Download or read book PFI in housing written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2010-06-25 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report, from the National Audit Office (HCP 71, session 2010-11, ISBN 9780102965285), looks at PFI in Housing. The use of PFI by local authorities to improve housing, usually in areas with a high need for housing and where the stock condition is particularly poor, has had a measure of success, but risks to value for money of the programme have not been managed. In the context of this programme, PFI has been a flexible and useful funding route for local authorities to improve existing housing and build new stock. However, the majority of projects required significant increases in central funding prior to contract signature and all have suffered delays. Twenty one of the 25 projects which have been signed to date have experienced cost increases, with 12 of these over 100 per cent. All signed projects, for which the NAO was able to obtain data, were delayed, on average by 2 years and 6 months. For early projects this was partly because PFI was new to the housing sector and the Department for Communities and Local Government had to develop its understanding of stock condition issues. Also, the Department's management for early projects was also weak and under-resourced. While the capital cost of PFI housing projects is similar to other developments, the Department's evaluation to date has not taken account of the full costs. Procurement also tends to take more time, which can increase procurement and tender costs for local authorities and bidders.
Download or read book PFI in housing and hospitals written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-01-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Department of Health and the Department for Communities and Local Government (the Departments) are responsible for sizeable portfolios of PFI projects covering hospitals and social housing. By April 2009 there were 76 operational PFI hospitals in England and over 13,000 homes had been built or refurbished through PFI. The letting of contracts and the responsibility for managing them is devolved to NHS Trusts and local authorities. The Departments are responsible for overseeing their PFI programmes and reporting to the public and Parliament on value for money. The Committee can find no clear and explicit justification and evaluation for the use of PFI in terms of its value for money. In many cases local authorities and Trusts chose the PFI route because the Departments offered no realistic funding alternative. Other concerns are central government's failure to use the market leverage that comes from overseeing multiple contracts, and the lack of robust central data to support effective programme management. It is clear that the implementation of PFI projects could be improved. Many PFI housing procurements have taken very much longer, and cost a great deal more, than originally planned. On hospitals, most are receiving the services expected at the point contracts were signed and are generally being well managed. There are, however, wide and unexplained variations in the cost of hospital support services, such as cleaning, catering and portering. Departments are not using their own buying power to leverage gains for the taxpayer.
Download or read book The Applicability of Housing PFI in Developing Countries written by and published by . This book was released on 2010 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Housing Private Finance Intiative PFI written by and published by . This book was released on 2002 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Good Practice Guide for Housing PFI written by Housing Corporation and published by . This book was released on 2005 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effective Contract Structures and Value for Money in PFI Social Housing Projects written by Hagir Hakim and published by . This book was released on 2011 with total page 594 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Housing Design written by United States. Federal Public Housing Authority. National Housing Agency and published by . This book was released on 1946 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Private Finance Initiative for Housing Revenue Account written by Great Britain. Office of the Deputy Prime Minister and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Greener Homes for the Future written by Alex Hope and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The United Kingdom is committed to cutting greenhouse gas emissions by 80 percent by 2050 as part of a strategy to mitigate climate change. As housing is responsible for approximately 26 percent of all UK carbon emissions, housing carbon reduction is a key component in meeting this target. Local Authorities are faced with the problem of how to improve the quality of existing housing stock, provide additional social housing to meet increasing demand, and cutting emissions from both new and existing housing stock. The Private Finance Initiative (PFI) is being used as a means to deliver new and refurbished social housing using private, rather than public capital, and is expected to enable the delivery of sustainable, rented homes. However there have been concerns about the use of the PFI model to deliver public sector housing which meet sustainability goals. The overall aim of this thesis is to examine whether the UK's Public Finance Initiative (PFI) can achieve the procurement of sustainable social housing. In order to address this aim, the study considers the technical and contextual issues that affect sustainability in PFI housing projects, focussing specifically on one such project in the North East of England. With regard to the technical issues, the research introduces a methodological tool that has been developed to assess the sustainability of PFI housing projects. It is envisioned that the tool will be useful for assessing the sustainability of other housing projects procured under a public private partnership arrangement. The contextual issues are examined by means of an ethnographic study carried out from within North Tyneside Councils PFI procurement team over a period of 2 years. The results of the study suggest that the PFI procurement model can be used to deliver sustainable housing, but is currently hampered by a lack of skills, knowledge and understanding. These problems are particularly acute at the project management and governance level within the procuring local authority. The study identifies the need for clear guidance on incorporating sustainability into the procurement of PFI projects. It also recommends the use of appropriate tools to assess the sustainability of plans and build capacity within local authority procurement teams.
Download or read book The Future of Public Housing written by Jie Chen and published by Springer Science & Business Media. This book was released on 2013-12-26 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public housing was once an important strand in western housing policies, but is seldom seen as a mainstream policy instrument for the future. In contrast, in many East Asian countries large public housing programs are underway. Behind these generalizations, there are exceptions, too. By including perspectives of scholars from across the world, this book provides new insights into public housing in its various forms. It contains in-depth chapters on public housing in five East Asian countries and six Western countries, together with three comparative overview chapters.
