Academic literature on the topic 'Public private partnership; Value for Money; Public sector comparator'
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Journal articles on the topic "Public private partnership; Value for Money; Public sector comparator"
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Bojovic, Viktorija. "Public private partnership as a last resort for traditional public procurement." Panoeconomicus 53, no. 3 (2006): 299–311. http://dx.doi.org/10.2298/pan0603299b.
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This paper discusses recent changes in the way public services are delivered A marked increase in the cooperation between the public and private sector in the realization of complex projects, mostly concerning development of infrastructure, is the main characteristic of present-day developing economies. The creation of new, innovative agreements is driven by the limitation of public funds and an ever-growing demand for an increase in the quality of public services. Looking upon the western economies experience alternatives to the traditional public sector procurement are identified in the public/private partnership. The public/private partnership can be seen as one component in the rearrangement of the public sector with a management culture that focuses on the citizen or customer. Also included in this are accountability for results, investigation of a wide variety of alternative service delivery mechanisms, and competition between public and private bodies for contracts to deliver services consistent with cost recovery and the achievement of value for money. The partnership can be realized through an array of models and in this paper priority is given to the DBFO (design-build-finance-operate) model, due to its importance in implementation. The DBFO model is considered to be a synonym for the public/private partnership, as it is the most suitable for complex projects and gains the most benefits.
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Almarri, Khalid, and Halim Boussabaine. "The Influence of Critical Success Factors on Value for Money Viability Analysis in Public–Private Partnership Projects." Project Management Journal 48, no. 4 (2017): 93–106. http://dx.doi.org/10.1177/875697281704800408.
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Governments are increasingly entering partnerships with the private sector through the public–private partnership (PPP) model for the development of public projects. Value for money analysis is used to assess the viability of these ventures. This research aims to investigate the contribution of the PPP critical success factors to value for money viability analysis. Relevant data were collected through a questionnaire to establish the PPP critical success factors and value for money success criteria. Data were collected from 92 participants. The data obtained were analyzed using mean score, t-test, and regression analysis. The research found that government guarantees, macroeconomic conditions, shared authority between the public and private sectors, social support, and transparent procurement process contributed positively to value for money viability analysis. The results imply that practitioners should consider these key indicators for improving the value for money viability of PPP projects.
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Hossain, Mohammad, Ross Guest, and Christine Smith. "Performance indicators of public private partnership in Bangladesh." International Journal of Productivity and Performance Management 68, no. 1 (2019): 46–68. http://dx.doi.org/10.1108/ijppm-04-2018-0137.
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Purpose The purpose of this paper is to develop weights of key performance areas (KPAs) and performance indicators for public private partnerships (PPPs) in Bangladesh. Since a variety of PPP arrangements is observable, different performance measurement approaches exist in the literature. However, analysing the relative importance of indicators influencing the performance score of particular projects using the perspective of developing countries remains unexplored. Design/methodology/approach The authors’ method involves application of the analytical hierarchy process (AHP) to develop weights for eight KPAs for which 41 contributing performance indicators have been developed. In total, 68 respondents (62 per cent of the PPP practitioners in Bangladesh) participated in a structured questionnaire survey and their judgements have been found to be consistent, using consistency ratios, a geometric consistency index and one-way ANOVA test. Findings “Feasibility analysis”, “life cycle evaluation and monitoring” and “optimal risk allocation” are the most significant performance indicators in Bangladesh. “Financing” is the most important KPA, followed by “planning and initiation” and “transparency and accountability”. Interestingly, unlike the cost, time and quality measures of the public sector comparator analysis used in most developed countries, a different set of indicators and KPAs are found dominant. Research limitations/implications This suggests that performance indicators and their weights may differ for developing countries. Future research could usefully focus on testing this model in different countries and applying it to derive performance scores for individual PPPs. Originality/value An application of AHP in determining weights of the performance indicators represents a major contribution to the literature on PPP performance measurement in the developing countries including Bangladesh.
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Ishawu, Mumuni, Chen Guangyu, Emelia Darko Adzimah, and Aliu Mohammed Aminu. "Achieving value for money in waste management projects: determining the effectiveness of public–private partnership in Ghana." International Journal of Managing Projects in Business 13, no. 6 (2020): 1283–309. http://dx.doi.org/10.1108/ijmpb-02-2020-0060.
