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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), pp. 31-35. (doi:10.1016/j.retrec.2008.05.008).

Record type: Article

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.

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More information

Published date: 2008
Keywords: risk allocation, rail contracting, tendering, public-private partnerships
Organisations: Transportation Group

Identifiers

Local EPrints ID: 52643
URI: http://eprints.soton.ac.uk/id/eprint/52643
ISSN: 0739-8859
PURE UUID: 69b9a3d9-c20e-499b-a81b-130efe9c1d8f
ORCID for John Preston: ORCID iD orcid.org/0000-0002-6866-049X

Catalogue record

Date deposited: 21 Aug 2008
Last modified: 17 Jul 2017 14:40

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