How does contract flexibility affect the sustainability performance of public–private partnership projects? A serial multiple mediator model

Tian, Baofeng; Fu, Jiaxin; Xu, Yongshun; Sun, Longshan

doi:10.1108/ecam-03-2022-0222

Cited by 8 publications

(3 citation statements)

References 97 publications

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“…Figure 1 also shows that each aspect of financial management methods may solely or together with other aspects influence the efficacy of advance financing in terms of workflow. For instance, the financial stability of the contractor enhances or limits the workflow of a given PPP (Tian et al, 2022). When the financial stability is low then the workflow becomes slow and vice versa.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Financial Management Methods and The Efficacy of Advance Financing: a case of the Public Infrastructure in Uganda

2023

PPAR

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In Uganda, advance financing is a common method for financing public infrastructure. While advance financing is thought to considerably alter the way governments in the developing countries improve infrastructure through offering more financing services that might make a real difference to infrastructural developments, there is a continual uproar about the inefficiencies in Uganda National Roads Authority, principally around the advance funded projects. This study focused on assessing the appropriateness of advance financing arrangements on the efficacy of advance financing of this road. A cross-sectional survey was used to collect data from a total of 204 respondents from Uganda National Roads Authority using self-administered questionnaires. The authors focused on financial stability, professionalism, level of government funding and efficacy of advance financing of the roads sector. Data was analyzed using SPSS 26. Ordinal logistic regressions were run to establish the relationships between the study variables. The findings of the study revealed that good financial management methods were significant positive predictors of efficacy of advance financing of public infrastructure. Also, when the Contractor did their part and accepted status quo other than highlighting objections was found to be a momentous predictor of efficacy of advance financing for infrastructure project. Under government funding, scenarios where government had truthfully rewarded contractors with a sense of achievement positively influenced the efficacy of advance financing of Public infrastructure. Generally, both financial stability and professionalism positively influenced efficacy. However, the study findings revealed that when the government meets the agreed target with contractors before full implementation of the project, there is a negative influence on efficacy of the project. This therefore calls for sanction on staff working on these projects which is contrary to construction code on public road construction projects since they are designed for a specific purpose using taxpayer's money through government who are accountable to confirm that the funded projects follow their predetermined targets.

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Section: Theoretical Frameworkmentioning

confidence: 99%

Financial Management Methods and The Efficacy of Advance Financing: a case of the Public Infrastructure in Uganda

2023

PPAR

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“…Trust as a relational element to cope with project uncertainty can reduce the need for contractual completeness as well as rigidity of the contracting parties, thus enhancing the need for contract flexibility, i.e., the design of the degree of contract flexibility depends on the level of trust between parties. Existing literature suggested that good partnerships can be effective in increasing contract flexibility and improving project management performance [27]. Seepana et al [28]found through a case study that good relationship governance between the contractors can expand the openness of the contract and increase the flexibility of the contract.…”

Section: Analysis Of Key Factors Affecting the Evolution Of Trust Levelmentioning

confidence: 99%

Mechanistic analysis of the evolution of trust level between owner and PMC contractor based on dynamic Bayesian network

Hongyan,

BARI,

Aobo

2023

Preprint

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The PMC project advocates a non-confrontational cooperation model. As an extension of the owner, the PMC contractor manages the project in all aspects and processes on behalf of the owner, and the level of trust between the two parties determines effectiveness of management, which in turn affects the success or failure of the project. This paper adopted a dynamic Bayesian network approach, based on social exchange theory, to establish a dynamic model of the evolution of trust level between owners and PMC contractors, and used the two-way inference function of dynamic Bayesian network to identify the key indicators and dynamic evolution law of trust level. The results of the study indicated that the trust level between the owner and the PMC contractor depends mainly on the level of calculative and relational trust, and that the most important drivers of calculative and relational trust are the reciprocal behaviors and contractual flexibility. In addition, the reciprocal behaviors has a greater driving effect on the promotion of relational trust, and the contract flexibility has a greater driving effect on the promotion of calculative trust. Also, the level of calculative trust is higher in the early stage of project implementation, and the more calculative trust is generated, the more relational trust is generated in the middle and later stages. In the middle and later stages of the project, the importance of relational trust gradually increases and surpasses that of calculative trust, and the decline of relational trust has a greater negative impact on the overall trust level than calculative trust.

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“…Based on many studies (Esposito and Dicorato 2020;De Matteis et al 2021;Vecchi et al 2021;Tian et al 2022;Vecchi 2022), it may also be said that public-private collaborations represent the driving force to tackle the pursuit of the global challenges of social and economic development and, more specifically, environmental protection set out through the SDGs. It is no coincidence, in fact, that among the sustainable development goals, the UN has proposed the encouragement and promotion of public partnerships, public-private partnerships, and partnerships with communities.…”

Section: Introductionmentioning

confidence: 99%

A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership

Tafuro,

Dammacco,

Costa

2023

Administrative Sciences

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Background: Studies have highlighted how public–private partnerships are characterized by a lack of transparency, low availability of data, low accountability, and, often, strong opportunism. All these factors do not allow potential interested parties to trust it. This undermines the possibility of good cooperation between the public and private sectors and has presented a great limit for the Public Private Partnerships (PPPs) diffusion. Several articles in the literature highlight, in general, the numerous advantages generated using the blockchain in different organizations. The adoption of blockchain in the operation of PPPs could be a solution to overcome the limitations encountered in public–private partnerships. The aim of this study is to propose a theoretical framework aimed at connecting two topics (PPPs and Blockchain)—analyzed separately by literature—to highlight how blockchain can correct the limitations inherent to the functioning of traditional PPPs. Methods: The authors applied a qualitative research method to examine the role of blockchain from a PPP perspective. The authors present a conceptual work in which they advance a theoretical framework by integrating and proposing new relationships between constructs and developing logical arguments for these associations. Through a problem-focused approach, besides presenting a solution to overcome the critical issues, the authors also put forward ideas to help fill a gap in the literature to date. Results: The study showed that blockchain can generate a major shift in the function of PPPs. On the one hand, it makes it possible to overcome many limitations that have hindered the development of partnerships, thus making it possible to spread them further, while on the other hand, it has a positive impact on the strategic role of PPPs in achieving sustainable development goals. Conclusions: Blockchain technology is considered very immature, probably because a single underlying standard does not exist and concepts are difficult to master. Based on state-of-the-art standards, blockchain has the potential to be considered a transformative or even disruptive innovation for PPPs.

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How does contract flexibility affect the sustainability performance of public–private partnership projects? A serial multiple mediator model

Cited by 8 publications

References 97 publications

Financial Management Methods and The Efficacy of Advance Financing: a case of the Public Infrastructure in Uganda

Financial Management Methods and The Efficacy of Advance Financing: a case of the Public Infrastructure in Uganda

Mechanistic analysis of the evolution of trust level between owner and PMC contractor based on dynamic Bayesian network

A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership

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