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Private finance initiative (or public private partnership) implementation processes and perception of value for money
journal contribution
posted on 2023-06-09, 01:27 authored by Iqbal Khadaroo, Aminah AbdullahThe aim of this study is to examine the relationships among perceptions of implementation processes, implementation difficulties and value for money (VFM) in UK school private finance initiative (PFI) or public private partnership (PPP) contracts. The results suggest that implementation factors, such as effective PFI ‘consultation’, ‘contractual’, ‘monitoring and review’ processes have a significantly positive influence on perception of VFM. The results also suggest that difficulties involved in actually implementing PFI processes, such as ‘lack of transparency’, ‘performance measurement difficulties’, ‘cultural differences’ and ‘lack of authority’ have a significant and negative influence on perception of VFM. These implementation difficulties were also found to be inversely related with perception of the PFI implementation processes but the extent of these relationships varied.
History
Publication status
- Published
File Version
- Published version
Journal
International Journal of Economics & ManagementISSN
1823-836XPublisher
World Academy of Science, Engineering and Technology (WASET)Issue
3Volume
1Page range
407-435Department affiliated with
- Business and Management Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2016-06-02First Open Access (FOA) Date
2016-06-02First Compliant Deposit (FCD) Date
2016-06-02Usage metrics
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