The Private Finance Initiative(PFI)in schools: the experiences of users

The Private Finance Initiative(PFI)in schools: the experiences of users

he Private Finance Initiative (PFI) offers an alternative to the conventional procurement of public sector infrastructure. Typically under a PFI contract, a consortium of private sector organisations is responsible for designing, building, financing and operating buildings and facilities and associa...

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Main Authors: Ismail, Suhaiza, Pendlebury, Maurice
Format: Article
Language:English
Published: Blackwell Publishing 2006
Subjects:
HJ9701 Public accounting
Online Access:http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/1/SuhaizaPFISchools.pdf
id iium-520
recordtype eprints
spelling iium-5202011-11-28T08:31:45Z http://irep.iium.edu.my/520/ The Private Finance Initiative(PFI)in schools: the experiences of users Ismail, Suhaiza Pendlebury, Maurice HJ9701 Public accounting he Private Finance Initiative (PFI) offers an alternative to the conventional procurement of public sector infrastructure. Typically under a PFI contract, a consortium of private sector organisations is responsible for designing, building, financing and operating buildings and facilities and associated services that are then used by a public sector organisation for the period of the contract, normally 25 to 30 years. A PFI contract is regarded as the provision of a bundle of services which are paid for year by year by the public sector user, rather than the provision of assets. Since the UK's introduction of the PFI in the early 1990s it has become a widely adopted means of acquiring asset based public services, with over 600 projects entered into by April 2004.1 However, before a PFI contract can be approved it has to be demonstrated that the project will provide value for money (VFM). Blackwell Publishing 2006 Article PeerReviewed application/pdf en http://irep.iium.edu.my/520/1/SuhaizaPFISchools.pdf Ismail, Suhaiza and Pendlebury, Maurice (2006) The Private Finance Initiative(PFI)in schools: the experiences of users. Financial Accountability & Management, 22 (4). pp. 381-404. ISSN 0267-4424 http://dx.doi.org/10.1111/j.1468-0408.2006.00431.x 10.1111/j.1468-0408.2006.00431.x
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HJ9701 Public accounting
spellingShingle HJ9701 Public accounting
Ismail, Suhaiza
Pendlebury, Maurice
The Private Finance Initiative(PFI)in schools: the experiences of users
description he Private Finance Initiative (PFI) offers an alternative to the conventional procurement of public sector infrastructure. Typically under a PFI contract, a consortium of private sector organisations is responsible for designing, building, financing and operating buildings and facilities and associated services that are then used by a public sector organisation for the period of the contract, normally 25 to 30 years. A PFI contract is regarded as the provision of a bundle of services which are paid for year by year by the public sector user, rather than the provision of assets. Since the UK's introduction of the PFI in the early 1990s it has become a widely adopted means of acquiring asset based public services, with over 600 projects entered into by April 2004.1 However, before a PFI contract can be approved it has to be demonstrated that the project will provide value for money (VFM).
format Article
author Ismail, Suhaiza
Pendlebury, Maurice
author_facet Ismail, Suhaiza
Pendlebury, Maurice
author_sort Ismail, Suhaiza
title The Private Finance Initiative(PFI)in schools: the experiences of users
title_short The Private Finance Initiative(PFI)in schools: the experiences of users
title_full The Private Finance Initiative(PFI)in schools: the experiences of users
title_fullStr The Private Finance Initiative(PFI)in schools: the experiences of users
title_full_unstemmed The Private Finance Initiative(PFI)in schools: the experiences of users
title_sort private finance initiative(pfi)in schools: the experiences of users
publisher Blackwell Publishing
publishDate 2006
url http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/
http://irep.iium.edu.my/520/1/SuhaizaPFISchools.pdf
first_indexed 2023-09-18T20:07:38Z
last_indexed 2023-09-18T20:07:38Z
_version_ 1777407265071955968

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