Since the early 1990s, the Private Finance Initiative (PFI) has been a popular approach to procuring public buildings and infrastructure in the UK. However, it has been criticized for being inflexible, offering poor value for money and having inequitable risk and profit sharing mechanisms.
Through a literature review, incorporating academic, government and industry research, evaluate the use of PFI as an effective public procurement strategy and make recommendations to the government regarding its future public procurement requirements.
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