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PurposeGovernments all over the world are increasingly entering into partnership agreement with the private sector through public–private partnership (PPP) models for the development and management of public projects and services. Thus, the purpose of this study is to first examine the factors that enter into government's attitude, value for money (VFM) and PPP-based waste management projects (WMPs) in Ghana. Further, this study examines the relationship between PPP-based waste management and VFM, along with the mediating role of government's attitude.Design/methodology/approachData were collected through a survey questionnaire from four metropolitan municipal assemblies of Ghana. This study’s sample consisted of 230 respondents, and structural equation modeling was employed to conduct an empirical analysis. The structured model had evaluated the critical success factors (CSFs). Subsequently, the measurement model helped in the path analysis of the proposed model.FindingsThe authors found a nonpositive relationship between PPP-based WMPs and VFM; however, government's attitude will influence the achievement of VFM. Reliance on quality targets is ranked as the highest CSF in PPP-based WMPs in Ghana. Also, incentives for private sector participation and effective private sector participation are ranked as the least CSFs.LimitationsMost of the questionnaire's items were self -rated by employees of municipal assemblies who were not policymakers. This must have increased the possibility of common method bias. In addition, the study was limited to Ghana (a developing economy); therefore, the generalization of the results should be done with much caution.Practical implicationsThis study suggests to develop a network of private sector consortiums considering international and national participants who are engaged in PPPs in order to ensure successful delivery and hence valuing for money.Originality/valueThis study offers a novel perspective to investigate the relationship of PPP-based WMPs and VFM and shows how the government's attitude mediates this relationship.
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Cepparulo, Alessandra, Giuseppe Eusepi, and Luisa Giuriato. "Public Private Partnership and fiscal illusion: A systematic review." Journal of Infrastructure, Policy and Development 3, no. 2 (2019): 288. http://dx.doi.org/10.24294/jipd.v3i2.1157.
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Public-Private Partnerships (PPPs) are mostly presented as a means to introduce efficient procurement methods and better value for money to taxpayers. However, the complexity of the PPP mechanism, their lack of transparency, accounting rules and implicit liabilities make it often impossible to perceive the amount of public expenditure involved and the long-run impact on taxpayers, providing room for fiscal illusion, i.e., the illusion that PPPs are much less expensive than traditional public investments. This psaper, thanks to a systematic review of the literature on the EU countries experience, tries to unveil the sources of this illusion by looking at the reasons behind the PPPs’ choice, their real costs, and the sources of fiscal risks. The literature suggests that PPPs are more costly than public funding, especially when contingent liabilities are not taken into account, and are employed as mechanisms to circumvent budgetary restrictions and to spend off-balance. The paper concludes that the public sector should share more risks with private sectors by reducing the amount of guarantees, and should prevent governments from operating through a sleight of hand that deflects attention away from off-balance financing, by applying a neutral fiscal recording system.
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Murray, Edward. "Public Private Partnership in Transportation: The Case of the Washington State." Vikalpa: The Journal for Decision Makers 32, no. 2 (2007): 53–60. http://dx.doi.org/10.1177/0256090920070205.
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While the world has changed dramatically in the last five decades or so, transportation has not been able to keep pace with the overall development. However, in order to ensure prosperity of a country or a state, it is imperative that the ability to move people and products must improve. This paper examines the status of transportation infrastructure and its funding in the State of Washington, USA and suggests some new approaches towards public-private partnership (PPP) in the area. In the process, the success and some of the challenges of PPP are also discussed. In the US, traditionally, people were not charged direct tax such as a toll for using the roads, the primary mode of financing transportation being gas tax. The new sources of revenue collection being developed include: Specific roadway pricing Mileage-based user fees Real-time variable rate roadway pricing. Traditionally, in the US, the public sector shouldered the main responsibility for managing transportation�acquire right-of-way (ROW), design, finance, operate, own, and maintain while the private sector was only allowed to build roads following all the regulation and permits introduced by the government. The reformed PPP model awards ‘design-build’ contracts on a competitive ‘best-value’ basis instead of the conventional ‘low-bid’ basis and thus turn over the design build responsibility to the private sector leaving with the government the financing and maintenance of the roads. The idea is to give road to everybody while allowing the private sector to earn some profit and the public sector to save some money. However, PPP could face a problem if: the traffic and revenue estimates are wrong traffic and revenue risks are taken by private sector but at a huge price construction costs are underestimated the people do not accept the proposition the PPP legislation is not favourable. For any infrastructure project such as transportation to succeed, what is most critical is a set of factors including feasibility, essentiality, reliable revenue forecasts, collateral, credibility, political stability, and transparency. Above all, the government has the responsibility to all its citizens while the private sector is accountable to its stockholders and business partners. What is therefore important is to see how the two parties meet their obligations while building a suitable transportation infrastructure.
