether the use of private finance has led to better or worse value for money than other forms of procurement. The Treasury and departments should identify alternative methods for delivering infrastructure and related facilities services to maximise value for money for government. The NAO welcomes the current plans of the Treasury and Cabinet Office to strengthen project assurance. The report highlights the need for independent challenge capable of stopping projects which do not give the prospect of value for money. This is particularly important as there is still a shortage of the skills needed to manage and oversee complex major projects.
Aspects of Housing Law
Author | : Jill Morgan |
Publsiher | : Taylor & Francis |
Total Pages | : 538 |
Release | : 2020-10-07 |
Genre | : History |
ISBN | : 9781000159363 |
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Aspects of Housing Law provides a comprehensive, up-to-date and readable account of what is often regarded as a complex and technical area of the law. It is essential reading for students of housing law and those taking courses in housing studies. With comprehensive coverage of all areas covered in an undergraduate course on housing, this concise and clear text covers: homelessness owner-occupation regulation of rents repairs and disrepair succession to tenancies private rented sector social housing anti-social behaviour.
Finance for Housing
Author | : Davis, Cathy |
Publsiher | : Policy Press |
Total Pages | : 200 |
Release | : 2013-07-17 |
Genre | : Political Science |
ISBN | : 9781447306504 |
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The global financial crisis of 2007-08 was triggered by sub-prime mortgage mis-selling in the US and the global sale of these debts as new bonds. Austerity programmes are designed to reduce the borrowing that governments undertook to stabilise failing banking systems but the UK's Coalition government is using 'austerity' as a cover to dismantle the welfare state. Housing is at the forefront of these changes. Mortgages and rental costs are rising as 'the market' dictates them, while people with low incomes now receive substantially less financial help from the welfare state. In this much-needed text by an experienced author with a policy background, current housing finance issues (and their history) are linked with broader social policy and political themes. It covers the finance of building and refurbishment, managing and maintaining property for all the different tenures (owner occupation, council housing, housing association and private renting), and discusses whether current arrangements are sustainable. Written for housing, social policy and politics students and staff, it is also accessible to anyone concerned about housing in Britain today.
After Council Housing
Author | : Hal Pawson,David Mullins,Tony Gilmour |
Publsiher | : Bloomsbury Publishing |
Total Pages | : 256 |
Release | : 2010-06-03 |
Genre | : Political Science |
ISBN | : 9781137050410 |
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Few single policies have had a more profound impact on the modern British housing system than the wholesale transfer of public housing to 'new social landlords' - primarily Housing Associations. This important new text provides a comprehensive account of the causes, processes and consequences of stock transfer.