17-01-2008
CBI comments on NAO PFI report
News by Adfero for Simply Business - independent providers of business insurance, business finance, landlord insurance, buy-to-let mortgages & commercial mortgages.
The Confederation of British Industry (CBI) has announced its thoughts on the recently published National Audit Office (NAO) report into private finance initiative (PFI) projects.
According to the CBI, the report into making changes to functioning PFI contracts highlights the levels of flexibility present in PFI arrangements.
"It will always be in the interests of contractors to help make changes as quickly and efficiently as possible," said Dr Neil Bentley, director of public services at the CBI, an organisation operating on a not-for-profit basis.
"PFI has an excellent track record of delivering projects on time and to budget when compared to public sector-managed projects."
However, the CBI believes that it is vital that partners on PFI projects work together to create an environment where everyone benefits, in addition to securing value for money.
The CBI has a membership base of around 200,000 organisations.