Public Sector Comparator definition

Public Sector Comparator means a risk-adjusted estimate of the total cost for the lifetime of a project, including all capital, operating, financing, and ancillary costs, if a P3 project were to be financed, built, and operated through a traditional government procurement method.
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Public Sector Comparator means the risk-adjusted cost estimate of a Project assuming the most efficient form of traditional government delivery. It includes the best estimate of full lifecycle costs, benefits and risks over the contract term;
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Public Sector Comparator means the estimated hypothetical risk-adjusted life cycle cost of a project if it were to be financed, owned and implemented solely by the government or its agency;
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Examples of Public Sector Comparator in a sentence

  • Once the contract is executed the initial nominal capital budget cost is replaced by a Net Present Value cost which reflects all the costs (capital and operating) of the project contract.PSC: Public Sector Comparator is the hypothetical whole of life risk adjusted cost of government delivering the project output specifications.

  • An Economic Public Sector Comparator for Public Private Partnership and Public Real Estate Mangament.

  • An Economic Public Sector Comparator for Public Private Partnership and Public Real Estate Management.

  • The purpose of the Public Sector Comparator (PSC) is to provide a benchmark to assess the potential value for money offered by a PFI project.

  • The combination of a rigged Public Sector Comparator and a severely limited and distorted Best Value service review (in which the option appraisal has already been predetermined) are used to claim ‘value for money’.

  • The value-for-money of PPPs is normally assessed ex-ante, often using a Public Sector Comparator or another kind of assessment tool (Boardman and Hellowell, 2017; Grimsey and Lewis, 2005; Jeffares et al., 2013).

  • Since successful PPP/PFI project implies cost effectiveness [31] and the cost of PFI project for Client is anticipated in Public Sector Comparator with appliance of economical analysis in the form of Net Present Value, success criteria "Economical effectiveness (EF)" is identified.

  • This is referred to as the Public Sector Comparator (PSC) and attempts to take into account the risk accepted by the government in the direct purchase option.

  • The initial assessment includes the technical structuring of the project and calculating the Public Sector Comparator (PSC) model.

  • The DMPSC verifies that the Preferred Proponent offers value for money in accordance with the business case and approves nomination of the Preferred Proponent, provided the proposal falls within the price range determined by the Public Sector Comparator as set out in the business case.


More Definitions of Public Sector Comparator

Public Sector Comparator means an estimate of the net cost of performing an institutional function in accordance with methods employed and subject to conditions prevailing at the institution concerned.
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Public Sector Comparator means an estimate of the net cost of performing a departmental function in accordance with methods employed and subject to conditions prevailing at the department concerned.
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Public Sector Comparator means an estimate of the net cost of
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Public Sector Comparator or "PSC" means the hypothetical risk-adjusted cost if a project were to be financed, owned, and implemented by the government. The PSC provides a benchmark for estimating value for money from alternative bids.
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Public Sector Comparator means the estimated total costs,
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Related to Public Sector Comparator

  • public sector body means an entity within the ‘public sector’, the latter term as defined in Article 3 of Council Regulation (EC) No 3603/93 of 13 December 1993 specifying definitions for the application of the prohib­ itions referred to in Articles 104 and 104b(1) of the Treaty (1),

  • Public Sector means an employing authority as defined in s5 of the Public Sector Management Act 1994.

  • Public Sector Entity means a non-commercial administrative body responsible to central governments, regional governments or local authorities, or to authorities that exercise the same responsibilities as regional governments and local authorities, or a non-commercial undertaking that is owned by or set up and sponsored by central governments, regional governments or local authorities, and that has explicit guarantee arrangements, and may include self-administered bodies governed by law that are under public supervision;

  • Original Public Sector Employee means a former employee of the Crown or other public sector body who as a result of the application of the TUPE Regulations, in relation to what was done for the purposes of carrying out a contract for the provision of services which were equivalent of or similar to the Services, becomes or became an employee of someone other than the Crown or other public sector body.

