Private sector
The ‘private sector’ is the section of the national economy that is run by private individuals and businesses, usually as a means of enterprise for profit. It is distinguished from the ‘public sector’ which is run and controlled by the state, and from the ‘voluntary sector’ which is run by charities and non-profit organisations.
Although states do not control the private sector, they do produce legislation that regulates their practices and operation, set standards they are expected meet and develop policies that affect the business environment.
In the UK, approximately three-quarters of construction output is private sector and a quarter is public sector.
There have been several policy initiatives designed to encourage private sector involvement in large-scale public projects, such as the now-abandoned Private finance initiative (PFI), and Public Private Partnerships (PPPs). PPPs were first developed in the 1990s in the belief that private sector companies might be more efficient at providing certain services than public authorities and so could deliver better value for money for taxpayers.
[edit] Related articles on Designing Buildings Wiki
- Build lease transfer BLT.
- Business models in construction.
- Complex project.
- Construction organisations and strategy.
- Corporate finance.
- Design construct manage finance DCMF.
- Private rented sector PRS.
- Project-based funding.
- Property development finance.
- Public body.
- Public sector.
- Types of construction organisations.
- UK construction industry.
Featured articles and news
Listed despite problems with its design.
Zen and the art of cycling exploration.
Design Council Homes Taskforce launched
To support government 1.5 million homes target within UK climate commitments.
The story of this knowledge quarter building.
In ecology, in hydrology, in biology and in architecture.
Creating environments that promote physical, mental, and social well-being.
UK cases of neutral current diversion
Research project looks for example contributions.
Overstocking and macro-economics cause a decline.
The 2024 update of the Common Assessment Standard
Demonstrating organisational capability’ to fulfil roles under the Building Safety Act.
56 recommendations for a better built environment
Published by the CIC ahead of the King’s Speech.
SkillELECTRIC Top 8 Competitors Named
in annual search for the UK’s best student electrician.
CIOB Diversity and Inclusion technical information sheet
Step-by-step guide on implementing D and I practices.
Conservation and the Indian City. Book review.
Reversibility in conservation ethics
Learning from painting conservation.
Where It's AT Podcast launched!
New CIAT Architectural Technology Podcast goes live.