Risk Management In Public Private Partnerships

Author : Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu
Publisher : Routledge
Page : 286 pages
File Size : 51,8 Mb
Release : 2020-12-29
Category : Business & Economics
ISBN : 9781000326574

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Risk Management in Public-Private Partnerships by Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu Pdf

Public-Private Partnership (PPP) is a channel through which the public sector can seek alternative funding and expertise from the private sector to procure public infrastructure. Governments around the world are increasingly turning to Public-Private Partnerships to deliver essential goods and services. Unfortunately, PPPs, like any other public procurement, can be at risk of corruption. This book begins by looking at the basics of PPP and the challenges of the PPP process. It then conceptualizes the vulnerability of various stages of Public-Private Partnership models and corruption risk against the backdrop of contract theory, principal-agent theory and transaction cost economics. The book also discusses potential control mechanisms. The book also stresses the importance of good governance for PPP. It outlines principles and procedures of project risk management (PRM) developed by a working party of the Association of Project Managers. Finally, the book concludes by proposing strategies and solutions to overcome the limitations and challenges of the current approach toward PPP.

Author : Akintola Akintoye,Matthias Beck,Cliff Hardcastle
Publisher : John Wiley & Sons
Page : 448 pages
File Size : 55,8 Mb
Release : 2008-04-15
Category : Technology & Engineering
ISBN : 9780470680438

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Public-Private Partnerships by Akintola Akintoye,Matthias Beck,Cliff Hardcastle Pdf

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 : Obicci, Peter Adoko
Publisher : IGI Global
Page : 363 pages
File Size : 55,5 Mb
Release : 2017-03-03
Category : Business & Economics
ISBN : 9781522525042

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Risk Management Strategies in Public-Private Partnerships by Obicci, Peter Adoko Pdf

Governments around the globe are facing a new framework of service delivery as public-private partnerships become more prevalent. Characterized as an innovative tool for change, this area of socio-economic development is transforming the world economy. Risk Management Strategies in Public-Private Partnerships is an essential reference source for the latest scholarly research on recent developments on the relationships between public agencies and private sectors, and frameworks for effectively managing risk factors. Featuring extensive coverage on a wide variety of topics and perspectives such as service delivery, sustainability, and contractual design, this publication is ideally designed for policy makers, students, and professionals seeking current research on ways to manage problems and challenges in contractual partnerships.

Author : Mervyn Lewis
Publisher : Unknown
Page : 19 pages
File Size : 41,9 Mb
Release : 2001
Category : Electronic
ISBN : OCLC:248571915

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Risk Management in Public Private Partnerships by Mervyn Lewis Pdf

Author : Abdelhalim Boussabaine
Publisher : John Wiley & Sons
Page : 280 pages
File Size : 42,9 Mb
Release : 2013-10-10
Category : Technology & Engineering
ISBN : 9781118785768

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Risk Pricing Strategies for Public-Private Partnership Projects by Abdelhalim Boussabaine Pdf

Risk Pricing Strategies for Public-Private Partnership Projects Innovation in the Built Environment The complexity of public–private partnership (PPP) project procurement requires an effective process for pricing, managing and appropriate allocation of risks. The level at which risk is priced and the magnitude of risks transferred to the private sector will have a significant impact on the cost of the PPP deals as well as on the value for money analysis and on the selection of the optimum investment options. The construction industry tends to concentrate on the effectiveness of risk management strategies and to some extent ignores the price of risk and its impact on whole life cost of building assets. There is a pressing need for a universal framework for the determination of fair value of risks throughout the PPP procurement processes. Risk Pricing Strategies for Public–Private Partnership Projects addresses the issues of risk pricing and demonstrates the use of a coherent strategy to arrive at a fair risk price. The focus of the book is on providing risk pricing strategies to maximise return on risk retention and allocation in the procurement of PPP projects. With its up-to-date coverage of the latest developments in risk pricing, and comprehensive treatment of the methodologies involved in designing and building risk pricing strategies, the book offers a simple model for pricing risks. The book follows a thematic structure: PPP processes map; risk, uncertainty and bias; risk pricing management strategies; risk pricing measurement and modelling; risk pricing at each of the project life-cycle stages – and deals with all the important risk pricing issues, using relevant real-world situations through case study examples. It explains how the theory and strategies of risk pricing can be successfully applied to real PPP projects and reflects the broad understanding required by today’s project risk analysts, in their new and important role in PPP contract management. Also in the IBE series Managing Change in Construction Projects Senaratne & Sexton 978 14443 3515 6 Innovation in Small Professional Practices in the Built Environment Lu & Sexton 978 14051 9140 1 Other books of interest Urban Infrastructure: Finance and Management Wellman & Spiller 978 0 470 65635 8 Project Finance for Construction and Infrastructure Pretorius, Chung-Hsu, McInnes, Lejot & Arner Construction Supply Chain Management Pryke 978 14051 5844 2 Policy, Finance & Management for Public-Private Partnerships Edited by Akintoye & Beck 978 14051 7791 7 Strategic Issues in Public-Private Partnerships, 2nd Edition Dewulf, Blanken & Bult-Spiering 978 0 470 65635 8