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Syed Sohaib, Zubair, Ali Khan Mukaram, and Saeed Aamir. "ETHICAL RISKS IN PUBLIC-PRIVATE PARTNERSHIPS: THE CASE OF LAHORE WASTE MANAGEMENT COMPANY." Public Administration Issues, no. 5 (2021): 56–72. http://dx.doi.org/10.17323/1999-5431-2021-0-5-56-72.
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The world is coming up with new solutions to old problemsin orderto improve efficiency and effectiveness in public service delivery. Public-Private Partnership (PPP) isarelatively new form of participatory governance. This approach is linked with New Public Management (NPM) and, since its inception, the private sector has taken over the entire world despite incongruence and incompatibility in indigenous values and cultures. PPPis also claimed to be the best solution in terms of service delivery; however, its effectiveness is yet to be achieved. The purpose of this study is to find the effectiveness ofthePPP mode of governance. This study is qualitative in nature and has taken one entity based on PPP as a case,i.e. Lahore Waste Management Company (LWMC),in orderto study the impact of this solution to all,theills of public service delivery. Fourteen officialswere interviewed in this studyof LWMC (a quasi-governmental institution) and its private partners. Findings suggest that this PPP mode has major ethical risks in the form of lack of transparency in awarding contracts, equity-efficiency trade-off, overall conflict of philosophy of public and private sector, low professionalism, value for money (compromise on cost and quality), and weak accountability mechanisms.
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Nuwagaba, Innocent, and Thekiso Molokwane. "A Qualitative Analysis of Public Private Partnership (PPP) Project Contracts in the Roads Sector. A Contextual Elucidation of Uganda National Roads Authority (UNRA)." International Journal of Business Administration 11, no. 5 (2020): 44. http://dx.doi.org/10.5430/ijba.v11n5p44.
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Public Private Partnership Projects continue to gain momentum across the world. Governments in developing countries now find PPP projects as an alternative to conventional financing and providing public infrastructure. Guided by the principal agency theory, this study examines different types of PPP Project contracts in the roads sector with specific focus on the Uganda National Roads Authority (UNRA). Contracting out of projects in the roads sector has led to increased costs of road construction in Uganda. The main objectives of this study are to examine the relevance of the principal-agency theory to the adoption of PPP project contracts by UNRA and establish the types of PPP Project contracts suitable for adoption by UNRA. Data was collected through literature survey and interviews. Study findings revealed that Principal-Agency theory is relevant to adoption of PPP project contracts and that UNRA intends to use mainly management PPP contract. It is concluded that principal-agent relationship is very crucial if the execution of PPP Project contracts is to be a success and that there is a very high chance that UNRA is planning to also adopt the use of Build, Own and Transfer (BOT) PPP Project contract in the roads sector. The study recommends that UNRA should ensure a cordial relationship with private parties and not rely solely on management PPP contracts. The organisation should explore other PPP project contracts such as Private Finance Initiative, Leasing, Design Build, Build Operate and Transfer, and then Design Build and Finance. The choice of contracts should always be based on affordability and value for money.
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Yuan, Jingfeng, Xuewei Li, Yongjian Ke, Wei Xu, Zhao Xu, and M. Skibnewski. "Developing a building information modeling–based performance management system for public–private partnerships." Engineering, Construction and Architectural Management 27, no. 8 (2020): 1727–62. http://dx.doi.org/10.1108/ecam-06-2019-0328.
