Critical success factors for PPP/PFI projects in the UK construction industry  

Hdl Handle:
http://hdl.handle.net/10149/58379
Title:
Critical success factors for PPP/PFI projects in the UK construction industry  
Authors:
Hardcastle, C. (Cliff); Akintoye, A. (Akintola); Bing, L. H. (Li); Edwards, P. J. (Peter)
Affiliation:
Glasgow Caledonian University. School of the Built and Natural Environment.
Citation:
Hardcastle, C. et al. (2005) 'Critical success factors for PPP/PFI projects in the UK construction industry', Construction Management and Economics, 23 (5), pp.459-471.
Publisher:
Taylor & Francis
Journal:
Construction Management and Economics
Issue Date:
Jun-2005
URI:
http://hdl.handle.net/10149/58379
DOI:
10.1080/01446190500041537
Abstract:
Public-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.
Type:
Article
Keywords:
critical success factors; factor analysis; procurement systems; public-private partnerships; PPPs; private finance initiative; PFI; project management
ISSN:
1466-433X
Rights:
Subject to restrictions, author can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Accessed 17/12/09]
Citation Count:
15 [Scopus, 17/12/09]

Full metadata record

DC FieldValue Language
dc.contributor.authorHardcastle, C. (Cliff)-
dc.contributor.authorAkintoye, A. (Akintola)-
dc.contributor.authorBing, L. H. (Li)-
dc.contributor.authorEdwards, P. J. (Peter)-
dc.date.accessioned2009-04-01T10:50:32Z-
dc.date.available2009-04-01T10:50:32Z-
dc.date.issued2005-06-
dc.identifier.citationConstruction Management and Economics; 23 (5): 459-471-
dc.identifier.issn1466-433X-
dc.identifier.doi10.1080/01446190500041537-
dc.identifier.urihttp://hdl.handle.net/10149/58379-
dc.description.abstractPublic-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.-
dc.publisherTaylor & Francis-
dc.rightsSubject to restrictions, author can archive post-print (ie final draft post-refereeing). For full details see http://www.sherpa.ac.uk/romeo/ [Accessed 17/12/09]-
dc.subjectcritical success factors-
dc.subjectfactor analysis-
dc.subjectprocurement systems-
dc.subjectpublic-private partnerships-
dc.subjectPPPs-
dc.subjectprivate finance initiative-
dc.subjectPFI-
dc.subjectproject management-
dc.titleCritical success factors for PPP/PFI projects in the UK construction industry  -
dc.typeArticle-
dc.contributor.departmentGlasgow Caledonian University. School of the Built and Natural Environment.-
dc.identifier.journalConstruction Management and Economics-
ref.assessmentRAE 2008-
ref.citationcount15 [Scopus, 17/12/09]-
or.citation.harvardHardcastle, C. et al. (2005) 'Critical success factors for PPP/PFI projects in the UK construction industry', Construction Management and Economics, 23 (5), pp.459-471.-
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