- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 04 Jan 2021
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.
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.
 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
Smart motorway strategies.
Actuate UK urges change of deadline to at least December 2022.
Study shows harmful impact of late payments on SME personnel.
Upcoming changes to the commercial supply and purchase of chemicals.
CLC introduces card for learners.
CIOB members recognised for public procurement.
Experts discuss the complex issues damaging the supply chain.
The co-founder of Get Kids into Survey discusses career paths for kids.
Report examines lack of detail in the Government's vision.
Our director Gregor Harvie hosts 4 webinars at the IHBC marketplace on Friday.
Look up construction terms on any website direct from your browser.
The revival of the public sphere in Toronto.
The story behind the copycat architecture craze.
Insight into construction materials supply and demand issues.