Zhou, L; Keivani, R and Kurul, E (2013) Sustainability performance measurement framework for PFI projects in the UK. Journal of Financial Management of Property and Construction, 18(3), pp. 232-250. ISSN 1366-4387
Abstract
The relationship between sustainable development and private finance initiative (PFI) procurement systems is clarified, and the current debate on the effectiveness of PFI in the UK and the benefits of PFI to deliver sustainable construction is reviewed. The study develops a sustainability assessment framework encompassing environmental, economic, social and technical aspects through the life cycle of the procurement process. The paper aims to discuss these issues. – A comprehensive literature review develops a conceptual sustainability performance indicators framework. A national questionnaire survey measures existing PFI projects' sustainability performance level. – The study provides empirical insights about key performance indicators of sustainable PFI project development and a benchmarking for existing PFI project performance measurement. It suggests that successful sustainable PFI projects should integrate technical aspects into the traditional three dimensions sustainability model and achieve a balance between social and economic performance. – Because of the chosen research approach, the research results may lack in-depth analysis of individual projects. Therefore, researchers are encouraged to test the framework further. – The sustainability indicator framework proposed in this paper is readily applicable in PFI projects, as well as other types of PPP projects. – This paper fulfils an identified need to study how the sustainability performance levels achieved could be effectively measured within PFI/PPP projects; while contributing to the debate on benchmarking and measuring sustainability performance in construction.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | benchmarking; PFI; sustainability indicators; sustainability performance measurement; sustainable construction |
| Index terms: | benchmarking, private finance initiative, questionnaire, literature review, sustainable development, survey, sustainability assessment, sustainability indicator, procurement process, sustainable construction, dimension, project development, project performance, procurement system, effectiveness, life cycle, sustainability performance, key performance indicator |
| Subjects: | data analysis and analytics, contractual arrangements, health monitoring assessment and metrics, project delivery, data collection methods, value management, performance measurement, sustainability assessment, performance management, health safety and environment, project management theory and practice, sustainable construction |
| Topics: | Health and Safety, Research Practice, Project Management, Procurement, Sustainability, Quality Management |
| Descriptive scope: | 4 PCEA |
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