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PFI, Public—Private Partnerships and the Neglected Importance of Process: Stakeholders and the Employment Dimension

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  • Moira Fischbacher
  • P. B. Beaumont

Abstract

The prominence of Private Finance Initiative (PFI) and Public—Private Partnership (PPP) policy and practice is growing as a mechanism for improving resources available to, and value for money throughout, UK public services. This interest has not been accompanied by an appropriate level of academic scrutiny, nor by depth of insight into the impact of the PFI/PPP process upon public sector organizations. The authors draw on the experience of a National Health Service PFI project to examine key aspects of the PFI process, in particular, structural characteristics affecting design and implementation of PFI projects, financial and other organizational costs, and the nature of stakeholder involvement and the wider employment dimension. The article concludes by reflecting on implications for PFI/PPP policy, management and research.

Suggested Citation

  • Moira Fischbacher & P. B. Beaumont, 2003. "PFI, Public—Private Partnerships and the Neglected Importance of Process: Stakeholders and the Employment Dimension," Public Money & Management, Taylor & Francis Journals, vol. 23(3), pages 171-176, July.
    • Handle: RePEc:taf:pubmmg:v:23:y:2003:i:3:p:171-176
    DOI: 10.1111/1467-9302.00365
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    Cited by:

    1. Rhys Andrews & Marc Esteve & Tamyko Ysa, 2015. "Public-private joint ventures: mixing oil and water?," Public Money & Management, Taylor & Francis Journals, vol. 35(4), pages 265-272, July.
    2. Roine Leiringer, 2006. "Technological innovation in PPPs: incentives, opportunities and actions," Construction Management and Economics, Taylor & Francis Journals, vol. 24(3), pages 301-308.
    3. Thais Rangel & Jesús Galende, 2010. "Innovation in public--private partnerships (PPPs): the Spanish case of highway concessions," Public Money & Management, Taylor & Francis Journals, vol. 30(1), pages 49-54, January.

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