Which among the following is incorrect as to auditing PPP for value for money VFM ........

Finance (Phase -I & II) Alternate sources of finance

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Which among the following is incorrect as to auditing PPP for value for money (VFM)?

public auditor should evaluate whether PPP has met intended social and economic objectives

public auditors should look only from the angle of safeguarding the interests of public sector partner

the concession granted proportionate to the risks allocated to the private partner

none of the above

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Explanation:

Value for money (VfM) has two basic meanings within the PPP development process;

Firstly, that there is an absolute benefit to a country of implementing projects through a PPP modality. This Toolkit provides guidance to ensure that PPP projects in general, if implemented through established procedures will provide general value for money.

The Second meaning; is that a project, undertaken through PPP, delivers a net benefit relative to a public procurement procedure for the same specific project i.e. the country receives a better deal through PPP than public procurement for any proposed project.