Advanced Search

Journal Navigation

Journal Home

Subscriptions

Archive

Contact Us

Table of Contents

CiteULike is a free service for managing and discovering scholarly references - click here to get started.

Sign In to gain access to subscriptions and/or personal tools.
Public Works Management & Policy
This Article
Right arrow Full Text (PDF)
Right arrow References
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to Saved Citations
Right arrow Download to citation manager
Right arrowRequest Permissions
Right arrow Request Reprints
Right arrow Add to My Marked Citations
Citing Articles
Right arrow Citing Articles via Google Scholar
Right arrow Citing Articles via Scopus
Google Scholar
Right arrow Articles by Asenova, D.
Right arrow Articles by Beck, M.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Complore   Add to Connotea   Add to Del.icio.us   Add to Digg   Add to Reddit   Add to Technorati   Add to Twitter  
What's this?

Scottish Local Authorities and the Procurement of Private Finance Initiative Projects

A Pattern of Developing Risk Management Expertise?

Darinka Asenova

Glasgow Caledonian University

Matthias Beck

Glasgow Caledonian University

An increasing share of public services in Britain and its regions are procured through Private Finance Initiative (PFI) schemes. Past research has shown that PFI procurement puts heavy demands on the managerial skills of public sector managers, particularly as concerns the management of procurement and project risks. Although government initiatives have sought to identify and remedy some of the weaknesses of the public sector as PFI procurer, there are strong indications that Scottish local authorities continue to encounter problems in procuring PFI projects. Comparing two large-scale multisite school projects, which were completed as PFIs in August 2001 and October 2002, this article presents evidence of a learning process in which local authorities have developed increased expertise in project management. These improvements concern the way these authorities have understood, assessed, and managed PFI risks as well as their approach to the allocation of risks between project partners.

Key Words: private finance initiative • risk management • local authorities

Public Works Management & Policy, Vol. 8, No. 1, 11-27 (2003)
DOI: 10.1177/1087724X03008001002
Add to CiteULike CiteULike   Add to Complore Complore   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us   Add to Digg Digg   Add to Reddit Reddit   Add to Technorati Technorati   Add to Twitter Twitter    What's this?