Private Finance Initiative

The point that I believe is at issue is procurement failure. To take the example of the hockey pitch, if it is built 2 feet too short, that is a procurement failure. It is not necessary a specification issue—there are such words as ““fit for purpose””. The real issue with all the stuff we are talking about is that the public sector is incapable of procuring projects of that complexity. That is what happens, and that is why so much money is made in change requests. It is not principally to do with financing.