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Involvement of small and medium sized enterprises in the private realisation of public buildings

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  • Heinecke, Bastian

Abstract

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.

Suggested Citation

  • Heinecke, Bastian, 2002. "Involvement of small and medium sized enterprises in the private realisation of public buildings," Freiberg Working Papers 2002,09, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
  • Handle: RePEc:zbw:tufwps:200209
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    File URL: https://www.econstor.eu/bitstream/10419/48371/1/352752939.pdf
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    Keywords

    Private Finance Initiative; Infrastructure; SME; Local Government; Privatwirtschaftliche Realisierung; Infrastruktur; KMU; Kommunalverwaltung;

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction

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