Article2005

Critical success factors for PPP/PFI projects in the UK construction industry

Akintola Akintoye · Peter J. Edwards · Cliff Hardcastle

819 citations0/0 files storedConstruction Management and Economics

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Public-Private Partnership Projects Construction Project Management and Performance Capital Investment and Risk Analysis

Abstract

Public–private partnerships (PPPs) are increasingly used in the United Kingdom's public facilities and services provision through the Private Finance Initiative (PFI). Despite some casualties, PPP/PFI projects have been undertaken successfully, but the reasons for success are not entirely clear. Questionnaire survey research examined the relative importance of 18 potential critical success factors (CSF) for PPP/PFI construction projects in the UK. The results show that the three most important factors are: ‘a strong and good private consortium’, ‘appropriate risk allocation’ and ‘available financial market’. Factor analysis revealed that appropriate factor groupings for the 18 CSFs are: effective procurement, project implementability, government guarantee, favourable economic conditions and available financial market. These findings should influence policy development towards PPPs and the manner in which partners go about the development of PFI projects.

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References

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Cited by

2015Review of studies on the Critical Success Factors for Public–Private Partnership (PPP) projects from 1990 to 2013 2009A review of studies on Public–Private Partnership projects in the construction industry 2010Critical Success Factors for PPPs in Infrastructure Developments: Chinese Perspective 2012Public private partnership projects in Singapore: Factors, critical risks and preferred risk allocation from the perspective of contractors 2009Selection of performance objectives and key performance indicators in public–private partnership projects to achieve value for money 2016A review of emerging trends in global PPP research: analysis and visualization 2015Cross-country comparisons of key drivers, critical success factors and risk allocation for public-private partnership projects

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