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The Journal of Structured Finance

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Primary Article

PFI/DBFO

Roads to the Future? Do these Schemes Present Value for Money?

David Eaton and Charmaine O'Connor
The Journal of Structured Finance Winter 2002, 7 (4) 50-67; DOI: https://doi.org/10.3905/jsf.2002.320266
David Eaton
Director of the Centre for Risk Management Research, School of Construction & Property Management at the University of Salford in the United Kingdom.
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  • For correspondence: d.eaton@salford.ac.uk
Charmaine O'Connor
With the Centre for Risk Management Research, School of Construction & Property Management at the University of Salford in the United Kingdom.
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Abstract

This article presents an in-depth analysis of the Private Finance Initiative (PFI) procurement system for the construction of major highway works in the United Kingdom under the principles of design, build, finance, and operate (DBFO). This purpose of the article is to determine whether PFI/DBFO is a successful procurement route in providing value for Money (VfM) for the development of major highway works. Thereafter, by careful analysis of the results of the research, the future of major highways work under PFI/DBFO forms of procurement can be predicted along with any relevant recommendations for further research, in order to improve the performance of PFI/DBFO VfM systems.

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The Journal of Structured Finance
Vol. 7, Issue 4
Winter 2002
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PFI/DBFO
David Eaton, Charmaine O'Connor
The Journal of Structured Finance Jan 2002, 7 (4) 50-67; DOI: 10.3905/jsf.2002.320266

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PFI/DBFO
David Eaton, Charmaine O'Connor
The Journal of Structured Finance Jan 2002, 7 (4) 50-67; DOI: 10.3905/jsf.2002.320266
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