New Case Study: School Benchmarking Birmingham
We’ve just uploaded one of our recently finished Benchmarking jobs in the West Midlands to our case studies page. It’s a great example of a Benchmarking project where we use our Opex Vault database to provide an accurate and trustworthy report for the client.
Have a read of the case study below:
Opex was commissioned by Equans to undertake a Benchmark of their PFI schools in the West Midlands, providing like-for-like financial data for comparison against the host scheme(s).
The contracts cover primary and secondary schools across different sites in the West Midlands.
The objective for the project was to identify the market price for the services by comparing with other similar organisations with similar services and contract conditions. Benchmarking is a contractual requirement on most PFI contracts, with the usual frequency of five years. The results of the Benchmark Exercise, if agreed with the Authority, are used to set the prices for the next five years. The Parties benefited from Opex’s independent and impartial service, which follows government guidance, to produce the Benchmarking Report.
If you’d like to read the full case study, simply click here, and to view all our other benchmarking case studies click here.