Public sector comparator
Topic: Social
From HandWiki - Reading time: 1 min
In Public Administration, the Public Sector Comparator (PSC) is a tool used by governments in determining the proper service provider for a public sector project. It consists of an estimate of the cost that the government would pay were it to deliver a service by itself.[1] The World Bank has its own definition, wherein a PSC "is used by a government to make decisions by testing whether a private investment proposal offers value for money in comparison with the most efficient form of public procurement."[2] Generally, the PSC allows governments to figure out if a public–private partnership or other arrangement would be more cost effective.[3] The PSC is most commonly used in UK, Australia, Hong Kong and Canada.[4]
References
- ↑ Leigland, James (April 2006). "Is the Public Sector Comparator Right for Developing Countries? Appraising Public-Private Projects in Infrastructure". World Bank.
- ↑ "Public Sector Comparator for Highway PPP Projects". World Bank. http://siteresources.worldbank.org/INTTRANSPORT/Resources/336291-1122908670104/1504838-1151587673078/PSCforHighwayPPPProjects-v2.pdf. Retrieved December 10, 2012.
- ↑ Public Sector Comparator Policy. Government of Western Australia Department of Treasury. 2011. http://www.treasury.wa.gov.au/cms/uploadedFiles/_Treasury/Infrastructure_Strategy/ppps_public_sector_comparators.pdf.
- ↑ Ismail, Kharizam; Takim, Roshana; Nawawi, Abdul Hadi (June 2012). "A Public Sector Comparator (PSC) for Value for Money (VFM) Assessment Tools". Asian Social Science 8 (7): 192–201. doi:10.5539/ass.v8n7p192.
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