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Partnering and the Viability of Affordable Housing Projects in London: Determining a causation

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  • Oribuyaku, Damilola

Abstract

It has been reported that strategic partnering can deliver savings of 30% while one-off, project partnering can deliver up an immediate 10%. Many researchers have however began to criticize the concept of partnering. Some are of the view that the concept has not been clearly defined and definitions are often too vague and overly optimistic (Eriksson, 2010). Others argue that the concept is one that sounds good as a theory but lacks the necessary contents needed for its implementation (Eriksson, 2010). This research focuses on the impacts of partnering on the supply of housing. This will be achieved by investigating the impact of partnering on the viability of affordable housing schemes in London. Upon analysis and interpretation of the data, the paper finds that partnering may affect viability through 6 key factors including: Long-Term Relationship, Economy, Transparency, Capability, Labour and Ideals. These findings suggests the need for local authorities to abandon the Best Price method of affordable housing procurement and the need for the stability of the UK economic environment in order to reduce risks and encourage partnering in the affordable housing sector.

Suggested Citation

  • Oribuyaku, Damilola, 2015. "Partnering and the Viability of Affordable Housing Projects in London: Determining a causation," MPRA Paper 66196, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:66196
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    File URL: https://mpra.ub.uni-muenchen.de/66196/1/MPRA_paper_66196.pdf
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    More about this item

    Keywords

    Partnering; Affordable Housing; Housing; Viability;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy

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