This document provides guidance on developing the Public Sector Comparator (PSC) and undertaking quantitative value for money assessment for a PPP project.
It is structured in two parts:
Part one contains an explanation of the PSC and guidance for how to assess the value for money of delivering a project as a PPP compared with conventional public sector delivery.
Part two contains more detailed guidance for agencies and their advisors, including how to develop the PSC and Proxy Bid Model.
This guidance document is intended to provide an overview of the PSC development process. It is expected that procuring agencies will recruit specialist staff and advisors, and engage with the Treasury PPP Team, when applying the guidance.