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Informationen zum Autor Akintola Akintoye, Professor of Construction Economics and Management and Head of School, School of Built and Natural Environment, University of Central Lancashire, Preston, UK Matthias Beck, Professor of Public Sector Management, The York Management School, University of York, UK Klappentext Innovation in the Built Environment This book examines some of the key policy, financial and managerial aspects of public-private partnerships within the context of the global spread of this form of procurement. The chapters investigate political and institutional issues surrounding PPPs, together with the financial and managerial strategies employed by the private sector. Adopting a cross-disciplinary perspective, the book highlights the often politically sensitive nature of these projects and identifies a need for the private sector to investigate a broad set of parameters which relate to the particular political economy of individual partnerships. Policy, Finance & Management for Public-Private Partnerships covers a range of specific issues, including: partnerships in developing countries; innovation in partnership-based procurement; government and business interaction; institutional and organisational approaches to facilitating partnership; project and corporate financing; risk and value management; market analysis, modelling and forecasting; capital structure decisions and management; investment theory and practice; pricing and cost evaluation; statutory regulations and their financial implications; option pricing; financial monitoring; syndicate funding; new roles for the financial and insurance sectors; institutional and multilateral funding; payment mechanisms; concession period determination; risk analysis and management; whole life value methodology; cost comparators and best value; team building, team work and skill development. Contributions from Australia, Europe, the Far East, South Africa and the United States together present the current thinking and state-of-the-art approaches to public-private partnerships. Zusammenfassung This book examines some of the key policy! financial and managerial aspects of public-private partnerships within the context of the global spread of this form of procurement. The chapters investigate political and institutional issues surrounding PPPs! together with the financial and managerial strategies employed by the private sector. Inhaltsverzeichnis Foreword xi Contributors xiii Acknowledgements xxiii Introduction xxv Part One PPP Policy 1 Chapter 1 Private Finance Initiative in Use 3 Ezekiel Chinyio and Rod Gameson 1.1 Introduction 3 1.2 The Private Finance Initiative 4 1.3 UK Government's Influence on the Use of PFI 5 1.4 Private Sector Tasks in PFI 6 1.5 Establishing PFI Contracts 6 1.6 Forms of Finance Used in PFI 8 1.7 Performance of PFI Schemes - A Theoretical Perspective 10 1.8 Improving the Performance of PFI 14 1.9 Performance of PFI Schemes - An Empirical Review 14 1.10 A Generic Overview of PFI Schemes 19 1.11 Comparative Studies 20 1.12 Conclusion 20 Chapter 2 Using the Private Sector to Finance Capital Expenditure: The Financial Realities 27 Jean Shaoul 2.1 Introduction 27 2.2 The Control of PFI 30 2.3 Post-implementation Evaluation of PFI 34 2.4 Conclusion 42 Chapter 3 Obstacles to Accountability in PFI Projects 47 Darinka Asenova and Matthias Beck 3.1 Introduction 47 3.2 Finance Capital and Institutional Decision Making 51 3.3 Conclusion 61 Chapter 4 Refinancingand Profitability of UK PFI Projects 64 Steven Toms, Darinka Asenova and Matthias Beck 4.1 Introduction 64 4.2 PF...
