Critical success factors for PPP/PFI projects in the UK construction industry: a factor analysis approach

Public Private Partnerships (PPPs) are increasingly used in the United Kingdom’s public facilities and services provision, through the Private Finance Initiative (PFI). Despite some casualties, many successful PPP/PFI projects have been undertaken. Questionnaire survey research examined the relative importance of eighteen critical success factors (CSF) for PPP/PFI in UK construction projects. Factor analysis revealed that appropriate factor groupings for eighteen CSFs in construction PPP/PFI projects are: effective procurement, project implementability, government guarantee, favourable economic conditions and available financial market. These findings should influence policy development towards PPPs and the manner in which partners go about the development of PFI projects.

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