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Author: Andrew Tan Publisher: ISBN: Category : Construction industry Languages : en Pages : 250
Book Description
Public Private Partnerships (PPPs) are being used as a means of attracting private sector investment to what would otherwise be government funded and operated infrastructure and services. What is changing is the nature of the involvement and approaches taken by both the private and government sectors. The PPPs that had been completed in Australia have attracted much public criticism. What PPPs try to achieve is to deliver better quality of infrastructure assets and services to the public without the use of Government funds. There is often the question asked of whether PPPs provide value for money as the contract arrangements are generally lengthy, risky and consumes a lot of time and resources. The use of KPIs to measure performance with PPPs will assist in the development of better procurement and services for the future.
Author: Andrew Tan Publisher: ISBN: Category : Construction industry Languages : en Pages : 250
Book Description
Public Private Partnerships (PPPs) are being used as a means of attracting private sector investment to what would otherwise be government funded and operated infrastructure and services. What is changing is the nature of the involvement and approaches taken by both the private and government sectors. The PPPs that had been completed in Australia have attracted much public criticism. What PPPs try to achieve is to deliver better quality of infrastructure assets and services to the public without the use of Government funds. There is often the question asked of whether PPPs provide value for money as the contract arrangements are generally lengthy, risky and consumes a lot of time and resources. The use of KPIs to measure performance with PPPs will assist in the development of better procurement and services for the future.
Author: Rosnani binti Mohamad @ Ahmad Publisher: ISBN: Category : Languages : en Pages : 196
Book Description
Public Private Partnership (PPP) has been world widely used as one of the procurement mode by the government. In Malaysia, PPP has been officially introduced in 2006. The present study focuses on two important aspects of PPP implementation that are performance objectives and performance indicators. In particular, there are four objectives of the study that are: 1) to identify the importance performance objectives of PPP in Malaysia; 2) to investigate the differences in the perception between public and private sectors on the importance of performance objectives; 3) to identify the important performance indicators used in assessing PPP performance in terms of the five aspects of PPP which are 'before construction begins', 'financing and markets', 'innovation and learnings', 'stakeholders' perception' and process of lifecycle of PPP project'; and 4) to investigate the differences in the perception between public and private sectors on the importance of performance indicators in terms of the five aspects of PPP. Using a questionnaire survey, 237 completed questionnaires were received representing 51.52% response rate. In examining the importance of performance objective and performance indicators, the descriptive statistical tests of mean, standard deviation and mean score ranking were used. The independent t-tests were conducted to investigate the differences in the perceptions between the two respondents' groups on the importance of performance objectives and performance indicators. The results show that the top three important performance objectives are 'High quality public service', 'Provide convenience service for society' and 'Within or under budget'. In relation to the indicator used in assessing PPP performance, the findings show that the top three important performance indicators before construction begins are 'Project maintainability', 'Commitment and responsibility between public and private sectors' and 'Government's knowledge of PPP' while for financing and markets, the top most important indicators are 'Operational cost', ''Construction cost' and 'Construction period' are perceived as the most important indicators. For innovation and learning, the overall respondents perceived 'Technology innovation', 'Employee training' and 'Financial innovation' as the top three most important indicators whilst 'The satisfaction from public client or government', 'General public/social satisfaction' and 'Good relationship among the concessionaire for the stakeholders' perception component. The top three important indicators for process of lifecycle of PPP project are 'Time management', 'Contractual management' and 'Cost management'. In terms of the differences in the perceptions between the public and private sector groups, the test results indicate that there are only significant statistical differences for one performance objective and few performance indicators for three out of five performance indicators components. The findings of the present study contribute to both knowledge and practice especially to the policy makers in ensuring better implementation of PPP in future.
Author: Manal Fouad Publisher: International Monetary Fund ISBN: 1513576569 Category : Business & Economics Languages : en Pages : 61
Book Description
Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.
Author: Stefan Verweij Publisher: Edward Elgar Publishing ISBN: 1800889208 Category : Political Science Languages : en Pages : 257
Book Description
This timely book questions the premise that Public-Private Partnerships (PPPs) have a performance advantage over traditionally procured projects, an assumption that motivates policymakers worldwide to enter into such contracts. Taking stock of novel research comparing the differences in performance between PPP and traditionally procured infrastructure projects and services, the chapters in this book thoughtfully scrutinise this supposed advantage.
