Critical Success Factors for Tendering BOT Infrastructure Projects in China

Lin, Qiao; Wang, Shou Qing; Tiong, Robert L. K.; Chan, Tsang-Sing

doi:10.3905/jsf.2002.320272

Cited by 13 publications

(11 citation statements)

References 23 publications

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“…Frequently, it is simply assumed that PPPs are appropriate because the financing mechanism within a PPP addresses the immediacy of constrained government budgets. For instance, studies on critical success factors in PPPs have focussed on the commercial transaction but there have only been limited discussions on project performance (even if limited to the construction and operation phase) (Lam et al, 2011;Qiao et al, 2002;Zhang, 2005). These previous studies into PPPs in emerging economies emphasise asset-based solutions rather than service-based outcomes.…”

Section: International Benchmarking Studies On Project Procurementmentioning

confidence: 99%

Comparative performance of PPPs and traditional procurement projects in Indonesia

Atmo

Duffield

Zhang

et al. 2017

IJPSM

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Purpose The purpose of this paper is to investigate the outcomes of Indonesian power projects as representative projects of Asian emerging economies that were procured via public-private partnerships (PPPs) and traditional public sector procurement. Power generation infrastructure delivery in emerging economies frequently seeks private participation via PPPs as one of the key mechanisms to attract private finance. Undertaking a comparative benchmark study of the outcomes of Indonesian power projects provides an opportunity to explore the historic evidence as to whether PPPs deliver better outcomes than traditional public procurement in emerging economies. Design/methodology/approach This paper reports on a study of the performance of 56 Indonesian power projects procured via either PPPs or traditional procurement. First, it focusses on project time and cost outcomes of power plant facility during construction and commissioning and then extends this comparison to consider the operating availability of power plants during their first two years of operation. Findings The results indicate that PPP projects had superior time and operating availability to those procured traditionally whereas no significant differences were identified in the cost performance between PPPs and traditionally procured projects. These findings highlight the importance of adopting policies that are supported by broader sources of international financiers and high quality power plant developers. Research limitations/implications The quality performance analyses of projects (based on equivalent available factor indices) were limited to the power plants in the Java-Bali region where the majority of projects are large scale power plants. Practical implications This study provides an empirical basis for governments of emerging economies to select the most beneficial procurement strategy for power plant projects. It highlights the importance of selecting experienced providers and to adopt policies that attract high quality international project financiers and power plant developers. This includes the need to ensure the commercial viability of projects and to seriously consider the use of cleaner power technologies. Originality/value This study is the first to compare the outcomes of power projects in Asian emerging economies delivered via PPPs against those delivered by traditional public procurement that includes consideration of the quality of the delivered product.

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Section: International Benchmarking Studies On Project Procurementmentioning

confidence: 99%

Comparative performance of PPPs and traditional procurement projects in Indonesia

Atmo

Duffield

Zhang

et al. 2017

IJPSM

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“…As shown in Table II, of the 18 CSFs, 11 factors were selected from previous studies and are recognized as key CSFs of this project. Moreover, although engineering (Li et al , 2005b; Lai and Lam, 2010; Chan et al , 2010a) and the environment (Qiao et al , 2001, 2002; Zhang, 2006a,b; Chan et al , 2002; Lai and Lam, 2010) have been mentioned in previous studies, these factors did not attract significant attention. However, because one purpose of this project is to improve environmental quality and raise potential public awareness of environmental protection, nonetheless the environmental area was further divided into four CSFs, as suggested by the respondents.…”

Section: Identiﬁcation Of Csfsmentioning

confidence: 98%

“…In the previous studies, Tiong et al (1992, 1996) carried out early work on the CSFs of BOT projects from the perspective of the private sector and identified six main CSFs, i.e., entrepreneurship, picking the right project, a strong team of stakeholders, an imaginative technical solution, a competitive financial proposal and the inclusion of special features in the bid. Qiao et al (2001, 2002) summarized the CSFs of BOT projects in China and their relative importance in six different project phases, and further discussed the CSFs and their criticality of China’s BOT projects in preliminary qualification evaluation, tendering and concession award phases. Hardcastle et al (2005) investigated 18 factors contributing to the success of PPP/PFI projects in the UK using an empirical survey that targeted both the public and private sectors, and then divided the CSFs into five groups through factor analysis.…”

