Source: Supply Management.com

A group of MPs has criticised the government for failing to shorten tendering periods for Private Finance Initiative (PFI) projects.

Edward Leigh MP, chairman of the Committee of Public Accounts (PAC), said long tenders mean many new PFI projects have only two bidders.

A survey for the National Audit Office revealed prior to 2004, 85 per cent of PFI projects attracted three or more bids. Only 67 per cent of recent projects attracted the same number. Before 2003 half of projects received four or more bids - that figure has since fallen to 20 per cent.

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Posted by pichu at July 19, 2007 12:46 PM