The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Amyas Morse, is an Officer of the House of Commons. This report draws out lessons from recent project experience that the public sector needs to address to achieve the best commercial outcomes in the current conomic environment of spending constraints.\r
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This report mainly draws on findings from our five recent PFI reports examined by the Committee of Public Accounts in 2010, which between them considered 162 projects with a capital value of £18 billion. The fi ve PFI reports (see Appendix Two) are:\r
- Procurement of the M25 private fi nance contract\r
- Financing PFI projects in the credit crisis and the Treasury's response\r
- PFI in Housing\r
- The performance and management of hospital PFI contracts5\r
- Delivering multi-role tanker aircraft capability6\r
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We also also refer to other National Audit Office reports on non-PFI projects (see Appendix One on scope and methodology) to further illustrate issues relevant to all projects.
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