Value For Money

2010 ◽  
pp. 295-309
Author(s):  
Adrian J. Bridge ◽  
Robert Lee Kong Tiong ◽  
Shou Qing Wang
Keyword(s):  
Developed Countries ◽  
Public Private Partnerships ◽  
Value For Money ◽  
Exchange Relationship ◽  
Market Structures ◽  
Contractual Arrangement ◽  
Decision Points ◽  
Finance Constraints ◽  
Theoretical Pluralism ◽  
Buying In

Australia is just one of many developed countries facing the challenge of delivering value for money in the provision of a substantial infrastructure pipeline amidst severe construction and private finance constraints. To help address this challenge, this chapter focuses on developing an understanding of the determinants of value at key procurement decision points that range from the make-or-buy decision, to buying in the context of market structures, including the exchange relationship and contractual arrangement decision. This understanding is based on theoretical pluralism and illustrated by research in the field of construction and maintenance, and in public-private partnerships.

scholarly journals Innovation on Wheels in Emerging Economies: Lessons from Auto MNC’s Experience

2016 ◽  
Vol 11 (8) ◽  
pp. 44 ◽  
Author(s):  
Rifat Sharmelly
Keyword(s):  
Emerging Economies ◽  
Product Innovation ◽  
Developed Countries ◽  
Multinational Companies ◽  
Value For Money ◽  
Mass Market ◽  
Innovative Performance ◽  
The Creation ◽  
Acceptability Criteria

Emerging economies (EEs) are increasingly being considered as new sources of growth and innovation opportunities for global auto multinational companies. Many multinational companies from developed countries are eager to prosper in these economies. However, the crucial challenge that companies face today is to identify what precisely are the approaches required to serve mass market customers in EEs. In this research, the case study of a foreign auto multinational operating in India has been utilized. Focusing on the product innovation for the Indian masses with the creation of the most affordable car ‘Figo’ from the reputed auto multinational Ford, this analysis reveal the importance of engaging same set of suppliers in trust based, recurrent collaborative linkages to enhance the innovative performance. In addition, ensuring an effective value-for-money proposition is needed to achieve innovations with required affordability and acceptability criteria. Furthermore, experimenting with modules and resultant learning about markets are needed to enhance the innovative performance. With the suggested testable propositions, this study has significant theoretical contributions as well as implications for managers of aspiring companies intending to serve EEs.

scholarly journals INTERNATIONAL PUBLIC PRIVATE PARTNERSHIPS EXPERIENCES IN PORTS AND THEIR RELATION TO UKRAINE

2021 ◽  
pp. 247-256
Author(s):  
N. Butenko ◽  
◽  
E. Robins ◽  
Keyword(s):  
Sample Selection ◽  
Institutional Arrangement ◽  
Public Private Partnerships ◽  
International Studies ◽  
Cayman Islands ◽  
Value For Money ◽  
The Caribbean ◽  
Budgetary Decisions ◽  
Access To Data ◽  
Correct Implementation

The purpose of this article is to review recent international studies on ports that have entered into public private partnerships (PPPs). This article examines five articles covering ports in Columbia, Mexico, Brazil, the Caribbean (Cayman Islands), China, South Korea, and France. Divided as follows, the article includes: (I) a summary of each article; (II) a critique of the articles related to the countries referenced; and (III) an assessment of how this relates and/or applies to Ukraine. The analysis and assessment of each article should better inform progress towards PPPs and their use in ports in Ukraine. Based on five variables to assess PPP projects in this article: (a) the type of PPP (allowing for a plurality of PPP arrangements); (b) regulatory framework (with a supportive institutional arrangement for PPPs); (c) financial safeguards (delivering value for money against other options); (d) accountability; and (e) miscellaneous data (something that improves context and practical aspects), this article offers three key findings. First, enhance accountability and publicity. Second, improve market engagement. Third, correct implementation of legal and institutional frameworks. This study, according to its author, encountered the usual limitations: sample selection and access to data at different stages of the project’s completion. The sample is fair, comprising a diverse, representative pool of projects. Regarding access to data, the article found that publicity and reporting need to improve in the Caribbean. The author engaged with all main sources, especially local ones, at different stages of each project. PPPs in the Caribbean are not exempt when it comes to budgetary decisions.

scholarly journals An Analysis of Public-Private Partnerships in East Africa

2020 ◽  
Vol 11 (5) ◽  
pp. 152
Author(s):  
Lukamba Muhiya Tshombe ◽  
Thekiso Molokwane ◽  
Alex Nduhura ◽  
Innocent Nuwagaba
Keyword(s):  
Developed Countries ◽  
Public Private Partnerships ◽  
Infrastructure Development ◽  
East African ◽  
African Region ◽  
African Countries ◽  
Scientific Discussion ◽  
East African Region ◽  
Sub Saharan ◽  
The Impact

The impact of the implementation of public-private partnerships (PPPs) in the Sub-Saharan African region on infrastructure and services is becoming increasingly perceptible. A considerable number of African countries have embraced PPPs as a mechanism to finance large projects due to a constrained fiscus. At present, many financial institutions, such as the World Bank, the International Monetary Fund and the African Development Bank, which finance some of the projects, have established a department or unit that mainly focuses on infrastructure development in developing countries. The private sector in Africa is equally seen as a significant partner in the development of infrastructure. African governments need to tap into private capital to invest in infrastructure projects. This scientific discussion provides an analysis of PPPs in the East African region. This article selected a number of countries to illustrate PPP projects in the sub-region. The analysis of this study illustrates that the East African region represents unique and valuable public-private partnership lessons in different countries. This study also traces the origins of PPPs to more than a century ago where developed countries completed some of their projects using the same arrangement. This paper further demonstrates that the application of PPPs is always characterised by three factors, namely a country, a sector and a project. Experts in the field often refer to these elements as layers, which usually precede any successful PPP.

