Author: Khairuddin Abdul Rashid
Publisher:
ISBN: 9789834481308
Category : Finance, Public
Languages : en
Pages : 157

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Book Description

Author: Johnathon Ball
Publisher:
ISBN: 9781902581453
Category :
Languages : en
Pages :

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Book Description
This report enables the assessment of the potential of the PFI (private finance initiative) and plan strategies for participation. It analyzes the PFI policy review by Bates and the principal recommendations on civil procurement in central government by Gershon. There are comments and reactions from senior personnel in financial services companies, showing how they see PFI developing in the future. This report also hopes to improve the understanding of: cost bidding for a PFI contract; length of the procurement process; investment return time frame; optimum risk allocation; and options for how to structure transactions. In-depth case studies of active PFI projects help to give practical tips from leading financial service providers, such as Swindon & Malborough Hospital, Meridian Hospital, and Bromley Hospital.

Author: Bent Flyvbjerg
Publisher: Oxford University Press
ISBN: 0198732244
Category : Business & Economics
Languages : en
Pages : 625

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Book Description
This Handbook provides state-of-the-art scholarship in the emerging field of megaproject management. The 25 chapters cover all aspects of megaproject management, from front-end planning to project delivery, including how to deal with stakeholders, risk, finance, complexity, innovation, governance, ethics, project breakdowns, and scale itself.

Author: David Rowland
Publisher:
ISBN:
Category :
Languages : en
Pages : 37

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Book Description

Author: Suhaiza Ismail
Publisher: LAP Lambert Academic Publishing
ISBN: 9783844322019
Category :
Languages : en
Pages : 348

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Book Description
The Private Finance Initiative (PFI) has become a widely used mechanism for delivering public services in the UK. The crucial requirements for entering into a PFI scheme are that the scheme must offer better value for money (VFM) than conventional procurement and be affordable. Since it was first introduced in 1992, there has been much controversy surrounding PFI. This study attempts to contribute to the debate over the benefits and costs of the scheme. Particularly, the study considered the extent to which VFM and affordability are actually demonstrated by the existing PFI projects and the performance of the PFI private sector providers. The study also recognised several other PFI issues such as the transfer of risks and the credibility of the public sector comparator (PSC) which are crucial to the assessment of VFM.

Author: Manal Fouad
Publisher: International Monetary Fund
ISBN: 1513576569
Category : Business & Economics
Languages : en
Pages : 61

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Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

Author: Great Britain: National Audit Office
Publisher: The Stationery Office
ISBN: 9780102969672
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
Lessons from the experience of using PFI can be applied to improve other forms of procurement and help Government achieve its aim of securing annual infrastructure delivery cost savings of £2 billion to £3 billion. To secure the best value for money from all types of procurement, the public sector needs to develop skills the NAO has identified. These are collecting better data to inform decision-making; ensuring projects have the right skills; establishing effective arrangements to test, challenge and, if necessary, stop projects; and using commercial awareness to obtain better deals. The case for using private finance in public procurement needs to be challenged more. Also, privately financed projects will often still be off balance-sheet which may continue to act as an incentive to use PFI. There has not been a systematic value for money evaluation of operational PFI projects by departments. So there is insufficient data to demonstrate whether the use of private finance has led to better or worse value for money than other forms of procurement. The Treasury and departments should identify alternative methods for delivering infrastructure and related facilities services to maximise value for money for government. The NAO welcomes the current plans of the Treasury and Cabinet Office to strengthen project assurance. The report highlights the need for independent challenge capable of stopping projects which do not give the prospect of value for money. This is particularly important as there is still a shortage of the skills needed to manage and oversee complex major projects.

Author: Tony Merna
Publisher:
ISBN: 9789623600316
Category : Capital investments
Languages : en
Pages : 152

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Book Description

Author: Graeme A. Hodge
Publisher: Edward Elgar Publishing
ISBN: 1849804699
Category : Business & Economics
Languages : en
Pages : 656

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Book Description
Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.

Author: Great Britain. Treasury. Central Computer and Telecommunications Agency
Publisher:
ISBN:
Category : Administrative agencies
Languages : en
Pages : 18

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Book Description
Private Finance Initiative provides a means of harnessing private sector management, innovation, expertise and resources in the provision of capital assets and public services. This document helps to understand the opportunities for private finance in government Information Technology.