Structure of the worked example

The PSC Worked Example has been constructed as a fully documented PSC report by the project team for a hypothetical hospital project. Interspersed within the worked example, but not part of it, are further explanations and guidance in the highlighted blue boxes.

Each PSC report should have an executive summary and the worked example begins with this section and then works through the remaining sections of the report.

The intention is for departments pursuing a PPP project to use this worked example as a basis and a guide, rather than a template for the construction of PSCs. No electronic spreadsheet templates have been provided. Care should be taken in constructing a PSC for a particular project to appropriately cater for the unique features of that project.

The PSC constructed is also a live document and should therefore be referred to and amended as appropriate throughout the procurement process. In particular, it should be used to manage risk.

Financial models

The financial models in the appendices to Part Two show the outcomes of simple risk evaluation (Appendix C) and advanced risk evaluation (Appendix D) for the hypothetical hospital project.