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The tool is intended to improve UK national infrastructure procurement and ensure that government selection of infrastructure procurement models is made with a robust consideration of broader factors beyond cost. Public bodies will be able to analyse the costs and benefits of financing and procurement models as well as project appraisal decisions, taking into account whole-life and wider social impact factors. The NIC’s updated framework is to support a cost benefit analysis of different private finance and traditional procurement models, but it does say that “… it was not yet possible to draw firm conclusions on the pros and cons of different procurement models pros as a result of the initial study as a larger sample size was needed. The research project also found that major data gaps in the public sector ‘traditional procurement’ projects also hampered the study.” Read more here.

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