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| Author: | Froud, J. |
| Title: | The Private Finance Initiative: risk, uncertainty and the state |
| Journal: | Accounting, Organizations and Society
2003 : AUG, VOL. 28:6, p. 567-589 |
| Index terms: | Public sector Service Management Risk Uncertainty Contracts United Kingdom |
| Language: | eng |
| Abstract: | This paper analyses the UK's Private Finance Initiative (PFI) at a conceptual level by focusing on the management of risk, which is central to the justification for the policy and its application across the public services, and uncertainty underlying the role of the state. The paper argues that the rhetorical support for PFI rests on a conflation of risk and uncertainty and that PFI leads to contractual arrangements that are inappropriate for the provision of public services over the medium term. |
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