PAC publishes its report into the Fisheries Building project

STANLEY, FALKLANDS: The Public Accounts Committee published its report today into the planning and construction of the Fisheries Building.  The report provides an analysis and evaluation of the building project which was completed in 2012.

The planning and construction of the Fisheries Building was considered in terms of whether it represented value for money.  The review explored the management of the project and expenditure incurred focusing on the planning of the works, key decisions taken, tendering process, oversight of works and variations and additions to the project.  The research included written evidence from a number of sources as well as interviews with key stakeholders.

The review found that the original cost estimates were unrealistic. In addition, it found that the project was not future proofed for expansion of the department.  It suggests that there may be significant ‘optimism bias’ when commissioned, a concerning feature of other projects. For confidence in economy and efficiency, it raises the need for simple measures of success of stated objectives for environmental infrastructure spending so that FIG can learn for future projects.

The major areas of weakness highlighted by this report require further action by FIG management and recommendations have been made to the Legislative Assembly to address the PAC’s concerns.

Speaking at the launch of the Report, the PAC’s Chair Mr Andrew Newman said:

 “Through the release of this report we hope to highlight issues which are of concern to the public so that lessons can be learnt and improvements can be implemented in future projects. This is a vital part of our remit to help provide sound governance and oversight for the people of the Falkland Islands.”

The Public Accounts Committee (PAC) is appointed under the Constitution to: “Examine and report on all public accounts and audit reports that are required to be laid before the Legislative Assembly and shall have such other functions, and shall operate under such procedures as may be prescribed by or under an Ordinance”.

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