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