This technical note published in 2001 provides guidance on the construction and application of a public sector comparator (PSC).
The PSC is the hypothetical whole-of-life risk-adjusted cost of government delivering the project output specifications. The PSC is used in almost all Partnerships Victoria projects to test whether any private investment proposal offers value for money in comparison with the most efficient form of public delivery.
Please note that there is a supplementary Technical Note published in July 2003 that provides additional guidance and a worked example.
Technical Note PSC Technical Note1 (PDF 2.98mb)