The PFI Sustainability Evaluation Tool: A methodology for evaluating of sustainability within PFI housing projects

Hope, Alex, Rose, Joanne and O'Brien, Geoff (2012) The PFI Sustainability Evaluation Tool: A methodology for evaluating of sustainability within PFI housing projects. Sustainability & Economics eJournal, 1 (48).

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Abstract

In the UK there is a need to provide more housing in order to meet increased demand. The problem is particularly acute in the social housing sector. There is also a drive to reduce CO2 emissions from housing, whilst addressing issues of social sustainability. Accordingly governments have sought to combine the goals of sustainable development with housing policy in order to provide not just more housing, but more sustainable housing. In a time of public sector expenditure restraint the Private Finance Initiative (PFI) has been used as a means to procure social housing using private money, however sustainability within PFI housing projects has received little attention. This paper introduces a methodology for evaluating sustainability within PFI bids. Developed and tested during the procurement stage of a large PFI housing project in the North East of England, results suggest that the introduction of clear, transparent and robust evaluation criteria can enhance sustainability.

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