Construction Management Supplement
Introduces a 3-stage assessment process for PFI procurement.
Replaces Value for money (VfM) assessment guidance (HMT, 2004), which in turn replaced Treasury Taskforce Technical Note 5 How to construct a Public Sector Comparator (HMTT, 1996).
The HM Treasury is the UK's economics and finance ministry, responsible for formulating and implementing the Government's financial and economic policy. Its aim is to raise the rate of sustainable growth, and achieve rising prosperity and a better quality of life with economic and employment opportunities for all.
NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.
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