|Appears in Collections:||Management, Work and Organisation Journal Articles|
|Peer Review Status:||Refereed|
|Title:||The Private Finance Initiative in the UK: A value for money and economic analysis|
King, David N
Private Finance Initiative
public sector comparator
whole life costing
Finance, Public United Kingdom Accounting
Organizational effectiveness Evaluation
Public administration United Kingdom
|Citation:||Ball R, Heafey M & King DN (2007) The Private Finance Initiative in the UK: A value for money and economic analysis. Public Management Review, 9 (2), pp. 289-310. https://doi.org/10.1080/14719030701340507|
|Abstract:||The UK's Private Finance Initiative now involves billions of pounds' worth of capital investment in the public sector. Achievement of value for money is, therefore, a very important consideration. This study into value for money and economic analysis of PFI projects is based on empirical investigations together with a number of recent official reports. This article begins with an exploration of the implications of PFI for the public finances as a whole and whether its use is liable to increase capital investment in the public sector. The remainder of the article provides a detailed analysis, using the schools sector of key issues, such as building quality, maintenance costs, bidding costs, risk transfer, the use of the public sector comparator and financing costs. The results of the analysis suggest significant problems with value for money for PFI projects and support the Audit Committee recommendation for the availability of a wider range of procurement options.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.|
|The PFI in the UK (PMR).pdf||Fulltext - Published Version||196.4 kB||Adobe PDF||Under Embargo until 2999-12-07 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
The metadata of the records in the Repository are available under the CC0 public domain dedication: No Rights Reserved https://creativecommons.org/publicdomain/zero/1.0/
If you believe that any material held in STORRE infringes copyright, please contact email@example.com providing details and we will remove the Work from public display in STORRE and investigate your claim.