Public sector comparator

In Public Administration, the Public Sector Comparator (PSC) is a tool used by governments in determining the proper service provider for a public sector project. It consists of an estimate of the cost that the government would pay were it to deliver a service by itself. The World Bank has its own definition, wherein a PSC 'is used by a government to make decisions by testing whether a private investment proposal offers value for money in comparison with the most efficient form of public procurement.' Generally, the PSC allows governments to figure out if a public–private partnership or other arrangement would be more cost effective. The PSC is most commonly used in UK, Australia, Hong Kong and Canada. In Public Administration, the Public Sector Comparator (PSC) is a tool used by governments in determining the proper service provider for a public sector project. It consists of an estimate of the cost that the government would pay were it to deliver a service by itself. The World Bank has its own definition, wherein a PSC 'is used by a government to make decisions by testing whether a private investment proposal offers value for money in comparison with the most efficient form of public procurement.' Generally, the PSC allows governments to figure out if a public–private partnership or other arrangement would be more cost effective. The PSC is most commonly used in UK, Australia, Hong Kong and Canada.