An Examination on The Sustainable Competitive Advantage of Private Finance Initiative Projects
(2003) An Examination on The Sustainable Competitive Advantage of Private Finance Initiative Projects. Construction Innovation 3(4):pp. 249-259.
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Abstract
The Private Finance Initiative (PFI) is a long-term concession of services used by the UK government to capture private capital to fund public projects. This model is being increasingly applied in Portugal and the assessment of its competitive advantage is very important to Portugal. The empiric study undertaken both in Portugal and the UK has permitted to draw already some conclusions. PFI has developed the way the construction industry is managed, and has increased the competitive advantage of UK construction industry acting in the four vectors of competitive advantage: Innovation, Quality, Efficiency and Attention to the Client. Innovation occurred, through new designs more efficient and cost effective through the project’s whole life cycle. There is the widespread use of management tools: whole life cycle costing, risk management and benchmarking. PFI also improved communication in the UK construction industry, forcing the interaction and feedback from all stakeholders in a project.
| Item Type: | Journal Article |
|---|---|
| Status: | Published |
| Keywords: | PFI, Sustainable Competitive Advantage, Construction Companies, Innovation, Quality, Efficiency, Attention to the Client. |
| Subjects: | 310000 Architecture, Urban Environment and Building > 310200 Building > 310202 Building Construction Management |
| ID Code: | 8079 |
| Deposited By: | Alwi, Sugiharto |
| Deposited On: | 07 June 2007 |
| Alternative Locations: | http://www.emeraldinsight.com/info/journals/ci/ci.jsp |
| Copyright Owner: | Copyright 2003 Emerald Group Publishing Limited. |
| Copyright Statement: | Reproduced in accordance with the copyright policy of the publisher. This journal is available online - use hypertext links above. |