More than £31bn wasted by civil servants through lack of negotiating skills You constantly think they haven't thought through the costs. The relationship with industry is too cosy. The senior partner is industry and you always feel industry is calling the tune," she said. The Public Accounts Committee is due to publish another report on Private Finance Initiatives, which Miss Hodge described as "outrageously dreadful value for money." The Treasury has ordered administrative costs in Whitehall be cut by one third by 2014-15, costing 100,000 jobs.