‘Rational Choice’ PPP procurement selection decision tool for delivering project specific VfM objectives
The adoption of the Value for Money (VfM) concept in Public Private Partnership (PPP) for the delivery of infrastructure projects is facing immense criticisms, with issues relating to the VfM concept in PPP being often blurred in terms of clearly outlining its inherent advantages as to the adoption...
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| தலைமை எழà¯à®¤à¯à®¤à®¾à®³à®°à¯à®•à®³à¯: | , |
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| வடிவமà¯: | Conference or Workshop Item |
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2014
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| பகà¯à®¤à®¿à®•à®³à¯: | |
| நிகழà¯à®¨à®¿à®²à¯ˆ அணà¯à®•à®²à¯: | http://eprints.uthm.edu.my/6344/ http://eprints.uthm.edu.my/6344/1/FINAL_PAPER_CHUSER_APRIL_2014.pdf |
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| தொகà¯à®ªà¯à®ªà¯: | The adoption of the Value for Money (VfM)
concept in Public Private Partnership (PPP) for the delivery of
infrastructure projects is facing immense criticisms, with
issues relating to the VfM concept in PPP being often blurred
in terms of clearly outlining its inherent advantages as to the
adoption of PPP over traditional infrastructure procurement
approaches. This research paper attempts to address the lack
of a clear evaluative rationale to aid decision making for the
adoption of the most appropriate PPP option for achieving
established VfM objectives of a particular project. A
comprehensive evaluative matrix is designed based on
extensive literature review with respect to the relevant VfM
measures embedded within particular PPP infrastructure
projects that is most aligned with the established specific
infrastructure project objectives. This evaluation phase can be
framed within the early stages of current established
conceptual frameworks of PPP infrastructure projects for the
successful delivery of PPP projects. The significance of this
PPP option pathfinder approach is aimed at getting it right the
first time and to avoid the scenario of having to rework PPP
contractual requirements to fit with unstructured decision
making leading to mismatched choices on PPP options. |
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