000 01601cab a2200217 4500
001 L130366
008 050721n2005 000 0 eng u
035 _a(Sirsi) u130366
041 _aeng
100 _aBing, Li
245 _aCritical success factors for PPP/PFI projects in the UK construction industry
260 _c2005
490 _aConstruction Management and Economics
_v23(5) June 2005, 459-471(13)
520 _aPublic-private partnerships (PPPs) are increasingly used in the United Kingdom's public facilities and services provision through the Private Finance Initiative (PFI). Despite some casualties, PPP/PFI projects have been undertaken successfully but the reasons for success are not entirely clear. Questionnaire survey research examined the relative importance of 18 potential critical success factors (CSF) for PPP/PFI construction projects in the UK. The results show that the three most important factors are: a strong and good private consortium, appropriate risk allocation and available financial market. Factor analysis revealed that appropriate factor groupings for the 18 CSFs are: effective procurement, project implementability, government guarantee, favourable economic conditions and available financial market. These findings should influence policy development towards PPPs and the manner in which partners go about the development of PFI projects. References. [Taken from journal abstract.]
590 _aIKA020805
690 _aProject management
_96261
700 _aAkintoye, A.
700 _aEdwards, P. J.
700 _aHardcastle, C.
942 _n0
999 _c75580
_d75580