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Why do suppliers complain about the PFI process?
Research shows that most suppliers complain that during the procurement, the PFI process takes too long for management decisions.
How many PFI projects have been completed in the UK?
MacDonald, 2002 (in Grimsey and Lewis, 2005) reviewed 50 large UK public procurement projects in the past 20 years, and found 11 were using PFI/PPP, average of which were completed under-time. HM Treasury, 2003b (in Grimsey and Lewis, 2005) reviewed 61 PFI projects, 89 percent of which were completed under or on time.
What kind of Public Services does PFI cover?
PFI has now covered most of public services such as health, education, defence, prisons and transportations.
What are the advantages and disadvantages of PFI?
Such risks being transferred from public sector to private sector through a PPP route is considered to be adding value for money for public project, as private sector will solely manage the project cost, time and quality. (Grimsey and Lewis, 2005) PFI is considered to be one of the procurements which can deliver project under or on time.
Last Update: Oct 2021
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