GW Work

The Private Finance Initiative is an innovative public-private partnership first pioneered in the United Kingdom. The initiative's goal is to obtain higher quality public services at a lower cost to the public by engaging the private sector. The program relies on private financing and expertise, output-based contract specifications, performance-based payment mechanisms, and negotiated risk transfers to achieve this goal. This article discusses the initiative's successes and failures using Her Majesty's Prison Service as a case study. The article finds that, while the program has limitations, the evidence of its successes suggests that American administrators should consider it as a procurement tool for public services in the United States.

Author

• Head, Jordan
• Gabriel, Seth

Identifier

• Volume 13

DOI

•  https://doi.org/10.4079/pp.v13i1.4142

Keyword

• Policy Perspectives
• Public Administration

Date created

• 2006

Type of Work

• Article

Rights statement

• In Copyright

GW Unit

• Trachtenberg School of Public Policy & Public Administration

Persistent URL

•  https://scholarspace.library.gwu.edu/work/mw22v616b

License

• All rights reserved

Relationships

In Collection:

• Policy Perspectives

Items

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