MODELLING THE DRIVERS FOR PUBLIC-PRIVATE PARTNERSHIPS (PPP) PROVISION OF UNITED KINGDOM (UK) SOCIAL INFRASTRUCTURE

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Abstract

As the devolved governments of the United Kingdom (UK) continue to develop innovations of Public-Private Partnerships (PPP) for social infrastructure provision, this research produces a PPP drivers model for partnership-based procurement in the UK. Whilst the UK has provided much of the best-practice policy foundations globally, there has been extensive criticism for delivering poor Value for Money (VfM). On the back of such criticism, the regional UK governments have committed to cross-sector partnering resulting in reform of the previous Private Finance Initiative (PFI) and subsequent replacement with several nuances designed to function across UK jurisdictional markets. Accordingly, the purpose of this research is to investigate the drivers of PPP which support these frameworks as a credible mechanism for future social infrastructure provision. Following an extensive interrogation of existing scholastic literature, the research identified three themes comprising 20 key drivers for further scrutiny and empirical investigation. Building on previous research by McErlane et al. (2016), the research employed survey questionnaire research to sample key PPP stakeholder organisations. From a sample of 73 PPP stakeholders, the research utilised Confirmatory Factor Analysis (CFA) to assess the hypothesis from literature and distil the key constructs in order to develop the PPP drivers model. The findings confirmed that PPP drivers model comprises three key components, specifically: 'improved productivity and efficiencies', 'financial mechanism and the associated benefits of private finance' and 'wider efficiencies offered to governments'. Given the UK status in terms of global practice, these findings make a valuable contribution both domestically and internationally. Moreover, as private-sector participation in infrastructure provision continues to gather momentum in the current socio-economic climate, the research offers much-needed clarity around strategic project commonalities for improved collaborative partnering.
Original languageEnglish
Publication statusPublished - 3 Sep 2018
EventAssociation of Researchers in Construction Management: THIRTY-FOURTH ANNUAL CONFERENCE 2018 - Belfast, Northern Ireland
Duration: 3 Sep 20185 Sep 2018
http://www.arcom.ac.uk/-docs/archive/2018-Indexed-Papers.pdf

Conference

ConferenceAssociation of Researchers in Construction Management
Abbreviated titleARCOM
CountryNorthern Ireland
CityBelfast
Period3/09/185/09/18
Internet address

Keywords

  • Public-Private Partnerships (PPP), Principal Components Analysis, PPP drivers
  • PPP drivers
  • social infrastructure provision

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    McClements, S., Haran, M., McCord, J., & McErlane, A. (2018). MODELLING THE DRIVERS FOR PUBLIC-PRIVATE PARTNERSHIPS (PPP) PROVISION OF UNITED KINGDOM (UK) SOCIAL INFRASTRUCTURE. Paper presented at Association of Researchers in Construction Management, Belfast, Northern Ireland.