Delivering value-for-money in PPPs? Risks and insights in change management

2017 ◽  
Vol 3 (2) ◽  
pp. 102-114 ◽  
Author(s):  
Steven McCann
Keyword(s):  
Success Factors ◽  
Major Change ◽  
Public Private Partnerships ◽  
Value For Money ◽  
Public And Private ◽  
The Public ◽  
Critical Success ◽  
Critical Junctures ◽  
Standard Management ◽  
Knowledge Policy

A fundamental benefit sought from Public Private Partnerships is risk transfer – or more explicit allocation of risks between the public and private partners. However, not all operating risks can be transferred or eliminated. The public partner retains residual risk and remains ultimately accountable for the delivery of public services. Sub-standard management of major change events can lead to poor value-for-money outcomes. In-depth insights are provided in this article into how the actual management of Public Private Partnerships may be carried out and dealt with by governments at critical junctures during the concession period. Key risks, issues and critical success factors are identified that can have profound effects on the achievement of intended outcomes. These considerations build upon existing knowledge, policy and guidance for Public Private Partnerships, both nationally and internationally, making this essay tangible and grounded for both academics and practitioners.

scholarly journals What Drives the Employment of Public-private Partnerships in Kazakhstan and Russia: Value for Money?

2012 ◽  
Vol 3 (1) ◽  
pp. 32-57 ◽  
Author(s):  
Nikolai Mouraviev
Keyword(s):  
Best Practices ◽  
Transaction Cost Economics ◽  
Public Private Partnerships ◽  
Value For Money ◽  
Public And Private ◽  
The Public ◽  
Partnership Development ◽  
Policy Paradigm ◽  
Transitional Countries ◽  
Total Social Cost

Public-private partnerships (PPPs) are employed in many countries as an alternative method of public service provision in which partners from the public and private sectors share their resources, responsibilities, and risks.  Some well-justified factors that drive the partnership development are value for money and lack of budget funding.  As PPP drivers may be unique, thepaper surveys the reasons for PPP expansion in two transitional countries, Kazakhstan and Russia.  Based on detailed discussion of the commonly employed reasons for partnering (such as greater value for money, or lower total social cost associated with a PPP as opposed to contracting out a service), internal and external PPP drivers in Kazakhstan and Russia have been categorized and examined.  Among internal drivers, the need to attract private initiative and funding for upgrading the utilities and housing infrastructure is most influential because of enormity of the task for which governments lack resources.  The countries’ intention to align themselves with the requirements of perceived international best practices is yet additional influential driver of external nature.  The paper concludes that public policy in the two countries is the major driving force for PPP development although the value for money concept and transaction cost economics appear to be neglected.  The emerging PPP policy paradigm in Kazakhstan and Russia has facilitated PPP development in recent years, since 2005.  However, lack of reliable solutions and instruments for PPP formation and implementation significantly slows down PPP expansion.  

scholarly journals Measure and discipline in world procurement markets = Medición y reglas de los mercados mundiales de contratación pública

2018 ◽  
Vol 10 (2) ◽  
pp. 752
Author(s):  
Pablo Zapatero Miguel ◽  
Marc Petz
Keyword(s):  
World Trade ◽  
Government Procurement ◽  
Public Private Partnerships ◽  
Value For Money ◽  
Structural Policy ◽  
Best Value ◽  
Market Formation ◽  
Policy Trend ◽  
Trade Market

Abstract: The revised Government Procurement Agreement (GPA) illustrates the long-term trans­formation in the way governments currently deliver public policies: steering, not rowing. Under a re­gulatory paradigm based on improving efficiency and best value for money, the 51 GPA Parties have reformed the previous GPA framework and expanded global procurement markets in accordance. Howe­ver, the figures of this structural policy trend have not yet been properly mapped. This research estima­tes on basis of the available data that the GPA parties cover round 26% (US$2,140bn) of their GGCE (US$8,220bn), whereby the global GPA coverage could potentially be expanded substantially (compare to global GGCE: US$13,100bn) on the long term.Keywords: public-private partnerships, world trade, market-formation, government procurement, GPA.Resumen: El Acuerdo de Contratación Pública (GPA) revisado ilustra la transformación de largo plazo en la forma en que los Estados desarrollan políticas públicas: guiar, y no remar. Bajo un paradigma regulatorio basado en la mejora de la eficiencia y el mejor valor por el dinero, los 51 Miembros del GPA revisado han reformado el marco legal originario y contribuido a expandir los emergentes mercados glo­bales de contratación pública. Esta investigación calcula en base a los datos disponibles que las partes del GPA cubren un 26% (2.140.000 US$) de su GGCE (8.220.000 US$), mientras la cobertura global del GPA podría expandirse de manera significativa (comparar con el GGCE global: 13.100.000 US$) a largo plazo.Palabras clave: partenariados público-privados, comercio mundial, formación de mercados, con­tratación pública, GPA.

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