REVIEWING RISK ALLOCATION FOR INFRASTRUCTURE PFI: BETWEEN THEORY AND PRACTICE

Dania Issa, Margaret Emsley, Richard Kirkham

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Abstract

Risk allocation (RA) in PFI infrastructures resides in a complex milieu. Tackling this issue from both theoretical and practical perspectives is important in order to understand its complexities. It is claimed that PFI deals can result in better value for money through proper RA. However, the common notion of the public sector transferring ALL risks to the private sector does not describe the reality nor define the optimum way of dealing with risks in infrastructure PFIs. In order to analyse the process of RA, an extensive literature review is undertaken to compare the theory and the practice of the process. It is concluded that a considerable gap exists and the main reason for that is the absence of consensus around the logic/theory of the PFI itself.
Original languageEnglish
Title of host publicationhost publication
PublisherAssociation of Researchers in Construction Management
Number of pages13
Publication statusPublished - Sept 2012
EventThe 28th Annual ARCOM Conference - Edinburgh
Duration: 3 Sept 20125 Sept 2013

Conference

ConferenceThe 28th Annual ARCOM Conference
CityEdinburgh
Period3/09/125/09/13

Keywords

  • infrastructure
  • PFI
  • risk allocation
  • risk identification
  • uncertainty.

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