Article

Risk transfer and value for money in pfi projects

Details

Citation

King DN, Heafey M & Ball R (2003) Risk transfer and value for money in pfi projects. Public Management Review, 5 (2), pp. 279-290. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85012488567&doi=10.1080%2f1461667032000066444&partnerID=40&md5=04b0b2db3c6d7a59615153bea7ff88aa; https://doi.org/10.1080/1461667032000066444

Abstract
Risk transfer is an essential element of the private finance initiative. It also makes an important contribution to value for money estimates. Indeed many PFI projects only achieve value for money because of the risk transfer contribution. A participant observation study was carried out to assess how risk was evaluated in a PFI project. Issues related to the lack of an evidence-based approach to risk assessment, the potential dominance of a very small number of risks and difficulties of imposing penalties on the contractor are discussed. © 2003 Taylor & Francis.

Journal
Public Management Review: Volume 5, Issue 2

StatusPublished
Publication date31/12/2003
Publisher URLhttps://www.scopus.com/…615153bea7ff88aa
ISSN1471-9037

People (1)

People

Professor David King
Professor David King

Emeritus Professor, Economics