Author : Great Britain. National Audit Office
Publisher : Stationery Office Books (TSO)
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.F/5 ( download)
Book Synopsis Darent Valley Hospital by : Great Britain. National Audit Office
Download or read book Darent Valley Hospital written by Great Britain. National Audit Office and published by Stationery Office Books (TSO). This book was released on 2005 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1997, the Dartford & Gravesham NHS Trust awarded the first NHS private finance initiative (PFI) contract for a new hospital at Darent Valley, to a company now known as The Hospital Company (Dartford) Limited. This NAO report examines the value for money the Trust is receiving now that the PFI hospital has been in operation for three years. Findings include that the new hospital has been delivered to time and cost in accordance with the PFI contract. The Trust received a reduction in the overall contract price through a refinancing deal, with THC Dartford shareholders receiving much quicker and larger profits than had been projected when the contract was awarded. However, the refinancing deal has brought the Trust new risks as well as benefits, and this highlights the need for authorities to fully assess risks involved before agreeing to a refinancing deal, including the significant senior management effort required to manage a PFI contract in the early years.