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Abdul-Aziz, A-R and Tan, A C N (1998) GATT, GATS and the global construction industry. Engineering, Construction and Architectural Management, 5(01), 31–7.

Akintoye, A, Taylor, C and Fitzgerald, E (1998) Risk analysis and management of Private Finance Initiative projects. Engineering, Construction and Architectural Management, 5(01), 9–21.

  • Type: Journal Article
  • Keywords: private finance; procurement; public sector; risk
  • ISBN/ISSN: 0969-9988
  • URL: http://www.blackwell-synergy.com/links/doi/10.1046/j.1365-232X.1998.00002.x/abs
  • Abstract:
    The Private Finance Initiative (PFI) is a recent development in the UK in which private sector organizations, design, build, finance and operate assets to deliver a service to public sector clients. The initiative is expected to bring the private sector's finance, management skills and expertise into projects which would normally be undertaken by the public sector. Equivalents of this initiative, also found outside the UK, include DBFO (Design Build Finance Operate), BOO (Build Own Operate) and turnkey projects. Two important considerations for a project to receive an approval for the initiative are that it must represent value for money and there must be sufficient transfer of risk to the private sector. his paper, based on a questionnaire survey, provided the perceptions of clients, contractors and financial institutions on risk associated with PF1 and how these determine their approach to PFI schemes. The analysis shows that design changes and the level of information on functional, performance and output requirements for PFI schemes are of major concern to the parties involved in this procurement route.

Chau, K W (1998) The implications of the difference in the growth rates of the prices of building resources and outputs in Hong Kong. Engineering, Construction and Architectural Management, 5(01), 38–50.

Duffield, C (1998) Commercial viability of privately financed heating systems in Europe: a case study. Engineering, Construction and Architectural Management, 5(01), 3–8.

Evans, R C and Kaka, A P (1998) Analysis of the accuracy of standard/average value curves using food retail building projects as case studies. Engineering, Construction and Architectural Management, 5(01), 58–67.

Gowri, K and Depanni, S (1998) The Health and Safety Expert System (HASES): an expert system framework for building inspections. Engineering, Construction and Architectural Management, 5(01), 92–102.

Laufer, A, Shapira, A and Goren, I (1998) Implementing an integrative approach to project schedule compression. Engineering, Construction and Architectural Management, 5(01), 82–91.

Ogunlana, S O and Chang, W P (1998) Worker motivation on selected construction sites in Bangkok, Thailand. Engineering, Construction and Architectural Management, 5(01), 68–81.

Saunders, A (1998) Aspects of funding for BOOT projects. Engineering, Construction and Architectural Management, 5(01), 22–30.

Walker, D H T (1998) The contribution of the client representative to the creation and maintenance of good project inter-team relationships. Engineering, Construction and Architectural Management, 5(01), 51–67.