Author : Manal Fouad
Publisher : International Monetary Fund
Page : 61 pages
File Size : 42,5 Mb
Release : 2021-05-10
Category : Business & Economics
ISBN : 9781513576565

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Mastering the Risky Business of Public-Private Partnerships in Infrastructure by Manal Fouad Pdf

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 : E. R. Yescombe
Publisher : Elsevier
Page : 368 pages
File Size : 53,7 Mb
Release : 2011-04-01
Category : Business & Economics
ISBN : 0080489575

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Public-Private Partnerships by E. R. Yescombe Pdf

Over the last decade or so, private-sector financing through public-private partnerships (PPPs) has become increasingly popular around the world as a way of procuring and maintaining public-sector infrastructure, in sectors such as transportation (roads, bridges, tunnels, railways, ports, airports), social infrastructure (hospitals, schools, prisons, social housing) public utilities (water supply, waste water treatment, waste disposal), government offices and other accommodation, and other specialised services (communications networks or defence equipment). This book, based on the author's practical experience on the public- and private-sector sides of the table, reviews the key policy issues which arise for the public sector in considering whether to adopt the PPP procurement route, and the specific application of this policy approach in PPP contracts, comparing international practices in this respect. It offers a systematic and integrated approach to financing PPPs within this public-policy framework, and explains the project-finance techniques used for this purpose. The book deals with both the Concession and PFI models of PPP, and provides a structured introduction for those who are new to the subject, whether in the academic, public-sector, investment, finance or contracting fields, as well as an aide memoire for those developing PPP policies or negotiating PPPs. The author focuses on practical concepts, issues and techniques, and does not assume any prior knowledge of PPP policy issues or financing techniques. The book describes and explains: * The different types of PPPs and how these have developed * Why PPPs are attractive to governments * General policy issues for the public sector in developing a PPP programme * PPP procurement procedures and bid evaluation * The use of project-finance techniques for PPPs * Sources of funding * Typical PPP contracts and sub-contracts, and their relationship with the project’s financial structure * Risk assessment from the points of view of the public sector, investors, lenders and other project parties * Structuring the investment and debt financing * The key issues in negotiating a project-finance debt facility. In addition the book includes an extensive glossary, as well as cross-referencing. *Reviews the PPP policy framework and development from an international perspective *Covers public- and private-sector financial analysis, structuring and investment in PPPs *No prior knowledge of project financing required

Author : Alejandro Hoyos Guerrero,Abel Lopez Dodero
Publisher : World Bank Publications
Page : 195 pages
File Size : 45,9 Mb
Release : 2021-06-25
Category : Business & Economics
ISBN : 9781464816826

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Public-Private Partnerships in Urban Bus Systems by Alejandro Hoyos Guerrero,Abel Lopez Dodero Pdf

Many cities have sought to replicate the urban bus public-private partnership (PPP) structures that succeeded at the beginning of the millennia, such as those implemented in Brazil, Colombia, and Mexico. These cities improved their public transportation systems in the face of rapid urbanization, rising air pollution, and increasing road safety incidents through these PPP interventions. Examining these past international experiences, and others, Public-Private Partnerships in Urban Bus Systems: An Analytical Framework for Project Identification and Preparation first challenges the assumption that PPP structures are always the optimal approach for improving urban bus systems. The authors use relevant case studies to demonstrate that structuring such PPPs in cities in the developing world requires tailor-made interventions that respond to local contexts. The authors identify essential elements for PPP feasibility and invite readers to consider alternative solutions for achieving the desired objectives. This book presents an analytical framework that public transportation practitioners can use to support the process of identifying and preparing appropriate technical, financial, and legal structures to improve urban mobility if a PPP is the preferred solution. It follows a detailed, risk-based approach to thoroughly analyze the challenges that might be experienced by cities that pursue private participation in proposed urban bus interventions. Using specific examples, the authors thoroughly analyze the risks and the specific potential planning-stage challenges likely to be encountered and suggest strategies for practitioners to respond to the local contexts and the various alternative solutions. This study builds upon international experiences, predominantly in Latin America and in PPPs focused on streamlining fleet provision and operation. Finally, the book helps to identify and defi ne bankable project structures that could respond well to local contexts and minimize risks.

Author : OECD
Publisher : OECD Publishing
Page : 142 pages
File Size : 48,6 Mb
Release : 2008-05-21
Category : Electronic
ISBN : 9789264046733

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Public-Private Partnerships In Pursuit of Risk Sharing and Value for Money by OECD Pdf

This book highlights good practices and summarises what countries should consider before entering into public-private partnerships (PPPs).

