eprintid: 5247
rev_number: 2
eprint_status: archive
userid: 1
dir: disk0/00/00/52/47
datestamp: 2023-11-09 16:16:58
lastmod: 2023-11-09 16:16:58
status_changed: 2023-11-09 16:01:04
type: article
metadata_visibility: show
creators_name: Umar, A.A.
creators_name: Zawawi, N.A.W.A.
creators_name: Otairu, A.-G.
creators_name: Othman, I.
title: Private finance initiatives (PFI): Getting it right
ispublished: pub
keywords: Materials; Mechanics, Infrastructures; PF2; PFI Skills; Private Finance Initiative; Public and private sector; Public sector; Risk identification and management; Statistically significant difference, Management
note: cited By 1
abstract: Recently, the UK government reformed the popular PFI into what is now referred to as PF2 after years of denying that the PFI was not delivering value for money. The reform is the result of many factors, principal of which was public sector PFI capacity deficiencies which has compromised the success of many projects. Therefore, this study set out to determine the most important PFI skills from the perspectives of public and private sector PFI practitioners and if there exists differences in opinion between the sectors. A survey of the most important PFI skills was conducted among practitioners during the course of 2 infrastructure conferences held in Kuala Lumpur, Malaysia. Factor analysis of 17 PFI skills produced 3 factor groupings that broadly explain the PFI skills requirements. These skills include Contract design skills, Contract Management skills, and Risk identification and Management skills. There was however no statistically significant difference in opinion between the public and private sector respondents. © (2014) Trans Tech Publications, Switzerland.
date: 2014
publisher: Trans Tech Publications Ltd
official_url: https://www.scopus.com/inward/record.uri?eid=2-s2.0-84903530630&doi=10.4028%2fwww.scientific.net%2fAMM.567.601&partnerID=40&md5=b7744266e4ba04023094e95e52e4947d
id_number: 10.4028/www.scientific.net/AMM.567.601
full_text_status: none
publication: Applied Mechanics and Materials
volume: 567
pagerange: 601-606
refereed: TRUE
isbn: 9783038351238
issn: 16609336
citation:   Umar, A.A. and Zawawi, N.A.W.A. and Otairu, A.-G. and Othman, I.  (2014) Private finance initiatives (PFI): Getting it right.  Applied Mechanics and Materials, 567.  pp. 601-606.  ISSN 16609336