2017
DOI: 10.1177/875697281704800205
|View full text |Cite
|
Sign up to set email alerts
|

Special Purpose Entities in Megaprojects: Empty Boxes or Real Companies?

Abstract: This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
33
0
1

Year Published

2017
2017
2023
2023

Publication Types

Select...
4
3
1

Relationship

2
6

Authors

Journals

citations
Cited by 53 publications
(34 citation statements)
references
References 63 publications
0
33
0
1
Order By: Relevance
“…In this situation, if the actual costs for performing the work increase compared to the budgeted ones, the owner is directly affected by the cost overruns as the prices rises. In other cases, stakeholders create a temporary organisation, called Special Purpose Vehicle (Sainati et al 2015), that further complicates the difference between price and cost.…”
Section: Eqmentioning
confidence: 99%
“…In this situation, if the actual costs for performing the work increase compared to the budgeted ones, the owner is directly affected by the cost overruns as the prices rises. In other cases, stakeholders create a temporary organisation, called Special Purpose Vehicle (Sainati et al 2015), that further complicates the difference between price and cost.…”
Section: Eqmentioning
confidence: 99%
“…Compared to "regular projects," megaprojects have more ambiguous roles and boundaries, and more informal coordination activities between teams (Hanisch and Wald, 2014;Sainati et al, 2017;Van Marrewijk et al, 2008). As a form of innovative and spontaneous initiative that goes beyond the prescribed role requirements (Ekrot et al, 2016), OCBEs are essential to compensate for the limitations of formal management systems in megaprojects (He et al, 2015) and have far-reaching impacts on project success (Braun et al, 2013;Turner and Zolin, 2012).…”
Section: Ocbes In Megaprojectmentioning
confidence: 99%
“…The SPV design enables better alignment of stakeholder interests, as a function of the both its contractual schemes and stakeholder organization structures (Sainati et al, 2017). The primary reason driving this alignment of interests is the involvement of the major stakeholders, mainly the Design-Build (DB) contractor and Operations and Maintenance (O&M) contractor, in project financing.…”
Section: Alignment Of Stakeholder Goals and Interestsmentioning
confidence: 99%
“…In order to fulfil these functions, the SPV is structured as a consortium, combining under one umbrella a number of key stakeholders, mainly equity shareholders, designers, construction contractors, and operations and maintenance contractors. Significantly, the combination of stakeholders under one SPV calls for several unique features, namely: early stakeholder involvement, alignment of stakeholder goals and interests, stakeholder integration, collaborative working, innovation potential, and long-term commitment, among others (Fischbacher and Beaumont, 2003;Leiringer, 2006;Sainati et al, 2017).…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation