A framework structure to enhance the implementation of private finance initiative (PFI) projects in Malaysia at pre-construction stage: a methodological development / Shamsida Saidan Khaderi, Abdul Rashid Abd Aziz and Ani Saifuza Abd Shukor.

Saidan Khaderi, Shamsida and Abd Aziz, Abdul Rashid and Abd Shukor, Ani Saifuza (2018) A framework structure to enhance the implementation of private finance initiative (PFI) projects in Malaysia at pre-construction stage: a methodological development / Shamsida Saidan Khaderi, Abdul Rashid Abd Aziz and Ani Saifuza Abd Shukor. Built Environment Journal, 15 (1). pp. 1-9. ISSN 2637-0395

Abstract

Private Finance Initiative (PFI) in Malaysia has been inundated by various controversies and criticisms from the very beginning. Yet, in-depth researches relating to them have been lacking. Based on the circumstances, the paper proposes a framework structure to enhance the implementation of PFI projects in Malaysia with focus on the pre-construction stage with the following objectives: to determine the issues and constraint which have arisen, to determine the success factors and lastly to develop a framework for performance improvement. Semistructure interviews with 35 experts and nine case studies (each three representing Modes 1, 2 and 3) were used to collect data. The study found ten success factors which is: fair risk distribution, public-private cooperation, comprehensive output specification, value for money, maintenance culture, innovation, performance-based payment, cost linked to life span, transparency and financing. A workable implementation framework for the pre-construction stage was developed after industry practitioners tested it. This framework can help industry players including contractors in making sound decisions when undertaking PFI projects.

Metadata

Item Type: Article
Creators:
CreatorsID Num. / Email
Saidan Khaderi, ShamsidaUNSPECIFIED
Abd Aziz, Abdul RashidUNSPECIFIED
Abd Shukor, Ani SaifuzaUNSPECIFIED
Subjects: H Social Sciences > HG Finance
H Social Sciences > HG Finance > General works. Financial institutions
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Architecture, Planning and Surveying
Journal or Publication Title: Built Environment Journal
Journal: UiTM Journal > Built Environment Journal (BEJ)
ISSN: 2637-0395
Volume: 15
Number: 1
Page Range: pp. 1-9
Official URL: https://bej.uitm.edu.my/images/pdf-files/BEJ2018-1...
Item ID: 30143
Uncontrolled Keywords: Private Finance Initiative (PFI), Implementation, and Framework.
URI: http://ir.uitm.edu.my/id/eprint/30143

Download

[img] Text
AJ_SHAMSIDA SAIDAN BEJ B 18.pdf

Download (123kB)

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year