Developments in the public-private partnership funding of Scottish schools
Journal of Applied Accounting Research, 2008, vol. 9, issue 2, 112-125
Purpose - The purpose of this paper is to explore the development of the public finance initiative (PFI) in a £2 billion investment to build new schools in Scotland in order to understand how the PFI negotiation process is evolving as the public and private sectors' experiences of PFI grows. Design/methodology/approach - Semi-structured interviews were conducted with officials from three different Scottish councils. Further insight was gained from attendance at a Scottish conference where presentations were made on the PFI process in building schools. Findings - Council officials' handling of PFI processes has improved over time with more assistance being available to aid project organisers. However, the process continues to be very lengthy with significant sums being spent on professional advice. The balance sheet treatment of PFI transactions remains a crucial consideration. Originality/value - This paper assesses recent developments in PFI schools' building projects in Scotland and provides some insight into areas where previously reported difficulties have been resolved and where problems continue to exist.
Keywords: Scotland; Partnership; Schools; Construction works; Public sector organizations; Capital projects (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.emeraldinsight.com/10.1108/096754208109 ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eme:jaarpp:v:9:y:2008:i:2:p:112-125
Ordering information: This journal article can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
http://emeraldgroupp ... journals.htm?id=jaar
Access Statistics for this article
Journal of Applied Accounting Research is currently edited by Julia Mundy
More articles in Journal of Applied Accounting Research from Emerald Group Publishing
Series data maintained by Virginia Chapman ().