Abstracts: November 20th, 1998

Wattie ACA Magazine, (UK), Sep 1998 Vol 102 No 1106Start page: 26. No of pages: 3

Considers the problems arising from the UK Private Finance Initiative (PFI), i.e. partnership between the public and private sectors; and reports that the current government is trying to revive the PFI programme, e.g. by training civil servants in best practice tendering methods. Argues that some projects are definitely unsuitable for PFI (e.g. defence contracts for front-line equipment) while others are arguable (e.g. building and running prisons). Discusses the efforts being made to deal with the difficulties of accounting for PFI, ensuring project quality and allowing for longer term planning of capital spending; but believes there is still ‘a lot to learn’.

Subject(s): PUBLIC SECTOR, PRIVATE SECTOR, FINANCING, TENDERING, EFFICIENCY, UNITED KINGDOM

Database: TMA: Top Management Abstracts AFA: Accounting & Finance Abstracts Style: Journalistic, Comparative/evaluation. Reference: 27AW566

Reproduced by permission of Anbar Management Intelligencehttp://www.anbar.co.uk/management/home.htm