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: | Creators Email / ID Num. Khaderi, Shamsida Saidan UNSPECIFIED Abd Aziz, Abdul Rashid UNSPECIFIED Abd Shukor, Ani Saifuza UNSPECIFIED |
Subjects: | H Social Sciences > HD Industries. Land use. Labor > Construction industry > Malaysia N Fine Arts > NA Architecture > Architecture and state |
Divisions: | Universiti Teknologi MARA, Shah Alam > Faculty of Architecture, Planning and Surveying |
Journal or Publication Title: | Built Environment Journal (BEJ) |
UiTM Journal Collections: | UiTM Journal > Built Environment Journal (BEJ) |
ISSN: | 1675-5022 |
Volume: | 15 |
Number: | 1 |
Page Range: | pp. 23-32 |
Keywords: | Private Finance Initiative (PFI), Implementation, Framework. |
Date: | January 2018 |
URI: | https://ir.uitm.edu.my/id/eprint/30002 |