Probabilistic Pre-requisites Contributing to Successful Housing Association Partnering

The necessity to achieve value for money (VFM) has been paramount during the current economic climate, with reductions in investment inducing Housing Associations (HAs) to minimise waste and pursue the maximisation of value.Differing characteristics between HAs and private sector clients have a bearing on the pre-requisites associated with a successful partnering outcome.The purpose of this paper is to assist HAs maximise VFM by increasing the likelihood of a successful partnering outcome through gaining an understanding of the most important pre-requisites to be implemented into the arrangement from a HA perspective.A quantitative analysis was adopted to identify the level of importance placed by HA on the probabilistic pre-requisites that contribute to a successful partnering outcome.The results highlight the most important probabilistic pre-requisites from a HA perspective.The research concluded that the three most importantly ranked pre-requisites that contribute to a successful partnering arrangement, perceived exclusively by HAs, were mutual trust between parties; stakeholder commitment and mutual objectives.The plethora of construction partnering research is predominantly based on the construction industry generally.This research focuses on the specific needs of HAs.The findings therefore enable HAs to differentiate between the most and least important pre-requisites identified within the literature.This will increase the probability of a successful partnering arrangement through the unveiling of the pre-requisites that HAs should focus on implementing.Subsequently, the research will assist HAs maximise VFM during the challenging economic period where investment into social housing has been reduced.