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Incomplete contract in private finance initiative (PFI)contracts: causes, implications and strategies

Mansor, Nur Syaimasyaza and Abdul Rashid, Khairuddin (2015) Incomplete contract in private finance initiative (PFI)contracts: causes, implications and strategies. In: ASEAN-Turkey ASLI Conference on Quality of Life 2015, 25-27 April 2015, Jakarta Indonesia. (In Press)

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Abstract

An incomplete contract is a contract that fails to state all the parties’ rights and obligations, has gaps, missing provisions, and ambiguities in its terms and conditions. In theory, complete contracts cannot be achieved, and many contracts inevitably remained incomplete. This also applies to Private Finance Initiative (PFI) contracts. Human factors play an important role in determining the completeness of a contract. In the context of PFI contracts, this paper presents a critical review of incomplete contract, its causes, implications, and strategies.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 5137/48716 Procedia - Social and Behavioral Sciences
Uncontrolled Keywords: construction; incomplete contract;infrastructure; Public-Private Partnership (PPP);Private Finance Initiative (PFI)
Subjects: H Social Sciences > HJ Public Finance > HJ2005 Income and expenditure. The budget
H Social Sciences > HJ Public Finance > HJ7451 Expenditures. Government spending
H Social Sciences > HJ Public Finance > HJ8003 Public credit. Debts. Loans. Claims
T Technology > T Technology (General) > T10.5 Communication of technical information
T Technology > TA Engineering (General). Civil engineering (General) > TA190 Management of engineering works
T Technology > TH Building construction > TH1000 Systems of building construction
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Architecture and Environmental Design > Department of Quantity Surveying
Depositing User: Professor Khairuddin Abdul Rashid
Date Deposited: 27 Jan 2016 07:53
Last Modified: 27 Jan 2016 07:53
URI: http://irep.iium.edu.my/id/eprint/48716

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