Abstracts – Browse Results
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Abdullahi Ahmed, U, Noor Amila Wan Abdullah, Z and Abdul-Rashid, A-A (2021) Malaysian regulators' ranking of PPP contract governance skills. Built Environment Project and Asset Management, 11(1), 88-102.
Almarri, K and Boussabaine, H (2021) Re-evaluating the risk costing agenda in PPP projects. Built Environment Project and Asset Management, 11(1), 22-37.
- Type: Journal Article
- Keywords: risk management; value for money; Monte Carlo simulation; cost analysis; net present value; fair value; private sector; revenue sharing; game theory; prices; capital assets; public sector
- ISBN/ISSN:
- URL: http://dx.doi.org/10.1108/BEPAM-12-2019-0141
- Abstract:
The level at which risk is priced and the magnitude of risks transferred to the private sector will have a significant impact on the cost of the public-private partnership (PPP) deals as well as on the value for money analysis and on the section of the optimum investment options. The price of risk associated with PPP schemes is complex, dynamic and continuous throughout the concession agreement. Risk allocation needs to be re-evaluated to ensure the optimum outcome of the PPP contract. This paper provides a coherent theoretical framework for dealing with scenarios of potential gain and loss from retaining or transferring risks. The outcome indicates that using the proposed framework will provide innovative ways of deriving risk prices in PPP projects using several risk determinants strategies. In costing risks, analysts have to take into consideration the balance between the cost of risk transfer and the cost of losses if risk is retained. This paper contributes to the PPP literature and practice by proposing a framework which is consistent with a risk allocation approach in PPP projects, where the key proposition is that risk pricing can overload project debt leading to loss of value.
Chileshe, N and Kavishe, N (2021) Readiness assessment of public-private partnerships adoption in developing countries: the case of Tanzania. Built Environment Project and Asset Management, 11(1), 71-87.
Dolla, T, Devkar, G and Boeing, L (2021) Procurement governance and information asymmetry in waste management of India. Built Environment Project and Asset Management, 11(1), 38-51.
Liu, T, Mostafa, S, Sherif, M and Tuan Son, N (2021) Emerging themes of public-private partnership application in developing smart city projects: a conceptual framework. Built Environment Project and Asset Management, 11(1), 138-56.
Mangu, S, Thillai Rajan, A and Deep, A (2021) Comparison of toll and annuity PPPs: a case study of highway projects in India. Built Environment Project and Asset Management, 11(1), 103-20.
Nguyen, N, Almarri, K and Boussabaine, H (2021) A risk-adjusted decoupled-net-present-value model to determine the optimal concession period of BOT projects. Built Environment Project and Asset Management, 11(1), 4-21.
Nimesha Sahani, J, Chan, D W M and Kumaraswamy, M (2021) A systematic literature review and analysis towards developing PPP models for delivering smart infrastructure. Built Environment Project and Asset Management, 11(1), 121-37.
Sarvari, H, Chan, D W M, Banaitiene, N, Norhazilan Md, N and Beer, M (2021) Barriers to development of private sector investment in water and sewage industry. Built Environment Project and Asset Management, 11(1), 52-70.