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Towards the development of a construction supply chain transaction cost economic model for strategic infrastructure procurement evaluation

Jin, X and London, K 2010, Towards the development of a construction supply chain transaction cost economic model for strategic infrastructure procurement evaluation, in CIB 2010 : CIB 2010 World Congress Proceedings : Building a Better World, The Conference, [Salford Quays, England], pp. 1-12.

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Title Towards the development of a construction supply chain transaction cost economic model for strategic infrastructure procurement evaluation
Author(s) Jin, X
London, K
Conference name International Council for Research and Innovation in Building and Construction World Congress (2010 : Salford Quays, England)
Conference location Salford Quays, England
Conference dates 10-13 May 2010
Title of proceedings CIB 2010 : CIB 2010 World Congress Proceedings : Building a Better World
Editor(s) Barrett, Peter
Amaratunga, Dilanthi
Haigh, Richard
Keraminiyage, Kaushal
Pathirage, Chaminda
Publication date 2010
Conference series International Council for Research and Innovation in Building and Construction World Congress
Start page 1
End page 12
Total pages 12
Publisher The Conference
Place of publication [Salford Quays, England]
Keyword(s) infrastructure
public-private partnership
transaction cost economics
supply chain economics
Australia
Summary Australia has adopted public-private partnership (PPP) as a major strategy for procuring infrastructure for decades. However, even though considered to be a mature and sophisticated market, several major
failures have occurred resulting in increasing financial burdens on taxpayers. Failures have typically been traced back to economic evaluation and, in particular, value-for-money across the supply chain
in the original proposal. However, the literature review identified that there was no economic model that evaluated holistically the transaction costs of PPPs across the supply chain. In this paper, theories of transaction cost economics and construction supply chain economics are critiqued and analysed in order to develop a strategic infrastructure procurement evaluation model. The model will offer decision makers with an insight into project life cycle economic outcomes needed to successfully deliver PPPs.
ISBN 9781905732913
Language eng
Field of Research 120201 Building Construction Management and Project Planning
Socio Economic Objective 870102 Commercial Construction Planning
HERDC Research category E1 Full written paper - refereed
HERDC collection year 2010
Copyright notice ©2010, CIB
Persistent URL http://hdl.handle.net/10536/DRO/DU:30033266

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