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- W1507943651 abstract "The emergence of Private Finance Initiative (PFI) in the 1990s has been described as the largest cultural change for decades in the way the public sector operates. projects distinguish themselves from traditional methods of public purchasing by their commercial complexity and long contractual term. Most of these projects have to be delivered within the regulatory framework of public procurement which has remained largely unchanged since the 1970s.The overall objective of the study has been to gain a complete picture of practice in the light of the apparent divergence between the law and commercial requirements. It was aimed to investigate whether this divergence has brought about a PFI procurement If so, it was aimed to examine the reasons for the emergence of the practice and whether it deviated from procurement law.To achieve these objectives, practice was approached from an outsider and insider perspective. The perspective of insiders was gained by conducting a qualitative empirical study based on interviewing experts. The outsider perspective was derived from legal analysis backed up by relevant material provided by interviewees.The main conclusion of the study is that legal practitioners have adopted solutions in different projects largely resembling each other. The resemblance justifies referring to them as procurement practice. This, practice was found to be not always in compliance with a literal interpretation of procurement law.Factors driving the divergence between law and practice include the perception of practitioners that strict compliance disproportionately hampers the commercially oriented procurement practice. In addition, H. M. Treasury has increased the divergence by publishing guidance notes on procurement which disregard procurement law in many respects. A further reason for the divergence is that private sector bidders have abstained from enforcing procurement law in the courts. In so doing, they have significantly reduced the risk of challenges for authorities developing procurement practice." @default.
- W1507943651 created "2016-06-24" @default.
- W1507943651 creator A5061070045 @default.
- W1507943651 date "2001-01-01" @default.
- W1507943651 modified "2023-09-27" @default.
- W1507943651 title "The practical impact of E.U. public procurement law on PFI procurement practice in the United Kingdom" @default.
- W1507943651 hasPublicationYear "2001" @default.
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