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Exploring critical factors for achieving successful risk allocation in public-private partnership projects

Jin, Xiaohua, Zuo, Jian and Zhang, Guomin 2010, Exploring critical factors for achieving successful risk allocation in public-private partnership projects, in ICCREM 2010 : Proceedings of 2010 International Conference on Construction and Real Estate Management, China Architecture & Building Press, [Brisbane, Qld.], pp. 253-257.

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Title Exploring critical factors for achieving successful risk allocation in public-private partnership projects
Author(s) Jin, Xiaohua
Zuo, Jian
Zhang, Guomin
Conference name International Conference on Construction and Real Estate Management (8th : 2010 : Brisbane, Queensland)
Conference location Brisbane, Queensland
Conference dates 1-3 Dec. 2010
Title of proceedings ICCREM 2010 : Proceedings of 2010 International Conference on Construction and Real Estate Management
Editor(s) Wang, Yaowu
Yang, Jay
Shen, Geoffrey Q. P.
Wong, Johnny
Publication date 2010
Series Proceedings of 2010 International Conference on Construction and Real Estate Management v.1
Conference series International Conference on Construction and Real Estate Management
Start page 253
End page 257
Publisher China Architecture & Building Press
Place of publication [Brisbane, Qld.]
Keyword(s) risk allocation
risk management
PPP/PFI
critical success factor
Summary Public Private Partnerships (PPP) as a procurement mechanism for infrastructure projects is becoming increasingly common. This is principally due to the value for money opportunities it offers the public sector sponsors. This value for money is primarily achieved through the optimisation of the allocation of risk inherent in the project being transferred from the public sector sponsors onto private sector bidders. This paper analyses the influence that these factors have on successful risk allocation with the aim of providing clearer parameters for optimal risk allocation in PPP projects. Through an extensive review of existing literature, the critical success factors for optimal risk allocation in PPP projects are identified. It is found that the optimisation of risk allocation in PPP projects is critically influenced by the identified factors, which will undoubtedly aid in the successful outcome for future PPP projects.
ISBN 9787112126125
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 910402 Management
HERDC Research category E1 Full written paper - refereed
HERDC collection year 2010
Persistent URL http://hdl.handle.net/10536/DRO/DU:30033263

Document type: Conference Paper
Collection: School of Architecture and Built Environment
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