A framework for examining accountability and value for money in the UK's private finance initiative

Demirag, Istemi, Dubnick, Melvin and Khadaroo, M Iqbal (2004) A framework for examining accountability and value for money in the UK's private finance initiative. Journal of Corporate Citizenship, 2004 (15). pp. 63-76. ISSN 1470-5001

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Abstract

This paper seeks to develop a system for evaluating the implications of accountability and value-for-money (VFM) decisions in private finance initiative (PFI) projects from initiation through set-up, implementation and internal and external monitoring. By reviewing the extant literature on accountability and VFM, a model is developed for evaluating the implications of various types of accountability and VFM decisions on PFI projects. Most previous studies have considered either the accountability or VFM at the projects' initial stages; little attention has been paid to the interrelationship between accountability and VFM issues in the evaluation of various PFI processes. This paper addresses these lacunae in the literature.

Item Type: Article
Keywords: Accountability, New public management, Performance, Private finance initiative, Project management, Publicprivate partnerships, UK, Value for money
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences
Depositing User: Joy Blake
Date Deposited: 03 Jun 2016 14:23
Last Modified: 06 Mar 2017 04:35
URI: http://sro.sussex.ac.uk/id/eprint/61293

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