New VfM assessment guidance Scottish Government新的VFM评估指导苏格兰政府.pptVIP

Public-Private Partnerships:New VfM Guidance Peter Conlong Finance Central Services Department Analytical Services Division Outline of Presentation Need for new VfM guidance HMT guidance Scottish approach Questions? Need For New Guidance Revisions to HMT Green Book Reports by NAO Audit Scotland New Treasury VfM Assessment Guidance To be applied in Scottish context New HMT Green Book “Unbundling” of discount rate Optimism bias Tax adjustments Emphasis on valuing benefits Historical Problems With VfM Assessments Focus solely on “the numbers”? Undertaken too late in process? Public procurement option not credible? New Treasury VfM Guidance PPP only one of a number of options Only use where appropriate VfM Assess VfM early in process New Appraisal Process in Scotland Stage 1: Programme Level Assessment Stage 2: Project Level Assessment Stage 3: Procurement Level Assessment Stage 1 - Programme Level Stage 2 - Project Level Undertaken at OBC stage Test specific project Qualitative quantitative assessments Increased reliance on judgement HMT Quantitative Model Simplified approach – reflects: point at which analysis takes place desire that authorities be able to run the model themselves Use only at Stage 1 and Stage 2 Stage 3 - Procurement Level Ongoing process from OBC to close Adequate competition? Risk-sharing deliverable? Confirm affordability Plus… Final VfM Test Unlike HMT, we are retaining final test of VfM against cost of public procurement More detailed quantitative analysis Consider alongside qualitative assessment Provides clear audit trail Summary New guidance required 3-stage assessment process Quantitative and qualitative Retaining final VfM test Any Questions? The guidance is currently being finalised - we would be grateful for your views * abcdefghijkl * abcdefghijkl