Abstract
Recent UK government polices have identified that the construction industry plays a significant role in the evolution of sustainable development. PFI, as the most active public procurement approach, is potentially a good mechanism for delivering sustainable buildings. The benefits of sustainable construction, for example, in terms of long term cost savings, resource and energy efficiency using and productivity improvement will provide more reliable and sustainable profits for both purchaser and suppliers during the whole contract period. However, the fearing of higher capital cost; lack of government policy; lack of client awareness and demand; and finance incentive has worked against PFI projects embracing towards sustainability. This paper, based on an initial survey, analyses both the advantages and disadvantages of integrating sustainable construction into the PFI process. It concludes that most stakeholders understand the concepts of sustainability, but the balance of these advantages is unclear. Further research is required to evaluate the current sustainable construction experiences in the PFI market.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the 4th International Postgraduate Research Conference |
| Publication status | Published - 2004 |
Keywords
- Sustainable Construction, Private Finance Initiative (PFI), Building Procurement, Decision Making,
