Percpetions of risk in the private finance initiative


Gallimore, Paul, Williams, Will and Woodward, David (1997) Percpetions of risk in the private finance initiative. Journal of Property Finance, 8, (2), 164-176.

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Description/Abstract

The UK Government’s Private Finance Initiative introduces new arrangements for the provision of buildings from which public services are delivered. These arrangements require the private sector to take on new forms of risk. Discusses the progress of the Initiative and focuses on a study to determine whether differences exist in the weighting given by different “players” to these risks. Argues that the existence of such differences would present an additional barrier to the PFI’s implementation. The findings reveal that one form of risk, namely that associated with revenue from occupancy under PFI, is viewed as both of greater importance and more uncertain than other risks. Generally, however, finds that perceptions of risk are not significantly different between the four groups examined in the study (surveyors, financiers, contractors and purchasers).

Item Type: Article
ISSNs: 0958-868X (print)
Related URLs:
Keywords: finance, occupier’s liability, risk management
Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
Divisions: University Structure - Pre August 2011 > School of Management
ePrint ID: 36671
Date Deposited: 15 Mar 2007
Last Modified: 27 Mar 2014 18:23
URI: http://eprints.soton.ac.uk/id/eprint/36671

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