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Risk Management in Private Finance Initiative Projects

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

Over the last decade, the Private Finance Initiative (PFI) has become preferred government option for the provision of different services to the public. In PFI procurement, private companies take on the obligation to build and manage a facility but provide only a small fraction of the project''s capital requirements. Despite the considerable amount of attention to various PFI related issues, little research has been conducted on the risk management practices of the financial institutions in PFI procurement. This book presents an exploratory study of the risk management strategies of financiers in PFI projects. The study analyses fourteen elite interviews with senior managers from financial companies and four detailed case studies which focus specifically on project risks and risk management strategies. The research concludes that virtually all financiers utilise fairly standardised and systematic risk management approaches, which centre on contractual risk mitigation, and a transfer of project risks to relevant parties. The market conditions post 2007-09 credit crunch present all PFI participants, including the financiers with new challenges and risks.

Product Specifications
SKU :COC31729
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
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