  • Sector All Sectors Sub-Sector : - Industry Classification : - Level of Government : Central and Regional Type of Obligation : National Treatment Description of Measure : Malaysia reserves the right to adopt or maintain any measure relating to the issuance of licence/permit including numerical limitations and non-issuance of licences. Malaysia reserves the right to adopt or maintain any measure relating to the conditions (4) imposed in the issuance of licence/permit.

  • Sadomasochistic abuse means actual or explicitly simulated flagellation or torture by or upon a person who is nude or clad in undergarments, a mask or bizarre costume, or the condition of being fettered, bound or otherwise physically restrained on the part of one so clothed.

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • Public Sewer means a sewer in which all owners of abutting properties have equal rights, and is controlled by public authority.

  • Primary sector business means an individual, corporation, limited liability company,

  • Single tomogram system means a CT x-ray system which obtains x-ray transmission data during a scan to produce a single tomogram.

  • Sado-masochistic abuse means flagellation or torture by or upon a person or the condition of being fettered, bound, or otherwise physically restrained.

  • public sector instrumentality means any department, ministry or agency of a state or any corporation, trust, financial institution or other entity controlled by such state;

  • Medical marijuana concentrate means a specific subset of Medical Marijuana that was produced by extracting cannabinoids from Medical Marijuana. Categories of Medical Marijuana Concentrate include Water-Based Medical Marijuana Concentrate, Food-Based Medical Marijuana Concentrate and Solvent-Based Medical Marijuana Concentrate.

  • Small Business Enterprise (SBE) means a business that is certified as an SBE under this program or the following similar programs and meeting the below economic thresholds (Section III “Economic Size Standards”).

  • Public business means and includes all matters which relate in any way, directly or indirectly, to the performance of the public body’s functions or the conduct of its business.

  • All sectors Central : National Treatment : Minimum capital used at commencement of the business under the Lists attached to the Foreign Business Act B.E. 2542 (1999) shall not be less than that prescribed in the Ministry of Commerce's regulations, which in no case shall be less than three million Baht. In all other cases, minimum capital used at the commencement of the business operation shall not be less than that prescribed by the Ministry of Commerce's regulations and shall in no case be less than two million Baht. : -Foreign Business Act B.E. 2542 (1999), as amended. -Ministry of Commerce's regulations, as amended. - Administrative guidelines.

  • the public service means, subject to the provisions of this section, the service in a civil capacity of the Government;

  • Alcoholic beverage means a beverage that:

  • Free appropriate public education means special education and related services that are provided at public expense and under public supervision and direction, and without charge, meet the standards of the Department of Public Instruction, include an appropriate preschool, elementary or secondary school education; and are provided in conformity with an IEP.

  • public service means the public service referred to in section 1(1) of the Public Service Act, 1994 (promulgated by Proclamation No. 103 of 1994), and includes any organisational component contemplated in section 7(4) of that Act and specified in the first column of Schedule 2 to that Act, but excluding-

  • Pro se means a person proceeding on the person’s own behalf without legal representation.

  • Segment means a portion of the Term Loan (or all thereof) with respect to which a particular interest rate is (or is proposed to be) applicable.

  • Public Safety and/or “Nuisance” means anything which is injurious to the safety or health of an entire community or neighborhood, or any considerable number of persons, or unlawfully obstructs the free passage or use, in the customary manner, of any navigable lake, or river, bay, stream, canal, or basin.

  • Public transportation system means all facilities, conveyances and instrumentalities, whether publicly or privately owned, that are used in or for publicly available services for the transportation of persons or cargo.

  • South Caucasus/Central and South Asian (SC/CASA) state means Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkmenistan, or Uzbekistan.

  • Retail marijuana store means an entity licensed to purchase marijuana from marijuana cultivation facilities and marijuana and marijuana products from marijuana product manufacturing facilities and to sell marijuana and marijuana products to consumers.