Public sector comparator
The Code of Estimating Practice, seventh edition, published by the Chartered Institute of Building (CIOB) in 2009 suggests that the term ‘public sector comparator’, or PSC, refers to:
… an assessment of the scheme which includes capital costs, operating costs and third party revenues. The PCS is a benchmark against which value for money can be gauged. Clients use technical advisors to produce a reference project – sometimes called the public sector scheme (PSS).
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