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首页> 外文期刊>Advanced Science Letters >Incomplete Contract in Private Finance Initiative (PFI): A Modified Delphi Study
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Incomplete Contract in Private Finance Initiative (PFI): A Modified Delphi Study

机译：私人金融倡议的不完整合同（PFI）：改进的德尔福研究

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Incomplete contract (IC) is a contract that fails to state all the parties’ rights and obligations, has gaps and ambiguities in its terms and conditions. Literature had discussed the reasons of IC are due to long duration of the contract, high risk and uncertainty, high transactioncost, bounded rationality, and others. Private Finance Initiative (PFI) contracts are also inevitably incomplete. PFI involves the private sector to finance, design, construct, operate and maintain the asset through 20–30 years concession period. It is almost impossible for the partiesto specify all potential contingencies that might occur throughout the contract period. IC could provide the necessary flexibility in the contract to deal with uncertainty. Nonetheless, it can cause inefficiencies and costs, hold-up problem, and others. This paper aims to investigate the presenceof IC in PFI contract in Malaysia through a two-round modified Delphi method. 12 clauses are identified as incomplete through literature review and content analysis, and it became the basis of the semi-structured questionnaire for the modified Delphi study. Statistical descriptive analysiswas used to analyze the data and the results found that 12 clauses were considered incomplete.
机译：不完整的合同（IC）是一项未能陈​​述所有当事人权利和义务的合同，其条款和条件具有差距和歧义。文学已经讨论了IC的原因是由于合同持续时间，高风险和不确定性，高度交易所，有界合理性和其他人。私人财务倡议（PFI）合同也不可避免地不完整。 PFI涉及私营部门，通过20-30岁的特许期限进行金融，设计，构建，经营和维护资产。秘友几乎不可能指定在整个合同期间可能发生的所有可能发生的潜在违规行为。 IC可以提供合同中必要的灵活性来处理不确定性。尽管如此，它可能导致效率低下和成本，保持问题和其他人。本文旨在通过双轮修饰的德尔福方法在马来西亚探讨ICI中的IC。 12条款通过文献综述和内容分析确定为不完整，并成为修改的Delphi研究的半结构化问卷的基础。用于分析数据的统计描述性分析以及结果发现12个子句被认为是不完整的。

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