Public sector comparator

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. 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."[1] Generally, the PSC allows governments to figure out if a public–private partnership or other arrangement would be more cost effective.[2] The PSC is most commonly used in UK, Australia, Hong Kong and Canada.[3]

References

  1. ↑ "Public Sector Comparator for Highway PPP Projects" (PDF). World Bank. Retrieved December 10, 2012.
  2. ↑ Public Sector Comparator Policy (PDF). Government of Western Australia Department of Treasury. 2011.
  3. ↑ 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.
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