Dispute Management in Private Finance Initiative Projects – UK experience

The UK construction industry is renowned for being adversarial in nature. Lawyers are making more profits
from the rising number of disputes. There are different categories of disputes and they may be classified into legal disputes
and disputes which lack legal justification. Comprehensive approaches are needed to avoid and resolve them. Hence, disputes
may also be defined through the techniques used to resolve them, which may be binding, or non-binding. This paper focuses
on the management of disputes in Private Finance Initiative (PFI) projects which is a long term contract with various parties
involved and each of them has different objectives in changeable business and economical environments. PFI as a
procurement system is a UK development of Build Operate Transfer (BOT). A review of PFI and its contracts, potential dispute
areas, and the best ways to deal with such disputes in order to avoid them or to minimise its cost and time consumption was
conducted and analysed. This paper concludes with advices that may help in managing disputes in PFI projects

 

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Added date : Fri 24 Sep 2021 Views : 702 watch

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