This research was sponsored jointly by EPSRC and DETR and involved Carillion, Royal Bank of Scotland, Morrison Construction, Amec, Centre for the Built Environment in Glasgow and Public-Private Partnership Programme Ltd as partners.

The wherewithal of achieving best value in private finance initiative (PFI) projects and the associated problems therein are documented. In the UK, PFI has offered a solution to the problem of securing necessary investment at a time of severe public expenditure restraint. In PFI schemes, the...

Abstract: Purpose – The UK Government has now adopted Private Finance Initiative (PFI) as a major vehicle for the delivery of additional resources to the health sector in order to achieve a greater investment in healthcare facilities. The purpose of this paper is to examine the trends and risk...