Abstracts – Browse Results
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Ehrlich, M, Woodward, D and Tiong, R (2012) A state-of-practice survey on managing FX exposure in project companies, construction companies and SMEs. Journal of Financial Management of Property and Construction, 17(01), 29-48.
Enshassi, A, Arain, F and Tayeh, B (2012) Major causes of problems between contractors and subcontractors in the Gaza Strip. Journal of Financial Management of Property and Construction, 17(01), 92-112.
Hampton, G, Baldwin, A N and Holt, G (2012) Project delays and cost: stakeholder perceptions of traditional v. PPP procurement. Journal of Financial Management of Property and Construction, 17(01), 73-91.
Henjewele, C, Sun, M and Fewings, P (2012) Analysis of factors affecting value for money in UK PFI projects. Journal of Financial Management of Property and Construction, 17(01), 9-28.
- Type: Journal Article
- Keywords: private finance initiative; uncertainty management; value for money
- ISBN/ISSN: 1366-4387
- URL: https://doi.org/10.1108/13664381211211028
- Abstract:
Purpose - This paper aims to report findings from a study on factors that made value for money (VFM) in private finance initiative (PFI) projects vulnerable to variations. It seeks to identify the top influencing factors, rank them according to the relative strength of influence, and explore their interactivity. Design/methodology/approach - The study uses a documentary review of full business cases of five PFI projects, published reports, and scholarly publications to identify the list of factors; and a questionnaire survey of 44 PFI projects in the UK to establish the ranking of importance. Findings - The findings reveal that PFI projects are more strongly affected by client-driven internal factors than external factors. Internal factors, such as design change in the development phase and requests for new works or services in the operational phase were also likely to act independently, while external factors, including conditions for approval, movement in construction costs and change in PFI guidelines, worked interactively. Practical implications - The research findings add to the knowledge of priority factors that need to be addressed to enhance the achievement of long-term VFM in PFI projects. Originality/value - The study is one of the few studies that have investigated VFM of PFI projects from a whole life cycle and dynamic perspective. It reveals not only a list of main influencing factors of project VFM, but also interrelationship between these factors.
McCord, M, Davis, P T, Haran, M, McGreal, S and McIlhatton, D (2012) Spatial variation as a determinant of house price: Incorporating a geographically weighted regression approach within the Belfast housing market. Journal of Financial Management of Property and Construction, 17(01), 49-72.