Private finance initiative (PFI): concept and method of procurement for construction projects

In 2006 Malaysia embarked on using Private Finance Initiative or (FPI) as one of the methods to procure public building and infrastructure development projects. Procurement under PFI is significantly different from the conventional approach and there is a growing body of literature on the subject of PFI. In the context of Malaysia, most of the literature is not necessarily applicable and valid at all times. This book examines the concept of PFI and its methods of procurement for construction projects. It is primarily aimed to benefit construction students and researchers. But key PFI stakeholders – policy-makers, professionals and students (in design, costing, construction, legal, accounting, banking and finance, insurance, estate and facilities managers, civil servants, etc), NGOs and the public as end-users – are also expected to benefits from this book in terms of understanding how PFI projects are procured in general and in particular on how projects are procured under the Malaysian PFI