CSFs in Competitive Tendering and Negotiation Model for BOT Projects

Tiong, Robert L. K.

doi:10.1061/(asce)0733-9364(1996)122:3(205)

Cited by 175 publications

(120 citation statements)

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“…This suggests that private companies should explore other participants' strengths and weaknesses and, where appropriate, join together to form consortia capable of synergizing and exploiting their individual strengths. Good relationship among partners is also critical because they all bear relevant risks and benefits from the cooperation (Abdul-Rashid et al 2006;Birnie 1999;Corbett and Smith 2006;Jefferies et al 2002;Kanter 1999;Tam et al 1994;Tiong 1996;Zhang 2005 The strength of the private consortium will also be affected by its relationship with the public sector. Love et al (2000) mentioned that two fundamental attributes for procuring successful infrastructure projects are commitment and mutual trust, which need to come from both the public and private sectors.…”

Section: Strong Private Consortiummentioning

confidence: 99%

A comparative study of critical success factors for public private partnerships (PPP) between Mainland China and the Hong Kong Special Administrative Region

et al. 2012

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PurposeThis paper aims to explore the Critical Success Factors (CSFs) necessary for adopting Public Private Partnerships (PPPs) in both mainland China and Hong Kong.Design/methodology/approach An empirical questionnaire survey was conducted with relevant experienced practitioners in mainland China and Hong Kong. FindingsBoth mainland China and Hong Kong have been keen to deliver more infrastructure service projects through PPP mode, with the former aiming to meet its rapidly growing infrastructure demand and the latter uplifting its efficiency further. The results indicate that Hong Kong does not regard multi-benefit objectives as importantly as mainland China. Mainland China on the contrary felt more concerned with an equitable risk sharing mechanism, which is understandable given the problems affecting the financial market in mainland China. Originality/valueIt is anticipated that the results presented in this paper will assist both the public and private sectors to deliver PPP projects more successfully.

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Section: Strong Private Consortiummentioning

confidence: 99%

A comparative study of critical success factors for public private partnerships (PPP) between Mainland China and the Hong Kong Special Administrative Region

et al. 2012

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“…In terms of the level of competitiveness in the biddings being researched that are considered a critical success factor in infrastructure projects (Tiong, 1996), based on the cases studied, there is a relationship between the number of companies/consortia bidders and the amount of the initial budget envisaged for public sports facilities (table 9), as can be observed in the case of the PPP stadiums (Castelão and Pernambuco), which had a higher competition and lower initially estimated costs per seat among the PPP venues, as well as in relation to the solely public Mané Garrincha stadium that had the highest competition and the lowest cost per seat initially planned between strictly public arenas, although its actual cost per seat was the highest among all mega-sporting event stadiums. The exception arises with the Pantanal stadium that, even with the second largest number of companies/consortia bidders, showed the highest initially estimated cost per seat between strictly public stadiums.…”

Section: Evaluation Of the Value For Money For Ppp Projectsmentioning

confidence: 99%

Parcerias público-privadas (PPP) em megaeventos esportivos: um estudo comparativo da provisão de arenas esportivas para a Copa do Mundo Fifa Brasil 2014

