Risk Management in Private Finance Initiative Projects: RISK MANAGEMENT IN PRIVATE FINANCE INITIATIVE PROJECTS: THE ROLE OF FINANCIAL SERVICES PROVIDERS - Softcover

Asenova, Darinka

Softcover

ISBN 10: 3838327225 ISBN 13: 9783838327228

Verlag: LAP Lambert Academic Publishing, 2009

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Reseña del editor:

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.

Über diese Auflage

• Verlag: LAP Lambert Academic Publishing
• Erscheinungsdatum: 2009
• ISBN 10: 3838327225
• ISBN 13: 9783838327228
• Einband: Tapa blanda
• Anzahl der Seiten: 240