Download or read book Safe as houses written by Stuart Hodkinson and published by Manchester University Press. This book was released on 2019-03-14 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the tragedy of the Grenfell tower fire has slowly revealed a shadowy background of outsourcing, private finance initiatives and a council turning a blind eye to health and safety concerns, many questions need answers. Stuart Hodkinson has those answers. He has worked for the last decade with residents groups in council regeneration projects across London. As residents have been shifted out of 60s and 70s social housing to make way for higher rent paying newcomers, they have been promised a higher quality of housing. Councils have passed the responsibility for this housing to private consortia who amazingly have been allowed to self-regulate on quality and safety. Residents have been ignored for years on this and only now are we hearing the truth. Stuart will weave together his research on PFIs, regulation and resident action to tell the whole story of how Grenfell happened and how this could easily have happened in multiple locations across the country.
Download or read book Developing Property Sustainably written by Sara J. Wilkinson and published by Routledge. This book was released on 2015-06-05 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developing Property Sustainably introduces readers to the key issues surrounding sustainable property development in the global marketplace. Pulling together received wisdom and original research, the authors provide a clear and practical overview of the sustainable property development process as well as a critical appraisal of the problems faced by global built environment stakeholders. Throughout, the authors demonstrate how the property development industry could and should respond better to debate on sustainable practices in the built environment by adopting more rigorous measurement techniques and sustainable approaches. Starting by exploring key definitions and stakeholders, the book goes on to explore finance, planning, construction, procurement, occupation, retrofit and lifecycle sustainability in order to provide the reader with a detailed understanding of all the issues involved in the delivery of sustainable property development from inception to occupation and beyond. Throughout the book, international case studies are used to demonstrate how sustainable property development is applied in practice around the world. With a logical chapter structure and accessible writing style, Developing Property Sustainably would be perfect for use on undergraduate and postgraduate modules and courses in real estate development, property and urban development and other built environment programmes.
Download or read book Management of Privatised Housing written by Vincent Gruis and published by John Wiley & Sons. This book was released on 2009-11-09 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The sale of public and social housing has been a major aspect of housing policies in recent decades. Privatisation and a general retreat by governments from the housing arena have pushed up sales; this has been particularly evident within Eastern European countries and China but is also taking place in many Western European countries and Australia. Wherever it occurs, such privatisation has lead to new challenges for housing management. Many estates are now a mix of public and private, raising questions about the division of responsibilities between different owners. Legislation to address this is not adequate and public managers are still hampered by the bureaucratic mechanisms within their organisations, while the new owners are not used to their responsibilities for maintenance. Added to this are the limited financial resources for renewal and maintenance among both public and private owners at a time when the need for investments is urgent, especially within the massive housing estates dating from the communist era. Experts from Australia, France, the Netherlands, UK, Switzerland, China, the Czech Republic, Moldavia, Russia, Serbia and Slovenia present their county's context and the policies and practice for managing privatised housing, together with case studies illustrating the issues described. How privatised public housing is managed is of international concern, which will benefit from an international exchange of knowledge and best practice. The comparative analysis offered in Management of Privatised Housing: International Policies & Practice makes a significant contribution to the literature on this important topic.
Download or read book FPHA Requirements for Urban Low rent Housing and Slum Clearance written by United States. Federal Public Housing Authority and published by . This book was released on 1945 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics and Property written by Danny Myers and published by Taylor & Francis. This book was released on 2018-12-07 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: a clear and easy-to-read introduction to any property economics module in a degree leading to a profession in real estate, surveying, construction and other related built environment fields Full colour figures and packed with features such as: glossary, chapter objectives and summaries, glossary, case studies, tutorial readings
Download or read book In Place of Austerity Reconstructing the economy state and public services written by Dexter Whitfield and published by Spokesman Books. This book was released on 2012 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Lessons from PFI and other projects written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-09 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are legitimate concerns being expressed about the continuing financial cost of PFI for public organisations such as NHS Trusts. The Committee believes that some of the Government's case for using PFI has not been based on robust analysis, but on ill-founded comparisons and invalid assumptions. The costs and benefits identified in business cases need to be revisited after contracts are signed and periodically thereafter, to inform future procurement decisions. In particular, the Committee's view is that the Government should revisit the tax assumptions it builds into the cost and benefit case for PFI. Taxpayers could get a much better deal from PFI, and the taxpayer's position is also made worse by poor transparency of investor and contract information alongside patchy public sector commercial skills. The Treasury and departments should make full use of existing contractual rights of access and further investor information to increase transparency and find ways for taxpayers to get a share of the profits made by PFI contractors. At present, PFI deals look better value for the private sector than for the taxpayer. Private sector funds have built up portfolios of PFI projects from the large market that government has created, benefiting from potential economies of scale without any obligation to share such volume gains. Government, in contrast, has a fragmented approach and is not making use of its bulk buying power. The Treasury is seeking further efficiency savings, but achieving any savings on existing contracts will depend on voluntary agreements with investors and suppliers.
