PFI PROJECTS do nothing to improve construction procurement, according to a report published this week.
A Policy Built on Sand summarises research by University College London commissioned by public sector union Unison.
It says: 'There is no evidence to support the Treasury's chief justification for the policy, namely that PFI generates value for money savings by improving the efficiency of construction procurement.' Unison general secretary Dave Prentis said: 'We have always argued that PFI is a waste of taxpayers' money.
This report knocks out another of the Government's chief arguments for its continued use, namely that it generates value for money by improving the efficiency of construction procurement.' But a Treasury spokesman said: 'Numerous reports by the National Audit Office have shown that, in the past, public procurement suffered significant cost overruns and time delays.
'Under PFI today, schools and hospitals are being built on time and on budget, providing essential public investment and value for money for the taxpayer.
'There is a wide range of evidence supporting the successful delivery of public investment through PFI. The authors of this repor t offer no evidence to show PFI is not delivering or that conventional procurement would be more effective.'