The good, the bad and the baffling: three big public-private contracts

Not every private finance initiative deal has been a failure: but some have suffered from glaring deficiencies from the outsetGovernment contracts with the private sector fall into two categories. There are straightforward service contracts – for jobs like cleaning prisons and maintaining army homes – where civil servants can drive a hard bargain. Or there are large complex projects – like building and running new hospitals – which involve private consortiums raising much