Learning through Partnership: Private Finance and Managementin the Delivery of Services for London
Jon Wakeford, Jo Valentine
Abstract
Jon Wakeford, Jo Valentine
Abstract
This article looks at the attractiveness of the Private Finance Initiative (PFI) and Public-Private Partnerships (PPPs) to the private sector. One of the authors works for Jarvis plc—the company has been a major participant in PFI projects and, more recently, in various PPPs in London and across the UK. The article aims to identify a realistic model of the role of the private sector in PPPs. The authors use three case studies from London to recommend ways of improving the partnership element of PPPs in order to reach a ‘win-win’ situation, rather than the traditional adversarial approach between private and public sectors.
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This article looks at the attractiveness of the Private Finance Initiative (PFI) and Public-Private Partnerships (PPPs) to the private sector. One of the authors works for Jarvis plc—the company has been a major participant in PFI projects and, more recently, in various PPPs in London and across the UK. The article aims to identify a realistic model of the role of the private sector in PPPs. The authors use three case studies from London to recommend ways of improving the partnership element of PPPs in order to reach a ‘win-win’ situation, rather than the traditional adversarial approach between private and public sectors.
Key concepts: Private finance initiative, Public–private partnership, General partnership, Private sector, Finance, Order (exchange), Attractiveness, Business