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PurposeEffective performance management (PM) in public–private partnership (PPP) projects is critical to realizing value for money (VFM). This study aims to provide an in-depth understanding of problems existing in PPP PM and possible avenues for improvement, presenting an experimental system to verify that building information modeling (BIM) and other information communication technologies can improve PPP PM.Design/methodology/approachThe mixed research method adopted in this study combined empirical research with experimental research. Semistructured interviews were used to ascertain the current situation of PPP PM with the help of Nvivo software. A BIM-based performance management system (BPMS), which combines BIM with Web and Cloud technology, was then constructed to achieve performance monitoring, performance measurement, and performance-based payment. Finally, a case study was introduced to explain the function application of the proposed system.FindingsThe case demonstration verified is found to verify that the developed BIM-based execution framework for PPP PM can effectively guide stakeholders toward achieving mixed PM, promote effective PM, and improve work efficiency with the support of BIM and other information and communication technologies.Originality/valueThrough the development of a BPMS for PPP projects, the effectiveness and efficiency of PM are improved. Practical PM applications are also provided to different stakeholders, through which the key performance indicators and the behaviors of the government and private-sector partners can be monitored to form a more comprehensive and reasonable PM mechanism and promote the realization of VFM in PPP projects.
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Shalaby, Amira, and Amr Hassanein. "A decision support system (DSS) for facilitating the scenario selection process of the renegotiation of PPP contracts." Engineering, Construction and Architectural Management 26, no. 6 (2019): 1004–23. http://dx.doi.org/10.1108/ecam-01-2018-0010.
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Purpose Public private partnership contracts tend to have longer contract durations compared to other conventional procurement methods. A contract renegotiation becomes inevitable in most of the cases. The renegotiation process usually develops a number of scenarios in order to regain the contract equilibrium. The purpose of this paper is to facilitate the renegotiation process by offering an automated system to select the optimum renegotiation scenario that preserves the rights and the interests of the project stakeholders. Design/methodology/approach The common renegotiation scenarios used are: increasing the service charges, increasing the concession period or paying a lump sum amount to the party of concern in order to maintain a fixed rate of return and keep the return on equity constant. In this paper, a method of selecting the optimum scenario among the different scenarios is proposed. This is done using a weighted sum model to calculate the weights and ranks of a number of factors influencing the stakeholders’ decisions. A DSS is developed with the aid of Microsoft Excel, VBA programming language, and the Precision Tree 5.5 for Excel add-in. Findings The renegotiation process has been facilitated by using an automated system that maximizes the benefits of both the public sector and the private sector. The optimum renegotiation scenario has been selected for the case of the model. Originality/value The developed framework is of great benefit to project stakeholders, including the private sector, the public sector and the users of the service. It saves time and money invested in lengthy negotiations, and it enforces transparency and mutual trust between the different parties by providing a tool that significantly minimizes conflicts during the renegotiation process and defines clear steps to be followed in order to reach an agreement that will maximize the benefits for both the private and the public sectors.
Dissertations / Theses on the topic "Public private partnership; Value for Money; Public sector comparator"
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Gracová, Kateřina. "Potential use of PPP at the reconstruction of prison in Uherské Hradiště." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-126807.
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The aim of my thesis is to consider the usage of PPP method by the reconstruction of the object of former prison in town Uherské Hradiště using the methodology of the Ministry of Finance of the Czech Republic. In the theoretical part the description of the PPP method and its features is given. In the practical part the simplified financial model for project is counted. The outcomes of the model should be taken from the public sector point of view as the basic source for making decision if PPP method is the most efficient for this project.
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Paixão, Rúben José Freitas. "Measuring value for money in public private partnerships: a review of the public sector comparator in Australia, Canada, New Zealand and United Kingdom." Master's thesis, Instituto Superior de Economia e Gestão, 2012. http://hdl.handle.net/10400.5/4622.
