CIPFA - Performance in Public Services: Property

AMP Network / Good Practice / Option Appraisal

Making asset decisions inevitably requires some kind of option appraisal in order to recommend the best option for the organisation and, almost as importantly, to demonstrate to decision makers and the public that the recommendation has been arrived at in a thorough unbiased and transparent way.

The degree of detail and effort put into the option appraisal will depend on the value, importance and longevity of the decision. Major investments over a long period, such as the decision to proceed with a PFI contract, require very significant input to reach the right decision.