2014 Report details for project: Priority School Building Programme

Project name: Priority School Building Programme - there are 2 reports for this project: 2013, 2014
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Organisation: DFE (D6) - see all reports for this organisation
Report year: 2014 (data is from Sept 2013)
Category: Infrastructure - see all reports for this category
Description: On 24 May, the Secretary of State confirmed that the Priority School Building Programme (PSBP) would rebuild, or meet the condition needs of 261 schools. The Priority School Building Programme will address the needs of 46 schools through private finance, with the remaining projects being funded through capital grant. To ensure value for money for the public sector, the 261 schools have been grouped together in “batches” to make projects that will be commercially attractive and drive strong competition. Four specific objectives have been agreed • to prioritise schools (primary/secondary/sixth form) for rebuilding; • to build more for less; • to improve the future private finance model drawing on learning and experience from recent Building Schools for the Future (BSF) PFI deals, the HM Treasury review of operational PFI contracts, and Public Accounts Committee recommendations in response to the National Audit Office report; and • to use a centralised procurement model for the programme in order to drive efficiencies in procurement time and ensure that a quality solution is obtained at the lowest cost.
DCA (RAG): Amber
DCA text: The first Priority School Building Programme project opened in April 2014, on programme. The overall programme is on track to provide new or refurbished facilities for all schools by 2017, 2 years earlier than originally planned.
Start date: 2011-07-19
End date: 2017-12-31
Schedule text: The programme is on track for all schools being open in new or refurbished buildings by the end of 2017 – 2 years earlier than originally planned. The 2044 date given is an estimate of the last date of the concession period of the private finance 2 delivered schools.
Baseline: £110.53m
Forecast: £110.53m
Variance: 0.00%
Variance text: n/a
Whole Life Cost: £3,889.76m
WLCost text: The budgeted whole life costs do not reflect the capital cost of the delivery of the project as this includes the revenue payments made in respect of the 46 schools delivered through private finance 2.
Notes1:
Notes2:
Sourcefile: IPA_2014.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.