Reis

Cabral

2017

Rev. Adm. Pública

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Due to its recent adoption, little is known about the performance of public-private partnerships (PPP) and their determinants. The present study aims to investigate the behavior of PPP and their contractual variations in the provision of sports arenas for the 2014 Fifa World Cup in Brazil, using a comparative perspective on traditional public and private provision modes. The research adopts a qualitative approach with an exploratory perspective and multiple case studies. The results suggest that, for Brazilian public administration, PPP presented good value for money, especially in terms of the time schedule, costs, diversified revenues and bidding process as a result of incentive structures coming from PPP contracts and private partner flexibility. Keywords: public-private partnerships; value for money; incentive structures; mega sporting events.Parcerias público-privadas (PPP) em megaeventos esportivos: um estudo comparativo da provisão de arenas esportivas para a Copa do Mundo Fifa Brasil 2014Em função do caráter recente de sua adoção, pouco se sabe ainda sobre o desempenho de projetos de Parcerias Públi-co-Privadas (PPP) e seus condicionantes. O presente estudo tem por objetivo investigar o comportamento das PPP e suas variações contratuais na provisão de arenas esportivas para a Copa do Mundo Fifa Brasil 2014 numa perspectiva comparada às modalidades de provisão pública tradicional e estritamente privada. Para tanto, utilizou-se uma abordagem metodológica qualitativa, inserida numa perspectiva exploratória por meio de estudo de casos múltiplos. Os resultados sugerem que os projetos de PPP geraram value for money para a administração pública brasileira, sobretudo no que se referente aos aspectos de prazo, custos, receitas diversificadas e processo licitatório em decorrência das estruturas de incentivos oriundas dos contratos de PPP e da própria flexibilidade gerencial inerente aos atores privados. Palavras-chave: parcerias público-privadas; valor adicional; estruturas de incentivos; megaeventos esportivos. Asociaciones público-privadas (PPP) en megaeventos deportivos: un estudio comparativo en la provisión de los estadios deportivos para el Mundial Fifa Brasil 2014Debido al carácter reciente de su adopción, aún se conoce poco sobre lo desempeño de proyectos de Asociaciones Público-Privadas (PPP) y sus condiciones. El presente estudio tiene como objetivo investigar el comportamiento de las PPP y sus variaciones contractuales en la provisión de los estadios deportivos para el Mundial Fifa Brasil 2014 bajo una perspectiva comparada a las modalidades de provisión pública tradicional y estrictamente privada. Para este propósito, se utilizó un enfoque cualitativo, incluido en una perspectiva exploratoria a través del estudio de casos múltiples. Los resultados sugieren que los proyectos de PPP generan un valor agregado para la administración pública brasilera, principalmente con relación a plazos, costos, ingresos diversificados e proceso licitatorio como consecuencia de las estructuras de incentivos provenientes d...

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“…Acceptable balance between stakeholders' conflicting goals and objectives/multi-benefit objectives [54] Competitive and transparent processes, e.g. bidding/procurement and negotiation [55,56] Project technical soundness and feasibility [57][58][59] Thorough and realistic assessment of costs and benefits [57,60,61] Well organized and committed public agency that negotiate on behalf of the public sector [62][63][64][65] Strong private consortium with as many strengths (e.g. well established, have won PFI contracts) and as few weaknesses as possible [55,58] Good governance, e.g.…”

Section: Appendixmentioning

confidence: 99%

“…bidding/procurement and negotiation [55,56] Project technical soundness and feasibility [57][58][59] Thorough and realistic assessment of costs and benefits [57,60,61] Well organized and committed public agency that negotiate on behalf of the public sector [62][63][64][65] Strong private consortium with as many strengths (e.g. well established, have won PFI contracts) and as few weaknesses as possible [55,58] Good governance, e.g. good standard of project administration [57] Commitment and responsibility of public and private sectors, as represented by the Special Purpose Vehicle (SPV), and beyond to cover parent companies and their steering boards [66][67][68] Shared authority between public and private sectors to enhance long-term alliance [66,67] Appropriate risk allocation and risk sharing [54,57] Government guarantees, e.g.…”

Section: Appendixmentioning

confidence: 99%

An Ordinal Game Theory Approach to the Analysis and Selection of Partners in Public–Private Partnership Projects

Ouenniche

Boukouras

Rajabi

2015

J Optim Theory Appl

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Nowadays, public-private partnership projects have become a standard for delivering public services in both developed and developing countries. In this paper, we are concerned with the analysis of private sector proposals and the selection of the private sector partner to whom to award the contract. To the best of our knowledge, this problem has not been addressed within a game theory framework. To fill this gap, we model this decision problem as a static non-cooperative game of complete information and propose a new ordinal game theory algorithm for finding an optimal generalized Nash equilibrium. The proposed algorithm determines a single ranking of proposals or bidders that takes account of multiple performance criteria and reflects both the public sector and the private sector perspectives, and can handle any number of private sector players and any number of contractual terms. An illustrative scenario is provided to guide the reader through the workings of the proposed ordinal game theory algorithm. The proposed ordinal game theory-based analysis framework can be used by the private sector to analyse any set of potential proposals most likely to be submitted by bidders and to assist with the choice of bidding strategies, and by the public sector player to analyse any set of potential proposals most likely to be submitted under any set of contractual terms and to assist with the choice of a realistic set of contractual terms and their performance measures.

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CSFs in Competitive Tendering and Negotiation Model for BOT Projects

Cited by 175 publications

References 4 publications

A comparative study of critical success factors for public private partnerships (PPP) between Mainland China and the Hong Kong Special Administrative Region

A comparative study of critical success factors for public private partnerships (PPP) between Mainland China and the Hong Kong Special Administrative Region

Parcerias público-privadas (PPP) em megaeventos esportivos: um estudo comparativo da provisão de arenas esportivas para a Copa do Mundo Fifa Brasil 2014

An Ordinal Game Theory Approach to the Analysis and Selection of Partners in Public–Private Partnership Projects

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