Risk and reward in rail contracting [In special issue: Reforms in Public Transport]


Alexandersson, Gunnar, Nash, Chris and Preston, John (2008) Risk and reward in rail contracting [In special issue: Reforms in Public Transport]. Research in Transportation Economics, 22, (1), 31-35. (doi:10.1016/j.retrec.2008.05.008).

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Description/Abstract

This workshop considered the role of risks and rewards in rail transport by considering evidence on the impacts of industry structure, franchising and infrastructure charges. A schema for the allocation of risks and rewards was developed, which indicated that strategic risks should be borne by authorities and operational risks by operators, but that tactical risks were more difficult to allocate and appropriate reward mechanisms more difficult to design. The extent to which these difficulties can be addressed by competitive tendering and alternatives such as trusting partnerships and negotiated performance based contracts was considered.

Item Type: Article
ISSNs: 0739-8859 (print)
Related URLs:
Keywords: risk allocation, rail contracting, tendering, public-private partnerships
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
H Social Sciences > HE Transportation and Communications
Divisions: University Structure - Pre August 2011 > School of Civil Engineering and the Environment
Faculty of Engineering and the Environment > Civil, Maritime and Environmental Engineering and Science > Transportation Research Group
ePrint ID: 52643
Date Deposited: 21 Aug 2008
Last Modified: 27 Mar 2014 18:35
URI: http://eprints.soton.ac.uk/id/eprint/52643

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