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Value for money drivers in public private partnership schemes

Value for money drivers in public private partnership schemes
Value for money drivers in public private partnership schemes
Purpose – The purpose of this paper is to investigate value for money drivers in public private partnership (PPP) schemes. Design/methodology/approach – Three case studies of PPP construction projects in the UK were undertaken. Findings – PPP contracts commonly require the private agent to take responsibilities for the performance of the asset over a long term, at least for a significant part of its useful life, so that efficiencies arising from long term asset management can be obtained. The evidence is finely balanced on the usefulness of such initiatives in realizing efficiency gains, although there is clear benefit of risk transfer. Practical implications – The findings highlight the challenge of designing and implementing innovative partnership plans to manage public services more effectively. More emphasis needs to be placed on strategies for the transfer of risk, value for money drivers and project expertise for the successful conclusions of PPP contracts. Originality/value – The paper contributes to the new research area of public private partnerships
assets management, partnership, united kingdom
0951-3558
147-156
Nisar, Tahir M.
6b1513b5-23d1-4151-8dd2-9f6eaa6ea3a6
Nisar, Tahir M.
6b1513b5-23d1-4151-8dd2-9f6eaa6ea3a6

Nisar, Tahir M. (2007) Value for money drivers in public private partnership schemes. International Journal of Public Sector Management, 20 (2), 147-156. (doi:10.1108/09513550710731508).

Record type: Article

Abstract

Purpose – The purpose of this paper is to investigate value for money drivers in public private partnership (PPP) schemes. Design/methodology/approach – Three case studies of PPP construction projects in the UK were undertaken. Findings – PPP contracts commonly require the private agent to take responsibilities for the performance of the asset over a long term, at least for a significant part of its useful life, so that efficiencies arising from long term asset management can be obtained. The evidence is finely balanced on the usefulness of such initiatives in realizing efficiency gains, although there is clear benefit of risk transfer. Practical implications – The findings highlight the challenge of designing and implementing innovative partnership plans to manage public services more effectively. More emphasis needs to be placed on strategies for the transfer of risk, value for money drivers and project expertise for the successful conclusions of PPP contracts. Originality/value – The paper contributes to the new research area of public private partnerships

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More information

Published date: March 2007
Keywords: assets management, partnership, united kingdom

Identifiers

Local EPrints ID: 39888
URI: http://eprints.soton.ac.uk/id/eprint/39888
ISSN: 0951-3558
PURE UUID: dc433bce-30db-4b43-94ff-73a38123b9f0
ORCID for Tahir M. Nisar: ORCID iD orcid.org/0000-0003-2240-5327

Catalogue record

Date deposited: 29 Jun 2006
Last modified: 16 Mar 2024 03:21

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