McNamara, E T (1997) The current perspective of major United Kingdom construction companies on the private finance initiative. In: Stephenson, P (ed.) Proceedings of 13th Annual ARCOM Conference, 15-17 September 1997, Cambridge, UK.
Abstract
Much of the material published which is devoted to the Private Finance Initiative (PFI) has concentrated on the perceived inadequacies of the PFI. However, not withstanding its perceived inadequacies, PFI will exert an increasing impact on the United Kingdom construction industry. In consequence, instead of focusing energies into highlighting the problems of the PFI process, all energies must now be directed into the improvement of the process. Both private and public sectors must perform their respective partnership roles effectively in order to ensure the success of the PFI strategy. The paper reports on the outcomes of research completed during the first quarter of 1997, undertaken amongst fourteen major United Kingdom construction companies ( identified from the 1996 Building ' Top 300 European Contractors ' ) in order to establish the current perspective of major United Kingdom construction companies on the Private Finance Initiative. On the basis of the findings, recommendations for enhancement of the performance of the PFI initiative in relation to construction projects are proposed and evaluated. The purpose of the research project is to make a significant contribution to facilitating the operational efficiency of the PFI strategy.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | construction companies; enhancement; private finance initiative |
| Index terms: | construction project, private finance initiative, construction industry, efficiency, strategy, partnership, United Kingdom, public sector, construction company |
| Subjects: | partnership management, administrative law, industry analysis, performance management, management, production management, Geography, contractual arrangements, organization |
| Topics: | Procurement, Stakeholder Management, Geographical Context, Project Management, Research Practice, Business Strategy, Quality Management, Legal Issues |
| Descriptive scope: | 3 PCT |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here