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News Release from: School of Construction and Property Management | Subject: Success in PFI/PPP Projects
Edited by the Buildingtalk Editorial
Team on 22 June 2005
Success in PFI/PPP Projects
In the current edition of Construction Management and Economics the concept of success in public/private partnership projects is questioned.
In the current edition of Construction Management and Economics, Bing Li, Akintola Akintoye, Peter Edwards and Cliff Hardcastle, a research team working at Glasgow Caledonian University, UK and RMIT University, Melbourne, Australia, question the concept of success in public/private partnership projects Li, Akintoye, Edwards and Hardcastle have examined the concept of success in public/private partnership projects
This article was originally published on Buildingtalk on 19 May 2004 at 8.00am (UK)
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Their main argument is that while the critical success factors (CSF) for public/private partnership projects are all important, some must be more important than others.
They carried out an opinion survey to explore the relative importance of 18 CSFs derived from the previous publications on the topic.
They discovered that the robustness of the private consortium was the most important factor.
This has practical implication for project clients (sponsors) who must encourage, and allow sufficient time for the development of a strong private consortium.
Full details can be found in the current issue of Construction Management and Economics, Volume 23 Number 5, published by Taylor and Francis.
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