Tutesigensi, A and Hj Mohammad, S A (2008) A framework for introducing the private finance initiative in the Brunei darussalam construction industry. In: Dainty, A (ed.) Proceedings of 24th Annual ARCOM Conference, 1-3 September 2008, Cardiff, UK.
Abstract
The Private Finance Initiative (PFI) is a common, and sometimes preferred, approach to funding public projects without immediate recourse to the public purse, in the construction industry in developed countries throughout the world. It is, also, increasingly gaining popularity among developing countries. Brunei Darussalam is a developing country located on the northern coast of the island of Borneo in South East Asia with an interest in exploring how it can effectively employ the PFI approach to project finance in its construction industry. Against this background, a comprehensive desk study was undertaken together with an analysis of the relevant processes of government in Brunei Darussalam and a framework developed to facilitate the smooth introduction of PFI in the country’s construction industry. The framework was built around four main dimensions: organisation, training, participation and implementation. The framework was evaluated through a survey of managerial level civil servants in Brunei Darussalam’s Ministry of Development. The framework was found to be easy to understand, comprehensive, consistent with government processes and acceptable at all relevant Ministry levels. The framework provides a useful starting point on Brunei Darussalam’s journey towards effective implementation of PFI in its construction industry.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | Brunei darussalam; framework; private finance initiative |
| Index terms: | developed country, public project, private finance initiative, funding, Brunei, project finance, dimension, South-East Asia, construction industry, implementation, developing country, survey |
| Subjects: | contractual arrangements, health monitoring assessment and metrics, economic analysis, data collection methods, industry analysis, Geography, development economics, infrastructure engineering, financial management, physical geography and landforms |
| Topics: | Procurement, Engineering Principles, Geographical Context, Research Practice, Health and Safety, Business Strategy, Cost Management, International Construction |
| Descriptive scope: | 4 PCTE |
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