The Royal Infirmary of Edinburgh: a case study on the workings of the Private Finance Initiative

Margaret Cuthbert and Jim Cuthbert

Public Money & Management, 2010, vol. 30, issue 6, 371-378

Abstract: An examination of documents released under FOI legislation relating to the contract for a UK hospital PFI project enables a large number of problems to be identified in the procedures which led to the PFI contract. These problems relate to the nature of the risk transferred and to the assumptions made in assessing value for money and affordability. The authors suggest there is a need for much better training of those involved in PFI bids, and much more effective central scrutiny of deals as they are being struck to prevent further poor value PFI contracts. The analysis should therefore be of use to public sector bodies and researchers appraising future contracts. The findings of this research have wider implications than in the field of PFI.

Date: 2010
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DOI: 10.1080/09540962.2010.525007

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