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Despite the increasing popularity in the use of the public-private partnership concept as a procurement strategy, there have been reported cases of problems associated with the initial stages of the process in terms of unduly high bidding costs and pre-contract time overruns due mainly to the...
Persistent link: https://www.econbiz.de/10005482589
The introduction of a non private-funded public-private partnerships (PPP) approach to the maintenance and operation of infrastructure facilities necessitates an equitable performance standard, a sensible penalty mechanism and a credible auditing system. Yet, with limited research on this type...
Persistent link: https://www.econbiz.de/10005482687
There are few public-private partnership (PPP) projects in the UAE, but the number is increasing. Recently government and public bodies have intensified their interest in PPPs to encourage more involvement of the private sector in the country's development. The aim of the research is to evaluate...
Persistent link: https://www.econbiz.de/10008674581
The revenue risk is of great importance to ensure the success of a real toll public-private partnership (PPP) transportation project. Past research has proposed a revenue guarantee put option as an alternative way to quantify and potentially manage this risk. A practical, or commercial,...
Persistent link: https://www.econbiz.de/10008674592
Southern Cross Station is one of the largest public-private partnership (PPP) projects undertaken in Australia. In this project the architects played a significant role in developing an iconic design which has received international professional design awards and much media attention. In the...
Persistent link: https://www.econbiz.de/10005633072
Project participants, through experience, have an initial perception and predisposition towards risk and the types of risks they are willing and able to undertake. This is equally true for parties interested in public-private partnership (PPP) projects. These initial positions have been...
Persistent link: https://www.econbiz.de/10005633193
Public-private partnership (PPP) road projects are highly leveraged capital-intensive projects. Lenders, which provide the major portion of financing in the form of debt instruments, undertake loan approval processes to examine the various aspects of the projects that could influence the debt...
Persistent link: https://www.econbiz.de/10008466642
Over the past two decades, many developing countries have grown to become more familiar with the notions and the use of public-private partnership/private financing initiative (PPP/PFI) schemes in building large-scale infrastructure assets. However, owing to higher levels of complexity and...
Persistent link: https://www.econbiz.de/10004966598
There has recently been considerable interest in construction research in paradigms developed for the manufacturing sector. Using lean thinking and agile production as examples of innovative organizational and business process design, this paper explores their commonalities and differences. In...
Persistent link: https://www.econbiz.de/10005438490