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Costs, outputs and outcomes in school PFI contracts and the significance of project size

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  • Istemi Demirag
  • Iqbal Khadaroo

Abstract

This article examines operational Private Finance Initiative (PFI) school projects and reports the experiences of UK headteachers. It considers the impact of project size on value for money (VFM). Headteachers involved in small projects are more satisfied with costs than those involved in large projects, but headteachers involved in larger projects are more satisfied with affordability. Generally, heads are more satisfied with the buildings than with the services. The authors question the government's recent policy changes to increase the size of PFI projects.

Suggested Citation

  • Istemi Demirag & Iqbal Khadaroo, 2010. "Costs, outputs and outcomes in school PFI contracts and the significance of project size," Public Money & Management, Taylor & Francis Journals, vol. 30(1), pages 13-18, January.
    • Handle: RePEc:taf:pubmmg:v:30:y:2010:i:1:p:13-18
    DOI: 10.1080/09540960903492281
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    Cited by:

    1. Veiko LEMBER & Ole Helby PETERSEN & Walter SCHERRER & Robert ÅGREN, 2019. "Understanding The Relationship Between Infrastructure Public‒Private Partnerships And Innovation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(2), pages 371-391, June.
    2. Demirag, Istemi & Khadaroo, Iqbal & Stapleton, Pamela & Stevenson, Caral, 2011. "Risks and the financing of PPP: Perspectives from the financiers," The British Accounting Review, Elsevier, vol. 43(4), pages 294-310.
    3. Opara, Michael & Rouse, Paul, 2019. "The perceived efficacy of public-private partnerships: A study from Canada," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 58(C), pages 77-99.

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