Partnering,PPP,PFI in construction

... University of Glamorgan School of Technology BSc (Hons) Construction Management Module: Construction Management Assignment Title; Partnering, reasons for its introduction CONTENT Page No. * Introduction........................................................ 3. * Partnering......................................................... 4. * Partnering in practice........................................... 4. Advantages................................................................ 5. Disadvantages............................................. 5. * Public Private Partnerships..................................... 7. * Private Finance Initiative....................................... 8. * P.F.I. & P.P.P. in practice...................................... 9. Advantages................................................ 10. Disadvantages............................................. 11. * Successful Partnering P.P.P.& P.F.I. projects ............... 12. * Conclusion........................................................ 14. * Bibliography...................................................... 15. Introduction The following report gives a brief description of Partnering, P.P.P. & P.F.I. and sets out the advantages and disadvantages they each offer and how successful these approaches have been. During the 1990s the Latham and Egan reports, "Building the Team" and "Rethinking Construction" identified the inefficiency inherent in an adversarial Construction Industry. In particular "Rethinking construction" set a challenge for change and improvement. Clients, designers and contractors have taken up the gauntlet and developed different types of business relationships. Notable among these is 'partnering'. Under this type of arrangement parties to a contract work towards agreed goals which will benefit all concerned. There is overwhelming evidence that the traditional approach to construction procurement fails

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