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Learning from Newham: uncovering the cracks in PFI

PFI bids, we are told a d nauseam, are judged according to 'best value' as opposed to lowest possible cost. Yet the post-project evaluation report on the Newham Centre for Mental Health says 'the view of the Trust finance director is that the contract as signed provides poor value to the Trust' but tha t 'it is generally accepted as true that the completed building represents very good value for the price paid'.

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