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Does The Private Finance Initiative (PFI) Provide Value For Money Within The UK Construction Industry For The Public Sector?  (2012)

Ref: build0027

The Private Finance Initiative (PFI) was introduced in 1992 with the aim of increasing the involvement of private sector expertise within the provision of public services. As of March 2008, 627 PFI schemes had been signed developing private finance of £58.2 billion. The purpose of this study was to investigate if the Private Finance Initiative provides value for money to the public sector within construction. The 9 subjects were asked 9 questions relating to value for money in respect to PFI in UK construction. Each participant was asked 5 open ended questions providing qualitative results and 4 closed ended questions utilising a 5 point lickert scale to produce quantitative results. Analysis of the results indicates that the PFI does provide value for money to the public sector through the culmination of different factors working together including the transfer of risks to the private sector, facilities management and the incorporation of whole life costs, improved design, improved management, greater time and cost certainty and competition within the tender process. In addition the current investigation also examines the history and structure of PFI, the advantages and disadvantages of the process and possible improvements that can be made. The primary aim of this study will be to either prove or disprove the hypothesis outlined above which is to determine if the Private Finance Initiative provides value for money to public sector construction projects within the UK. The main objectives of the present study will be:
  • To determine why PFI was introduced in the UK and to investigate its nature and structure within UK construction
  • To determine what is meant by value for money within the PFI process
  • To determine the advantages and disadvantages with PFI within UK construction
  • To determine and investigate possible improvements that can be made to the PFI process within UK construction

  • 12,000 words - 68 pages in length
  • Excellent use of literature
  • Good in depth analysis
  • Good analysis of the subject area
  • Includes questionnaire & transripts
  • Ideal for building and construction students


1 - Rationale
Hypothesis, Aims and Objectives
Dissertation Structure

2 - Literature Review
History and Structure of PFI
Value for Money in PFI
Advantages & Disadvantages to PFI

3 - Methodology

4 - Results
Qualitative Results
Quantitative Results

5 - Discussion
Discussion Introduction
Discussion of Quantitative Results
Discussion of Qualitative Results

6 - Conclusion
Conclusions
Limitations to study
Possible Improvements to the PFI process

Appendix Section

References



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