PFI: Nearly Half A Million Pounds In Expenses In Six Months

Expenses for the Isle of Wight Council Roads PFI Project totals nearly half a million pounds in six months.

Roll of 50sThe project is run by the person with the largest financial reimbursement in the Council. The road PFI Programme Director Jay Jayasundara received a package in 2009-10, with £15k expenses, of £185,405.

Looking at the newly-released council spending data covering the period April 2010 to September 2010 reveals a spend of £445,229.53.

Royal Yacht Squadron – £4k on catering
Many items are detailed, but VentnorBlog readers who have looked over the numbers already, have expressed some surprise that over four thousand pounds was spent on two payments to the Royal Yacht Squadron, both dated 26/04/10, one for £3,154.89 detailed as ‘Catering Purchases’, the other £851.06 as ‘Hire of facilities’.

The rest of the expenses were in order of size. We’ve provided a link to the Website of the companies where we can find them, to help you understand what they do.

WSP – £130k
WSP received £130,001.25 for ‘Professional Service’. They describe themselves as, “a global design engineering and management consultancy specialising in Property, Transport & Infrastructure, Industry and Environment projects. We work with clients worldwide to create built and natural environments for the future.”

DLA Piper – ~£130k
London City law firm DLA Piper also features heavily having been paid £128,550.15 over the six months. Strangely, catering makes another appearance, with £599.16 put down as ‘Catering Purchases’.

PwC – £86k
Accountancy and consultancy Pricewaterhose Coopers were paid £86,010.05 for ‘Professional Service’.

WDM – ~£60k
WDM, who describe themselves as ‘leading manufacturer and provider of highway survey and monitoring equipment’ were paid £59,858.07 for ‘Consultants Fees’.

There are other amounts detailed that you can read from the spreadsheet below.

Bevan Young Associates
One that caught our eye, because it was near the top of the list, was Island-based Bevan Young Associates, who received £8,875.00 for what is listed as ‘Train and Conference’.

Looking at their site, they appear to have been formed in April 2010, so were fortunate to have their first bill paid in June.

What do they do? Their site says, “Working with management teams, they are experienced in diagnosing the fundamental issues affecting organisations, identifying a range of solutions and supporting individuals and teams to implement these solutions.”

The full detail
So you don’t need to dig through the numbers, we’ve broken the PFI expenses out and made them viewable below.

Image: stock-free under CC BY 2.0

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