PUBLIC PRIVATE PARTNERSHIP, NET EFFECTS AND RISKS – THE CHALLENGE FOR VALUATION AND THE DECISION MAKING PROCESS

Author(s):  
SIEBER PATRIK ◽  
KRŠKOVÁ MARTINA
Author(s):  
Roopesh Rao

In a country like India innovations are more referred as “jugaad”. Though the dictionary does not explain such kind of words, but every person in India understands the importance of jugaad. India has one of the largest systems for agricultural research in the world. However this system has focused predominantly on strengthening of cereal production under irrigated conditions. It would be essential that they participate in all decision making which cater to overall development of rural india. India also needs to increase its efforts to tap into the rapidly growing stock of global knowledge through channels such as FDI, technology licensing, importation of capital merchandise that embody knowledge, as well as advanced products, components, and services. This chapter analyses and focuses on various innovative practices done with the help of Government, Public Private Partnership, private Players, Individuals, NGOS, etc


2020 ◽  
pp. 002085232097169
Author(s):  
Gail Sheppard ◽  
Matthias Beck

Building on recent works that stress the importance of stakeholder engagement in partnerships, we propose a novel benchmarking framework for the evaluation of public–private partnerships. This framework describes mutuality and the preservation of organisational identity as the ideal characteristics of partnerships because they, in turn, encourage stakeholder support for public–private partnerships. Applying this framework to infrastructure public–private partnerships in Ireland, we note that mutual accountability has been weakened following the financial crisis. Meanwhile, consultation with clients such as key public–private partnership stakeholders, which would help articulate organisational identities, remains patchy across the education, justice and health public–private partnership that we investigate. Nonetheless, there are sectoral differences. In education, consultation centres on school principals while ignoring teaching staff and trade unions. In justice, attention is focused primarily on judges. Similarly, in health sector public–private partnerships, there is a strong focus on clinicians. Overall, private sector-driven consultation efforts are primarily pragmatic, with a focus on preventing delays and the dissatisfaction of key clients who could prevent future projects from materialising. We suggest that the combination of this calculated approach to consultation, together with the delegation of public–private partnership contracting to an arm’s-length government agency, is likely to promote a similar depoliticisation of Irish public–private partnerships as has been observed in other countries. We argue that the potentially harmful stakeholder disengagement that this might encourage can be addressed through a concerted set of measures focusing on improved transparency of decision-making, as well as frameworks that mandate client and public consultation. Points for practitioners Research has highlighted the importance of mutual accountability and the preservation of organisational identity in ensuring that public–private partnerships attract public participation and receive public approval. We investigate public–private partnerships in education, justice and health in Ireland, a country that is widely considered an exemplary public–private partnership practitioner. We observe that consultation by private sector public–private partnership participants with client organisations in these sectors is largely motivated by a desire to prevent hold-ups and secure future business rather than seeking to engage with a broad range of users and stakeholders. Together with the existing lack of evidence of benefits from public–private partnerships, this situation is likely to lead to dissatisfaction with the policy. Indeed, political parties critical of public–private partnerships have been able to significantly increase their share of the vote in a recent national election. Our conclusion is that such dissatisfaction is avoidable if the Irish government improves transparency around public–private partnership decision-making while strengthening requirements for public and client consultation.


Author(s):  
Roopesh Rao

In a country like India innovations are more referred as “jugaad”. Though the dictionary does not explain such kind of words, but every person in India understands the importance of jugaad. India has one of the largest systems for agricultural research in the world. However this system has focused predominantly on strengthening of cereal production under irrigated conditions. It would be essential that they participate in all decision making which cater to overall development of rural India. India also needs to increase its efforts to tap into the rapidly growing stock of global knowledge through channels such as FDI, technology licensing, importation of capital merchandise that embody knowledge, as well as advanced products, components, and services. This chapter analyses and focuses on various innovative practices done with the help of Government, Public Private Partnership, private Players, Individuals, NGOS, etc.


2016 ◽  
Vol 14 (4) ◽  
pp. 350-362 ◽  
Author(s):  
Hariati Abdullah Hashim ◽  
Maimunah Sapri ◽  
Sheau-Ting Low

Purpose The purpose of this paper is to investigate the challenges associated with the delivery of facilities management (FM) under public–private partnership (PPP) for healthcare services in Malaysia. Design/methodology/approach A questionnaire survey has been administrated to PPP practitioners in Malaysia. The study has adopted reliability and descriptive method for analysis. Findings This research resulted in a series of 14 challenges that have to be faced in the implementation of PPP FM for healthcare services in Malaysia. Inadequate specific PPP risk management model is identified as the most significant challenge followed by the difficulty in reaching agreements and project complexity. Originality/value This study is considered the first study that identifies and assesses the challenges of PPP within the Malaysian context. The findings will provide a more informed basis for decision-making process, especially for the FM bidders.


2016 ◽  
Vol 21 (3) ◽  
pp. 269-300 ◽  
Author(s):  
Fahim Ullah ◽  
Bilal Ayub ◽  
Siddra Qayyum Siddiqui ◽  
Muhammad Jamaluddin Thaheem

Purpose The purpose of this paper is to investigate the critical decision factors of public–private partnership (PPP) concession which is complex due to a number of uncertain and random variables. To identify critical factors contributing to determination of concession period, this study reviews the published literature. It also identifies countries contributing most in PPP research. As a whole, it provides a mutually beneficial scenario by formulating a decision-making matrix. Design/methodology/approach This paper reviews the literature published during the period 2005-2015. A two-staged methodology is followed on retrieved scholarly papers: first, countries contributing to PPP are identified along with authors and affiliated institutions. Second, using frequency analysis of shortlisted critical factors, yearly appearance and stakeholders affected, a decision matrix is formulated. Findings The most contributing country toward PPP research is China, followed by the USA both in terms of country- and author-based contribution. In total, 63 factors are identified that affect PPP concession out of which, 8 per cent are highly critical and 21 per cent are marginally critical for decision-making. Practical implications Critical factors of PPP concession period will be identified with the help of decision-making matrix. This will help in adequate resource allocation for handling critical factors ensuring project success. Researchers may also understand the research trends in the past decade to usher ways for future improvements. Originality/value This paper reports findings of an original and innovative study, which identifies critical success factors of PPP concession period and synthesizes them into a decision-making matrix. Many of the previous studies have identified and ranked the critical factors but such a synthesis has not been reported.


Buildings ◽  
2021 ◽  
Vol 11 (12) ◽  
pp. 646
Author(s):  
Xiaoxiao Zheng ◽  
Yisheng Liu ◽  
Ruijiao Sun ◽  
Jinzhao Tian ◽  
Qi Yu

Disputes are inevitable in public-private partnership (PPP) projects and generate great losses of time and money in practice. If an in-depth understanding of dispute sources can be obtained beforehand, the process of PPP may become more smooth. This paper aims to identify and assess the causes of PPP disputes between the public and private sectors. First, 15 causes are explored based on the PPP litigation cases from China Judgments Online. Second, the Decision-Making Trial and Evaluation Laboratory (DEMATEL) method is utilized to provide a holistic understanding of the relative importance and define the cause-effect categories among PPP dispute sources. The results demonstrate that the top three decisive causes of PPP disputes are the repudiation of contracts (result category), lack of expertise and experience (reason category), and unreasonable risk allocation (result category). Further, dispute avoiding strategies are proposed to minimize or completely avoid the occurrence of PPP disputes. The outputs are expected to add meaningful insights to potential sources of dispute and dispute prevention mechanisms in PPPs. To some extent, the investors can develop strategic measures through the findings before entering into PPP markets.


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