Half of PFI deals fail "good value" test
Half the private finance initiative contracts that have so far undergone "value testing" have failed to produce value for money, the National Audit Office said in a report today. Independent 06/06/2007 p. 46
They reckon it's that low........
From my experience in PFI I'd be suprised if better than 20-25% give 'good value'.
As ever the bean counters know the theoretical cost of everything, but the true value of nothing.