A knowledge transfer framework: The PFI context

The UK's Private Finance Initiative market is predicted to rise to over 8 billion a year and there are indications of growing opportunities. PFI creates a long-term income stream and provides valuable opportunities for portfolio diversification. PFI has evolved at a fast pace and the momentum is set to continue. However, there are major challenges facing construction organisations. These include the lack of PFI experts, longer negotiation periods and tight time schedules to deliver large-scale schemes, high levels of investment and risks involved and limited knowledge transfer between PFI projects. Concerns over the level of knowledge sharing have prompted the development and evaluation of a Knowledge Transfer Framework that encourages construction organisations to transfer PFI knowledge between projects. It achieves this by building on a questionnaire survey of PFI clients and construction companies, case studies of companies involved in PFI, and research workshops to validate the framework developed.