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Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais<br>Public-Private Partnerships are defined by the OCDE (2008) as "an agreement between the government and one or more private partners (which may include the operators and the financers) according to which the private partners deliver the service in such a manner that the service delivery objectives of the government are aligned with the profit objectives of the private partners and where the effectiveness of the alignment depends on a sufficient transfer of risk to the private partners". Due to their characteristics and due to governments' limited ability of funding public infrastructures projects, they are becoming part of the government's portfolio as a good solution to fill the "infrastructure gap". We undertake OECD (2008) assembly of the top ten countries with the largest public-private partnerships deals in 2003 and 2004 and, we select those countries that have more formalised policy regarding the use of the public sector comparator and those that are more quoted in the literature (Australia, Canada and United Kingdom). We also select New Zealand because they already adopt the public sector comparator methodology even thought there percentage of public-private partnerships projects is not so expressive in the public investment as the other countries that we analysed. The purpose of this work is to find which methodologies are implemented, while establishing a comparison between all four countries. Several conclusions arise from our investigation. We found that all four countries adopt the public sector comparator in order to assess bids, and it is always created in the early phases of the project plan. We also observe that they all use different methodologies with the same purpose: achieving value for the taxpayers. However, there are substantial differences on the methodologies developed in each country.<br>Parcerias Público-Privadas são definidas pela OCDE (2008) como "um acordo entre o governo e um ou mais parceiros privados (que podem incluir os operadores e os financiadores), segundo a qual os parceiros privados entregam um serviço de tal forma que o objectivo de prestação de serviços do governo esteja alinhado com o objectivo de lucro dos parceiros privados e onde a eficácia do alinhamento depende de uma transferência suficiente de risco para os parceiros privados ". Devido às suas características e, devido à limitada capacidade dos governos de financiar projetos de infra-estruturas públicas, as parcerias público-privadas têm vindo a tornar-se uma boa solução para preencher o "gap de infra-estruturas". Analisamos o estudo da OCDE (2008) que aborda o conjunto dos dez países com os maiores negócios parcerias público-privadas em 2003 e 2004 e, selecionamos os países que têm uma política formalizada quanto à utilização do comparador do sector público, tendo em consideração aqueles que são mais citados pela literatura (Austrália, Canadá e Reino Unido). Selecionamos também a Nova Zelândia porque já adota a metodologia do comparador, ainda que a percentagem de projetos em parcerias público-privadas não seja tão expressivo no investimento público como os outros países que analisamos. O objetivo deste trabalho é encontrar metodologias que são aplicadas, ao estabelecer uma comparação entre os quatro países. Várias conclusões podem ser retiradas da nossa investigação. Concluímos que todos os países em análise utilizam o comparador para avaliar as propostas e que este é criado nas primeiras fases do desenvolvimento do projecto. Observamos também que todos os países em análise utilizam metodologias diferentes mas sempre com o mesmo objectivo: maximizar o valor para os contribuintes. Contudo, verificamos que existem diferenças substanciais entre as metodologias desenvolvidas por cada país.
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Curado, Vera Lúcia Canatário Ribeiro. "A experiência portuguesa de renegociações das parcerias público privadas." Master's thesis, Instituto Superior de Economia e Gestão, 2013. http://hdl.handle.net/10400.5/11038.
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Mestrado em Ciências Empresariais<br>Num contexto onde as Parcerias Público Privadas (PPP) são um modelo privilegiado de cooperação entre o sector privado e público, importa entender a sua evolução em diferentes fases. Só assim é possível minimizar algumas das suas fragilidades entre as quais se destacam os pedidos de renegociação.
Neste âmbito e com base nos dados disponibilizados em relatórios da Direção Geral do Tesouro nomeadamente de auditorias às PPP, foi analisada a evolução do número de PPP contratadas anualmente entre 1995 e 2010 assim como o número de pedidos de renegociação por tipo de pagamento, pedido, sector, fase de contrato, fator gerador do pedido de renegociação e valores financeiros envolvidos até 31 de Dezembro de 2012.
Dos dados analisados conclui-se que as sucessivas alterações legislativas são o principal fator gerador, tornando o sector rodoviário, que por si já tem o maior número de PPP contratualizadas, como o sector com mais pedidos de renegociação. O facto do pagamento no sector ferroviário, o segundo com maior número de pedidos de renegociação, ser por tráfego torna o défice da procura como o fator gerador de renegociação maioritário para este sector. Nos pedidos de renegociação analisados e conforme dados disponibilizados, verificou-se que a maioria (37%) decorre 4 anos depois do início do contrato sendo 67% em fase de exploração. Aos pedidos aceites e com montante aprovado pelo concedente, espera-se um aumento do encargo público. Este aumento resulta dos 166 pedidos ainda em apreciação onde 30% representam 1408 milhões de euros, montante solicitado pelo concessionário.<br>In a context where PPPs are a privileged model of cooperation between private and public sectors, it is important to understand its evolution on the different phases. Only then will be possible to minimize some of its fragilities among which renegotiation requests stand out
In this sense and based on the reports available by the Direção Geral do Tesouro in particular PPP audits, the evolution of the amount of PPP annually contracted between 1995 and 2012, the number of renegotiation requests per type of payment, sector, contract phase, generating factor for renegotiation requests and related financial values involved were analyzed till 31th of December 2012.
