Involvement of small and medium sized enterprises in the private realisation of public buildings
This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local authorities' involvement. Opportunities and problems of smaller constructors in such PFI projects are then analysed. Three case studies of smaller PFI schemes are reviewed including procurement process, contract agreement, project funding, risk allocation and innovations. Because of complicated approval frameworks and contract structures more and more projects are bundled in order to obtain a better value for money. Smaller constructors, therefore, can only act as subcontractors until simpler procedures and contracts are introduced by government bodies and organisations responsible.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://fak6.tu-freiberg.de/en/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:zbw:tufwps:200209. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.