Author : Jane Beckett-Camarata
Publisher : Emerald Group Publishing
Page : 280 pages
File Size : 53,9 Mb
Release : 2020-10-20
Category : Political Science
ISBN : 9781839096563

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Public-Private Partnerships, Capital Infrastructure Project Investments and Infrastructure Finance by Jane Beckett-Camarata Pdf

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 : Edward Farquharson,Clemencia Torres de M stle,E.R. Yescombe
Publisher : World Bank Publications
Page : 196 pages
File Size : 50,5 Mb
Release : 2011-01-14
Category : Business & Economics
ISBN : 0821385526

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How to Engage with the Private Sector in Public-Private Partnerships in Emerging Markets by Edward Farquharson,Clemencia Torres de M stle,E.R. Yescombe Pdf

The purpose of this guide is to enhance the chances of effective partnerships being developed between the public and the private-sector by addressing one of the main obstacles to effective PPP project delivery: having the right information on the right projects for the right partners at the right time.

Author : Veronica Vecchi,Francesca Casalini,Niccolò Cusumano,Velia M. Leone
Publisher : Springer Nature
Page : 167 pages
File Size : 41,5 Mb
Release : 2021-03-17
Category : Political Science
ISBN : 9783030654351

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Public Private Partnerships by Veronica Vecchi,Francesca Casalini,Niccolò Cusumano,Velia M. Leone Pdf

By merging public and private tangible and intangible capitals, Public Private Partnerships contracts (PPP) are fundamental to generate public value and to support economic and social development; in the aftermath of Covid-19 pandemic, they prove critical to pave the way for the recovery. This book is intended to support the co-evolution of the main public and private players involved in PPP contracts for infrastructure and service delivery, by providing principles, based on the academic and professional experience of the authors, that can be applied across sectors and jurisdictions. Drawing on the framework of public-private collaborations at macro, meso and micro level, this book provides a practical perspective on the most relevant legal, financial and contractual issues of PPP contracts for infrastructure and service delivery.

Author : Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu
Publisher : Routledge
Page : 181 pages
File Size : 50,6 Mb
Release : 2021-10-28
Category : Mathematics
ISBN : 9781000465938

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Corruption, Infrastructure Management and Public–Private Partnership by Mohammad Heydari,Kin Keung Lai,Zhou Xiaohu Pdf

Public–Private Partnerships (PPP or 3Ps) allow the public sector to seek alternative funding and expertise from the private sector during procurement processes. Such partnerships, if executed with due diligence, often benefit the public immensely. Unfortunately, Public–Private Partnerships can be vulnerable to corruption. This book looks at what measures we can put in place to check corruption during procurement and what good governance strategies the public sector can adopt to improve the performance of 3Ps. The book applies mathematical models to analyze 3Ps. It uses game theory to study the interaction and dynamics between the stakeholders and suggests strategies to reduce corruption risks in various 3Ps stages. The authors explain through game theory-based simulation how governments can adopt a evaluating process at the start of each procurement to weed out undesirable private partners and why the government should take a more proactive approach. Using a methodological framework rooted in mathematical models to illustrate how we can combat institutional corruption, this book is a helpful reference for anyone interested in public policymaking and public infrastructure management.

Author : Graeme A. Hodge,Carsten Greve,Anthony E. Boardman
Publisher : Edward Elgar Publishing
Page : 656 pages
File Size : 45,7 Mb
Release : 2010-11-30
Category : Business & Economics
ISBN : 9781849804691

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International Handbook on Public-Private Partnership by Graeme A. Hodge,Carsten Greve,Anthony E. Boardman Pdf

Public Private Partnerships (PPPs) promise much and present an exciting policy option. Yet as this Handbook reveals there is still much debate about the meaning of partnership, and the degree to which potential advantages are in fact being delivered. In this timely Handbook, leading scholars from around the world explore the challenges presented by infrastructure PPPs, and contemplate what lies ahead as governments balance the need to provide innovative new infrastructure against the requirement for good public governance. This Handbook builds on a range of exciting theoretical lenses that span several disciplinary boundaries. It presents innovative insights and informed perspectives from an international base of empirical evidence. This essential Handbook will prove an invaluable reference work for academics, advanced post-graduate students and commentators of PPPs, as well as professionals, infrastructure regulators and government policy advisors.

Author : Tony Merna,Douglas Lamb
Publisher : Unknown
Page : 166 pages
File Size : 50,8 Mb
Release : 2003
Category : Privatization
ISBN : 1855649810

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The Guide to Value and Risk Management in PPP Projects by Tony Merna,Douglas Lamb Pdf

This book will enable you to develop a methodology for achieving value objectives and integrating risk controls into the PPP process.