Author: Publisher: ISBN: Category : Infrastructure (Economics) Languages : en Pages : 108
Book Description
This report provides a state-of-the-practice description of domestic and international practices for key performance indicators (KPIs) in public-private partnerships (PPPs). The report is based on a comprehensive literature review and eight case studies from Australia, British Columbia, the United Kingdom, and the United States. The report identifies how government-developed performance measures reflecting societal goals such as congestion management or environmental impact are translated through KPIs and included in project documents for designing, constructing, operating, and maintaining transportation facilities. The report shows that it is possible to align projects with these higher goals.
Author: Great Britain. National Audit Office Publisher: ISBN: Category : Contracts Languages : en Pages : 62
Book Description
The Private Finance Initiative (PFI) is a major form of Government procurement for a wide range of public services, including hospitals, prisons, roads, computer systems and government accommodation. There are over 400 PFI contracts currently in force which commit departments to future expenditure of about £100 billion. This report highlights key issues which authorities need to consider when developing and managing relationships with PFI contractors. It is based on a survey of 121 central government PFI projects in progress. The survey was undertaken in 2000 and included the views of authorities and contractors. Key recommendations made include: the importance of a partnership approach between authorities and contractors; authorities should give attention at an early stage in the procurement process to contract management issues; and the need for appropriate procedures for dealing with contract changes.
Author: Akintola Akintoye Publisher: John Wiley & Sons ISBN: 0470680431 Category : Technology & Engineering Languages : en Pages : 448
Book Description
Public Private Partnership is a key issue in the construction industry – causing much concern among contractors, funders and facility managers. Demand has been building for a thorough analysis ... This edited book will familiarise both researchers and construction professionals working with public private partnerships (PPP) with the issues involved in the planning, implementation and day-to-day management of public private projects. It will show how current risk management methods can help the complex process of managing procurement via such partnerships. The chapters - most authored by a practitioner/academic partnership - are organised round the concepts of best value and use the findings of a major research project investigating Risk Assessment and Management in Private Finance Initiative Projects. The analysis of this research will be supplemented with contributions by leading international experts from Hong Kong, Australia and Singapore, covering hospitals, schools, waste management and housing - to exemplify best practice in PPP-based procurement.
Author: Jane Beckett-Camarata Publisher: Emerald Group Publishing ISBN: 1839096543 Category : Political Science Languages : en Pages : 276
Book Description
Through the introduction of a new lens through which to view infrastructure finance policy, this book analyses the role of Public Private Partnerships within the context of long-term capital investment and improvement planning, and as a critical aspect of effective long-term capital infrastructure finance policy.
Author: Asian Development Bank Publisher: Asian Development Bank ISBN: 9292629417 Category : Political Science Languages : en Pages : 231
Book Description
The Government of Pakistan strongly supports public–private partnership (PPP) initiatives. From 1990 to 2019, Pakistan witnessed 108 financially closed PPP projects, with a total investment of approximately $28.4 billion. About 88% of these projects are in the energy sector, attracting more than $24.7billion, followed by investments in the port sector. In early 2021, Parliament approved the amendments to the 2017 PPP Law, enacting the Public Private Partnership Authority (Amendment) Act 2021. This further strengthens the enabling legal and regulatory framework for developing and implementing PPPs, thereby promoting private sector investment in public infrastructure and related services.
Author: U.s. Department of Transportation Publisher: Createspace Independent Publishing Platform ISBN: 9781723472275 Category : Languages : en Pages : 124
Book Description
Key performance indicators in public-private partnerships : a state-of-the-practice report /
Author: Andrew Tan
Author: Andrew Tan
Author: Rosnani binti Mohamad @ Ahmad
Author: Manal Fouad
Author: Stefan Verweij
Author: 
Author: Great Britain. National Audit Office
Author: Akintola Akintoye
Author: Jane Beckett-Camarata
Author: Asian Development Bank
Author: U.s. Department of Transportation