From the data analyzed the conclusion was that consecutive changes in the legislation is the main factor, turning the road sector that by itself has the largest number of PPP contracted, as the sector with more renegotiation requests. The fact that the payment in the rail sector, second with biggest number of renegotiation requests, is done per traffic turns the demand deficit as the main factor for renegotiation in this sector. In the analyzed renegotiation requests and according to the data made available, the majority (37%) occurs during the first 4 years after the beginning of the contract while 67% are in the exploration phase. For the accepted requests and with the amount approved by the grantor, it is to be expected an increase on the public responsibility.
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Campos, Pedro Guilherme Alves Águas Guedes de. "Comprador público-privado no sector das águas em Portugal." Master's thesis, Instituto Superior de Economia e Gestão, 2005. http://hdl.handle.net/10400.5/711.
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Mestrado em Economia e Política da Energia e do Ambiente<br>O tema desta tese centra-se na construção de um instrumento de análise e comparação económica de duas formas distintas de contratação pública para a execução de infra-estruturas e prestação de serviços de utilidade pública: o Comparador Público-Privado (CPP). Contrapõem-se aqui a "contratação pública tradicional" - contratação da construção de uma determinada infra-estrutura (contratação de inputs) que será posteriormente explorada pelo próprio Estado, assumindo directamente a obrigação da prestação do serviço - à "contratação pública em regime de parceria público-privada" -o Estado, assumindo-se como regulador do serviço público, opta por contratar um serviço a longo prazo (contratação de um output), transferindo a responsabilidade da construção e posterior exploração para o Sector Privado. Este por sua vez proporá uma forma de gestão incorporando a noção de ciclo de vida do projecto, que poderá trazer inovações e benefícios económicos, se avaliados numa lógica do Valor Líquido Actual do projecto. A metodologia iniciada e materializada pela taskforce holandesa para Parcerias e que, passados dois anos, começa a ser exportada com as devidas adaptações pelo o Reino Unido, parte do princípio que a construção do CPP deverá preceder e fundamentar a opção política entre as duas alternativas de contratação referidas. A sua principal particularidade é, para além de comparar custos e receitas numa lógica de ciclo de vida do projecto, avaliar também os riscos das duas opções de contratação, ponderando-os na avaliação final. Neste trabalho utilizou-se o CPP para avaliar a adequabilidade e racionalidade económica do aprofundamento da participação do Sector Privado no Sector das Aguas, mais concretamente para um caso específico de subconcessão de uma ETAR, num Sistema Multimunicipal. E de salientar a actualidade deste tema já que, sendo consensual que sem maior co-financiamento do Sector Privado não será possível garantir, nos timings definidos, os níveis de qualidade do serviço e de atendimento previstos no PEAASAR, a instabilidade política que se tem vivido não tem permitido dar passos definitivos sobre a matéria.<br>This work focuses on the construction of an analytical instrument - the Public Private Comparator (PPC) - to appraise and compare the two distinctive public procurement procedures for contracting the construction of infrastructures aimed to provide a specific public service. On the one hand, the traditional public procurement procedures - on which it is contracted the construction of a specific infrastructure, on an input basis, that will be managed and explored directly by a public entity. On the other hand, the public procurement of a public-private partnership - on which the State chooses to contract the long-term provision of a service, on an output basis, transferring responsibility to the private partner as the State becomes a regulator of the service. The private party will think on the project's life cycle and therefore will manage the problems, coming up with innovations that, if evaluated on a Net Present Value basis, will bring up economical benefits. This methodology firstly implemented by the Dutch partnerships taskforce and which, two years later is being followed by other countries as the UK, holds on the fact that the PPC construction shall precede and support the political decisions for the form of contracting to be conducted. Its main particularity is, besides comparing costs and gains on a project's life cycle basis, to evaluate the risks of the two alternative procurement options, weighting them on the final evaluation. On the case study, the PPC was used to access for the suitability and economical rationale of promoting a stronger private participation on the Water Sector, more specifically on the sub-concession of a WWTP on a multi-municipal system. This theme is of major interest, as the strict timetable of the Portuguese Water Strategy foresees bigger achievements on the quality and level of attendance, that seem to be only achievable with a stronger co-financing private participation on the near future.
