CONSIDERATION ON THE INCORRECT COST ESTIMATION CORRESPONDING TO DESIGN FOR PUBLIC INFRASTRUCTURE PROJECTS IN LOCAL GOVERNMENTS IN JAPAN

The significance of public-private partnership for the development of the socio-economic system of the state is extremely high, as public-private partnership can and should be positioned as one of the financial mechanisms capable of providing not only extensive but also intensive economic growth of territories and regions mainly for by financing the development of transport, social, service infrastructure and utilities, as well as to promote accelerated modernization in high-tech sectors of the national economy. In the article, the essence of project financing of infrastructure based on public-private partnership is substantiated, as well as the forms and tools that are used in the course of financial interaction between public and private partners are investigated. The essence of project financing of infrastructure based on public-private partnership is substantiated, the forms and tools that are used in the course of financial interaction between public and private partners as well are investigated. The understanding of a public infrastructure project is explained through differentiating it according to the goal direction and in accordance with the change of the existing real estate object. The main means of state support for financing public-private partnership projects is investigated. Taking into account the existing practice, it is reasonable to invest in infrastructure projects for a public investor and a private partner. The increased risks of the private partner are due to the fact that public-private partnership projects provide a higher cost of the project compared to budget funding. In addition, it is worth noting the potential cost of the project after to contract, taking into account the variability of the external environment. The practices of implementing TIF-projects are investigated and the essence of the financing instruments used for this are disclosed. The peculiarity of the application of TIF-projects is that these are used by local governments for the development of local territories or individual districts. These investigations provide opportunity to determine the conditions for the application of financing the increase in the tax rate in Ukraine.

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PROMETHEE-based ranking of project managers based on the five personality traits

Kybernetes ◽

10.1108/k-10-2018-0551 ◽

2019 ◽

Vol 49 (4) ◽

pp. 1083-1102

Author(s):

Georgios N. Aretoulis ◽

Jason Papathanasiou ◽

Fani Antoniou

Keyword(s):

Personality Traits ◽

Questionnaire Survey ◽

Multicriteria Decision Making ◽

Project Managers ◽

Preference Ranking ◽

Infrastructure Projects ◽

Public Infrastructure ◽

Content Type ◽

The One ◽

Selection Of

Purpose This paper aims to rank and identify the most efficient project managers (PMs) based on personality traits, using Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) methodology. Design/methodology/approach The proposed methodology relies on the five personality traits. These were used as the selection criteria. A questionnaire survey among 82 experienced engineers was used to estimate the required weights per personality trait. A second two-part questionnaire survey aimed at recording the PMs profile and assess the performance of personality traits per PM. PMs with the most years of experience are selected to be ranked through Visual PROMETHEE. Findings The findings suggest that a competent PM is the one that scores low on the “Neuroticism” trait and high especially on the “Conscientiousness” trait. Research limitations/implications The research applied a psychometric test specifically designed for Greek people. Furthermore, the proposed methodology is based on the personality characteristics to rank the PMs and does not consider the technical skills. Furthermore, the type of project is not considered in the process of ranking PMs. Practical implications The findings could contribute in the selection of the best PM that maximizes the project team’s performance. Social implications Improved project team communication and collaboration leading to improved project performance through better communication and collaboration. This is an additional benefit for the society, especially in the delivery of public infrastructure projects. A lot of public infrastructure projects deviate largely as far as cost and schedule is concerned and this is an additional burden for public and society. Proper project management through efficient PMs would save people’s money and time. Originality/value Identification of the best PMbased on a combination of multicriteria decision-making and psychometric tests, which focus on personality traits.

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Investigating the Sustainability Performance of PPP-Type Infrastructure Projects: A Case of China

Sustainability ◽

10.3390/su10114162 ◽

2018 ◽

Vol 10 (11) ◽

pp. 4162 ◽

Cited By ~ 8

Author(s):

Shengqin Zheng ◽

Ke Xu ◽

Qing He ◽

Shaoze Fang ◽

Lin Zhang

Keyword(s):

Sustainable Development ◽

Local Governments ◽

Large Scale ◽

Behavioral Control ◽

Equation Model ◽

Perceived Behavioral Control ◽

Actual Behavior ◽

Infrastructure Projects ◽

Positive Effects ◽

Managerial Implications

In China, the demand for public infrastructure projects is high due to the acceleration of urbanization and the rapid growth of the economy in recent years. Infrastructures are mainly large scale, so local governments have difficulty in independently completing financing work. In this context, public sectors often seek cooperation from private sectors, in which public–private partnership (PPP) is increasingly common. Although numerous studies have concentrated on sustainable development, the unsustainability performances of infrastructures are often reported on various media. Furthermore, studies on the sustainability performances of PPP-type infrastructure (PTI) projects are few from the perspective of private sectors’ behaviors. In this study, we adopted the modified theory of planned behavior and the structure equation model and conducted a questionnaire survey with 258 respondents for analyzing the sustainable behaviors of private sectors. Results indicated that behavioral attitude, perceived behavioral control, and subjective norm interact significantly. They have direct positive effects on behavioral intention and then indirectly influence actual behavior through this intention. Actual sustainable behaviors of private sectors have significantly positive effects on the sustainable development of cities. We offer theoretical and managerial implications for public and private sectors on the basis of the findings to ensure and promote the sustainability performances of PTI projects.

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