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It is never too late: Optimal penalty for investment delay in Italian public procurement contracts
D'Alpaos, Chiara; Moretto, Michele; Valbonesi, Paola; … - 2009
We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor's value of investment...
Persistent link: https://www.econbiz.de/10010279528
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"It Is Never too late": Optimal Penalty for Investment Delay in Public Procurement Contracts
Vergalli, Sergio; Chiara D’Alpaos; Moretto, Michele; … - Fondazione ENI Enrico Mattei (FEEM) - 2009
We provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the contractor’s value of investment...
Persistent link: https://www.econbiz.de/10004987240
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Optimal penalty for investment delay in public procurement contracts
D'Alpaos, Chiara; Moretto, Michele; Valbonesi, Paola - Dipartimento di Scienze Economiche "Marco Fanno", … - 2008
Our aim in this paper is to provide a general framework in which to determine the optimal penalty fee inducing the contractor to respect the contracted delivery date in public procurement contracts (PPCs). We do this by developing a real option model that enables us to investigate the...
Persistent link: https://www.econbiz.de/10005786747
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Commercial Products and Services : Raising the Market Research Bar or Much Ado about Nothing?
Schooner, Steven L. - 2018
This short piece discusses the Federal Circuit's recent decision in Palantir USG, Inc. v. United States, No. 17-1465 (Fed. Cir. September, 2018), affirming that “the Army failed to determine whether commercial items meet or could be modified to meet the agency’s needs and that, by failing to...
Persistent link: https://www.econbiz.de/10014110283
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Aktuelle baubetriebliche Themen - 2002/2003
Jacob, Dieter; Stuhr, Constanze - Technische Universität <Freiberg> / Fachbereich … - 2004
Das vorliegende Working Paper beinhaltet Vortragsmanuskripte zu drei Dissertationsprojekten,die in den Jahren 2002 und 2003 am Lehrstuhl erfolgreich abgeschlossen wurden. Eshandelt sich dabei um die Arbeit von Dr. Klinke zum Finanzcontrolling in mittelständischenBauunternehmen mit integrierten...
Persistent link: https://www.econbiz.de/10005864233
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Involvement of Small and Medium Sized Enterprisesin the Private Realisation of Public Buildings
Heinecke, Bastian - Technische Universität <Freiberg> - 2002
This paper explores the procurement of public buildings in local authorities in the UK under the Private Finance Initiative (PFI) and its consequences for small and medium sized enterprises. Following an outline of the development of PFI in the UK, the paper explains the peculiarities of local...
Persistent link: https://www.econbiz.de/10005864475
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How (Not) to Foster Innovations in Public Infrastructure Projects
Hoppe, Eva I.; Schmitz, Patrick W. - 2019
The government wants an infrastructure-based public service to be provided. First, the infrastructure has to be built; subsequently, it has to be operated. Should the government bundle the building and operating tasks in a public-private partnership? Or should it choose traditional procurement,...
Persistent link: https://www.econbiz.de/10015264929
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Governing Public-Private Partnerships: The Problem of Low-Cost Decisions
Mause, Karsten - 2019
In many cases, the expected efficiency advantages of public-private partnership (PPP) projects as a specific form of …
Persistent link: https://www.econbiz.de/10015266060
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Make or Buy for Public Services: Culture Matters for Efficiency Considerations
Athias, Laure; Wicht, Pascal - 2024
whether the relative cost-efficiency of public versus private provision varies across cultures. We build a representative …, compared to private provision, increases cost- efficiency within French-speaking Swiss municipalities. These results resonate … efficiency is enhanced through mission matching, but they also unveil that this mission matching is culturally determined. …
Persistent link: https://www.econbiz.de/10015270951
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Assigning tasks in public infrastructure projects: Specialized private agents or public private partnerships?
Morasch, Karl; Tóth, Rita Orsolya - 2008
An welchen Kriterien sollte sich die Entscheidung über die bestmögliche Aufgabenverteilung zwischen staatlichen Stellen und privaten Akteuren bezüglich Finanzierung, Erstellung und Betrieb öffentlicher Infrastruktureinrichtungen orientieren? Während die unmittelbare Erstellung der...
Persistent link: https://www.econbiz.de/10010300414