Section: Introductionmentioning

confidence: 99%

A systematic approach for public-private partnership projects CSFs evaluation

Wang

Zhang

et al. 2018

ECAM

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Purpose Public–private partnership (PPP) projects are increasingly significant in many countries. The purpose of this paper is to assess the impact of critical success factors (CSFs) on PPP projects and comprehensively consider the interrelations and interaction among dimensions and factors to achieve a better understanding of PPP project management. Design/methodology/approach An evaluation index system for PPP projects such as the presented case study is proposed based on a literature review and a survey. Then, interpretative structural modeling is used to transform the CSFs dimension into a multi-level hierarchical model to reflect the driven-dependency relation of each dimension; the fuzzy analytic network process model optimized by moment estimation theory is used to investigate the impact of CSFs by considering their internal impact. Findings Regarding the project used as the case study, the driving force and dependence for driving layer and dependent layer are determined. Moreover, in driving layer, efficient and well-structured payment mechanism is the most important CSF if considering the internship and interaction among CSFs, and efficient and well-structured payment mechanism and good governance provide most positive interaction; in dependent layer, population of beneficiaries is the most important CSF if considering the internship and interaction among CSFs, and public client’s satisfaction provides most positive interaction. Originality/value This paper developed an evaluation model to explore the interrelationships of dimensions and factors and then determine the impact of CSFs. The model propose in this paper relaxes the independence assumptions of traditional methods and is more in line with reality; besides, weighting method is optimized to obtain more objective and reasonable evaluation results. Through an empirical study, the validity of the model has been verified; therefore, the study can help project stakeholders better understand the CSFs and further improve project performance.

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“…Previous studies have highlighted political stability and support as extremely critical in achieving success in PPP project implementation in developing countries (Qiao et al, 2001(Qiao et al, , 2002Chan et al, 2010;Babatunde et al, 2012;Dulaimi et al, 2010). On the other hand, other studies including Li et al (2005) and Cheung, Chan and Kajewski (2012) pointed out the fairly importance of this CSF in the developed countries.…”

Section: Review Of Previous Studies On the Csfs For Ppp Projectsmentioning

confidence: 99%

Empirical comparison of critical success factors for public-private partnerships in developing and developed countries

Osei‐Kyei

Chan

2017

ECAM

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Purpose The purpose of this paper is to investigate the similarities and differences of critical success factors (CSFs) for public-private partnership (PPP) projects in developing and developed countries, using Ghana and Hong Kong as examples. Design/methodology/approach An empirical questionnaire survey was conducted with experienced PPP practitioners in Ghana and Hong Kong. Survey responses were analysed using Kendall’s concordance analysis, mean score ranking, quartile groupings analysis and Mann-Whitney U test. Findings The results indicate that a favourable legal and regulatory framework is very critical in both jurisdictions. Further, technology transfer, technological innovation, public/community participation and coordination and government providing financial support are of low importance in both jurisdictions. The non-parametric test shows that 16 CSFs are of different importance in Ghana and Hong Kong. Specifically, CSFs related to the socio-political and economic conditions of PPP projects are very critical in Ghana, whereas CSFs directly related to the organisation and relationship of PPP projects are very critical in Hong Kong. Originality/value The outputs of this study add to the international best practice framework for successful PPP implementation. Further, international private investors and governments who are yet to adopt the PPP concept would be considerably informed of the investment strategies to employ when engaging in PPP arrangements.

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Critical Success Factors for Tendering BOT Infrastructure Projects in China

Cited by 13 publications

References 23 publications

Comparative performance of PPPs and traditional procurement projects in Indonesia

Comparative performance of PPPs and traditional procurement projects in Indonesia

A systematic approach for public-private partnership projects CSFs evaluation

Empirical comparison of critical success factors for public-private partnerships in developing and developed countries

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