Search results for 'Commercial and financial management'

Showing 561 - 580 of 653 results

  1. Network Rail’s sale of railway arches

    Press release

    Published on:

    This report examines the value for money of Network Rail’s sale of a major part of its commercial real estate portfolio.

  2. PFI: Construction Performance

    Report Value for money

    Published on:

    Most construction work under the Private Finance Initiative (PFI) is being delivered on time and at the cost expected by the public sector. Central government has generally obtained a much higher degree of price certainty and timely delivery of good quality built assets, compared to previous conventional government building projects, Sir John Bourn, Head of […]

  3. The Private Finance Initiative: The Contract for the Defence Fixed Telecommunications System

    Report Value for money

    Published on:

    The Ministry of Defence achieved a good price when they awarded the contract for a new Defence Fixed Telecommunication System to BT in 1997, Sir John Bourn, head of the National Audit Office, told Parliament today. The ten year contract let under the Private Finance Initiative (PFI) is expected to cost £612 million with a […]

  4. Financial sustainability of local authorities 2018

    Press release

    Published on:

    This report reviews developments in the sector and examines whether the Department, along with other departments with responsibility for local services, understands the impact of funding reductions on the financial and service sustainability of local authorities.

  5. Progress on the Channel Tunnel Rail Link

    Report Value for money

    Published on:

    The National Audit Office’s report finds that London & Continental Railways (LCR) successfully completed the construction of Section 1 of the Channel Tunnel Rail Link (CTRL) on time and at a cost slightly below the target set in the 1998 restructuring. Drawing on the reasons for this achievement, the NAO report highlights lessons for other […]

  6. Early Years: Progress in Developing High Quality Childcare and Early Education Accessible to All

    Report Value for money

    Published on:

    Nearly 100,000 new childcare places have been created for pre-school children since 1998 and the Government is on course to meet its targets for the provision of free part-time early education for three- and four-year-olds. But Sir John Bourn, head of the National Audit Office, reported today that more needs to be done to ensure […]

  7. PFI and PF2

    Press release

    Published on:

    A briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion.

    18 January 2018

  8. Purchasing and Managing Software Licences

    Report Value for money

    Published on:

    The Office of Government Commerce has done well to negotiate software licensing agreements with IT suppliers that has secured savings for the taxpayer, Sir John Bourn, the Head of the National Audit Office, reported today. However, it needs to publicise the benefits of the agreement more widely. Software is vital for delivering services to the […]

  9. Community Legal Service: the introduction of contracting

    Report Value for money

    Published on:

    The introduction of new arrangements in 2000 for the funding of civil legal aid has led to better scrutiny by the Legal Services Commission of the work of its suppliers and a greater degree of control over the civil legal aid budget, according to Sir John Bourn, Head of the National Audit Office. As the […]

  10. Sustainability and transformation in the NHS

    Press release

    Published on:

    Additional funding, aimed to help the NHS get on a financially sustainable footing, has instead been spent on coping with existing pressures.

  11. PPP in practice: National Savings and Investments’ deal with Siemens Business Services, four years on

    Report Value for money

    Published on:

    The PPP deal between National Savings and Investments (NS&I) and Siemens Business Services has improved customer service and has contributed to savings for the taxpayer, Sir John Bourn, head of the National Audit Office, reported today. However, Siemens Business Services and NS&I underestimated the challenge involved. Siemens Business Services has encountered a number of problems […]

  12. The New British Embassy in Berlin

    Report Value for money

    Published on:

    Sir John Bourn, head of the National Audit Office, told Parliament today that the Private Finance Initiative deal for the new British Embassy in Berlin is likely to provide a suitable building at a price slightly lower than a comparable conventional procurement. The contract provides for the construction of a new Embassy building and its […]

  13. Awarding the new licence to run the National Lottery

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that the National Lottery Commission had a sound basis for its decision to award the second licence to run the National Lottery to Camelot. However, he expressed concerns for the future about the extent of competition and the advantages held by the incumbent […]

  14. Ministry of Defence: The Construction of Nuclear Submarine Facilities at Devonport

    Report Value for money

    Published on:

    Sir John Bourn, Head of the National Audit Office, told Parliament today that the costs of this project had risen from £650 million to an estimated £933 million. Although the Ministry of Defence originally considered that it had transferred the risk of cost overruns to the private sector, in the end it funded most of […]

  15. The PFI Contract for the redevelopment of West Middlesex University Hospital

    Report Value for money

    Published on:

    The redevelopment of the West Middlesex hospital should assist the NHS in delivering modern, high quality healthcare in London, Sir John Bourn, Head of the National Audit Office reported to Parliament today. As a result of letting a 35 year PFI contract with a net present value of £125 million to the Bywest consortium, the […]

  16. E20: renewing the EastEnders set

    Press release

    Published on:

    This report examines whether the BBC has managed E20 in a way that is likely to achieve value for money.

  17. The Radiocommunications Agency’s Joint Venture With CMG

    Report Value for money

    Published on:

    Sir John Bourn, head of the National Audit Office, reported to Parliament today that the Radiocommunications Agency* has successfully entered into a partnership with CMG plc**, a global Information and Communications Technology group, which could result in significant financial savings. In June 1998 the Agency and CMG plc established a joint venture company, Radio Spectrum […]