scholarly journals Evaluation of Special Purpose Vehicle Organisation Skill Sets Taxonomy for Effective Public-Private Partnership Infrastructure Project Delivery

2016 ◽  
Vol 21 (1) ◽  
pp. 147-165 ◽  
Author(s):  
Christy Gomez ◽  
◽  
Muhammad Gambo ◽  
2021 ◽  
pp. 1087724X2110466
Author(s):  
Alinaswe Sinkala ◽  
Edward Ochieng ◽  
Diana Ominde ◽  
Tarila Zuofa ◽  
Sulafa Badi

As significant increases in the financing of infrastructure and other resources will still be required to bridge the current infrastructure gap experienced globally, alternatives to the standard PPP infrastructure project delivery models are constantly appraised in several nations. This research examined the viability of reframing Public Private Partnership (PPP) frameworks as hybrid PPP alliances (HPPPA), which would enhance current PPP practices and enable practitioners in South Africa to deliver PPP infrastructure projects more efficiently. The research adopted a two-pronged qualitative data collection approach, utilizing semi-structured interviews as well as case studies to obtain empirical evidence that was compared to secondary data on how PPP practices in South Africa can be enhanced. The research established that while the South African PPP legislations was adjudged as being suitable, the delivery framework was found to be highly costly and comprised of long approval processes.


Author(s):  
Patrick DeCorla-Souza

This paper reviews value for money (VfM) analyses conducted in the United States to gain an understanding of methods used in addressing key issues in VfM analyses. The paper shows that VfM analysis approaches are inconsistent. In many cases it is difficult to decipher the source of differences between delivery options. Discount rates are sometimes used in a way that reduces credibility of the results. The paper presents some ideas for how these key issues can be approached so that VfM analysis results are more credible, consistent, and transparent.


2014 ◽  
Vol 21 (6) ◽  
pp. 648-673 ◽  
Author(s):  
Derek Walker ◽  
Mattias Jacobsson

Purpose – This case study was chosen for its rare, if not unique, project procurement strategy. It is, to the authors’ knowledge, the only example of a project alliance (PA) being undertaken within a public-private partnership (PPP) project delivery approach. The purpose of this paper is to explore the case study from a strategic perspective to better understand if it is possible to combine a PA within a less collaborative procurement form, such as PPP or design and construct (D&C), and to determine if there were any specific prerequisite conditions needed for such an arrangement to be successfully adopted. Design/methodology/approach – A single exploratory case study was undertaken through interviewing seven of the most senior project participant executives for approximately an hour that each had a separate and unique perspective to offer relating to the organisational role they represented in the PA. These interviewees were identified as the most knowledgeable key executives participating in the PA from whom both strategic and operational insights could be gained. Findings – It is possible to design a PA approach within a PPP for large and complex infrastructure projects and this can provide a competitive advantage to do so, however, the reasons for doing so should be clear and compelling. Parties to such an arrangement should be prepared to fully engage through adopting full PA principles. In such a case as this, the PPP special purpose vehicle takes on the role of “project owner” that normally the public body part of the PPP would normally adopt. Research limitations/implications – This research reports upon a single case study within a specific project delivery culture that has extensive experience of PAs. Demonstrated positive project outcomes would not be likely to be more generally repeatable across the engineering infrastructure sector unless parties engaged within such a PA had not already experienced and understood outcomes resulting from such a close collaboration. Practical implications – This research has implications for project participants bidding for PPP projects as well as others using a D&C tending approach. It offers a potential competitive advantage because it demonstrates and explains how choices may be expanded beyond a simple single project procurement strategy approach. Social implications – Many PPP and PA infrastructure projects are delivered to provide community benefit. This paper provides a way to improve the project delivery process and thus improving value to the community. Originality/value – The paper makes three contributions. Primarily, it pioneers analysis of a PA within a PPP. Second, it provides important insights into the reasons and emergence of this phenomenon. Finally, it provides an understanding of this how this novel form of early contractor involvement with a PPP special purpose ownership vehicle that combines competition and collaboration may function operationally.


2020 ◽  
Vol 9 (4) ◽  
pp. 95-105
Author(s):  
Yury V. Korechkov ◽  

The article examines the theoretical aspects of the development of entrepreneurial activity based on public-private partnership (PPP) in the regional economy. The organizational and economic mechanism of public-private partnership development in the regional economy is shown. Its main elements include: justification of the conditions for using financial resources for a PPP infrastructure project; creation of organizational bases for implementing the public-private partnership model; implementation of a set of management functions (planning, organization, motivation and control) in the conditions of the entire investment cycle; achieving goal setting and ensuring the effectiveness of the PPP infrastructure project in the interaction of the state and business. It is proved that the process of implementing public-private partnership includes elements of institutional support for this system: regulatory support for the PPP Institute; formation of a system of state regulation of relations in the field of publicprivate partnership; formation of an organizational and economic mechanism for managing the development of public-private partnership in the regional economy. It is revealed that the institutional regulatory framework in the regional economy involves the creation of a regulatory framework for the functioning of the system of interaction of public authorities and business structures, forming an open competitive environment for public-private partnership, identification of the openness and transparency of the system of relations of public-private partnerships. It is shown that the use of the public-private partnership mechanism will ensure the necessary growth rates in the regional economy. Implementation of infrastructure projects is one of the forms of avoiding “institutional traps” in the context of crisis situations in recent years. It is concluded that a necessary condition for the effective implementation of a regional public-private partnership PPP project is to find the necessary financial resources and ways to use them most effectively for the socio-economic development of the region.


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