- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 25 Jan 2019
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
Featured articles and news
Do you understand the different types of stone and which ones you should use where?
An ECA briefing for members about the commercial implications of leaving the EU.
A crucial moment on any project - and fraught with danger.
The performance gap from a Northern Ireland perspective.
Book review: Buildings of protestant nonconformity.
Design and testing for health and wellbeing - free download from BRE.
Retention in construction contracts.
Campaign for the reform of cash retentions.
The key points for the construction industry and BSRIA's response.
How to make roads safer: the debate continues.
What does the Northern Powerhouse mean for us?
The different types of bond in construction contracts.