Very few construction professionals would be able to define procurement and yet the ability to successfully procure built assets is at the heart of the construction process and, in turn, at the heart of the procurement process is assessment and management of risk. Better procurement requires a new approach to risk. The key issue is not how risk should be allocated but how it should be managed. This book shows how the trade-offs between risk and reward should be assessed, and offers strategies for dealing with what could go wrong and avoiding the culture of blame. Case studies and real-life...

Collaborative working and partnering between the public and private sectors has been fairly standard practice in some form or other for over 100 years, but it is only in recent years that it has become more prevalent. In the UK, it is little more than ten years since the most widely known Public Private Partnership (PPP), the Private Finance Initiative (PFI), was launched and yet it has already been described by some as 'the new economic paradigm.'

Public Private Partnerships in Construction is an authoritative and objective source of information on PPPs, including lessons...