The PFI model has become an established part of the procurement landscape. The report 'Building Better Partnerships' published by the Institiute for Public Policy Research, recommends broad modifications to the process, whilst also arguing that the continuing role of PFIs and public-private partnerships is vital to the delivery of improved public services.
The potential for PFI to contribute to the improvement of services comes through the introduction of greater diversity in service provision, private sector management skills, more efficient use of existing assets and a stronger focus on desired outcomes.
The PFI model is also beginning to be adopted by the private sector. BT's £2.3 billion property and facilities management outsourcing deal with Land Securities Trillium is expected to break the mould for corporate PFI contracts that go beyond sales and leaseback deals.