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Pombeiro, António Almeida Figueiredo Barbosa. "As PPP/PFI - parcerias público privadas e a auditoria destas pelas instituições supremas de auditoria." Master's thesis, Instituto Superior de Economia e Gestão, 2002. http://hdl.handle.net/10400.5/3355.
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Mestrado em Gestão/MBA<br>O problema em investigação que a Tese desenvolve é o da construção de um modelo alternativo de «procurement» para a Administração Pública que minimize os vícios e limitações do «procurement» tradicional e aumente a economia, eficiência e eficácia desta no provimento das necessidades públicas. A Tese desenvolve-se ao longo de cinco capítulos, sendo o primeiro consagrado à delimitação e relevância do tema, o segundo à caracterização e análise do «procurement» tradicional e o terceiro à definição, caracterização e análise do modelo alternativo proposto, o «procurement» PPP/PFI. O propósito do quarto capítulo é o de fornecer princípios de boa prática para a auditoria do «procurement» PPP/PFI, no âmbito das Instituições Supremas de Auditoria. O quinto capítulo conclui, no plano teórico dedutivo, sobre as vantagens e os riscos do «procurement» PPP/PFI reconhecendo-o como um modelo prescritivo e contingencial cuja adequabilidade a cada caso e correcta aplicação é indispensável para que atinja a plenitude dos seus efeitos. Em consequência, recomenda uma atenção particular nas auditonas a realizar pelos órgãos superiores de controlo e bem assim a adopção, nestas, de um corpo de princípios de boa prática cobrindo as áreas de risco assinaladas. Termina o capítulo com as conclusões sobre o «procurement» PPP/PFI confirmadas ou pelo menos não contraditadas pelos trabalhos de «research» realizados e conhecidos até à data.<br>The first three chapters of this dissertation aim to define characterise and analyse the Public Private Partnerships and more specifically its most generalized model, the PFI -Private Finance Initiative by contrast with traditional procurement. The analyses and characterization is based on Spain, France, UK and USA experience. Unfortunately, at the time, for Portugal, there was no documentation available on the subject, except audit reports on the first PPP/PFI contracts, signed by «Tribunal de Contas», the Supreme Audit Institution of Portugal, which were studied and considered, as mentioned in the bibliography. Along with the characterisation and analysis of PFI are deducted, on theory, the advantages and risks of the model in its perfection. A special weight is devoted to the distinction between the traditional procurement and the PPP/PFI procurement Chapter four tries to develop guidelines on auditing of PPP/PFI procurement by the Supreme Audit Institutions. The nature of the debate about the use of public private partnerships in the delivery of public services is about more than the use of a PPP/PFI in a specific situation. Last chapter, on one hand, conclude upon the realty of PPP/PFI based on the preliminary conclusions sustained by the few research works available .and, on the other hand, explores the implication of PPP/PFI expansion by raising the main questions which remain to be answered for lack of research.
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Doležal, Martin. "Metodický nástroj k hodnocení výhodnosti výstavby silniční infrastruktury formou PPP projektů." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2018. http://www.nusl.cz/ntk/nusl-377931.
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This diploma thesis analyses and elaborates a methodical tool for evaluating the advantage of realization of construction of road infrastructure in the form of a PPP project. Furthermore this tool is subsequent applied to a particular project. The introductory part summarizes the basic theoretical knowledge regarding the project financing in the form of public-private partnerships. In the following part, a methodological tool for comparing the value for money based on different methods of realization. In the last part of the diploma thesis, this methodical tool is applied to a specific project, including a basic feasibility study.
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Jílek, Petr. "Výběr kvantitativních a kvalitativních metod pro komplexní hodnocení PPP projektů." Doctoral thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-264252.
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Abstract Dissertation deals with theoretical concepts and providing the basis for the use of forms of financing and acquisition of public goods and services through partnerships between the public and private sectors, as well as PPP (Public Private Partnership). Suitability PPP project in this work is assessed primarily in terms of developing a new methodology for evaluating projects. The theoretical part of the thesis aims to clarify the issue of PPPs in the context of regional and local regional development theories, principles and mechanisms of PPP legislative and institutional backing of the PPP, clarify the distinction between PPP and public procurement procedures and current assessment of PPP projects. The practical part focuses on the development of a methodology using a selection of qualitative and quantitative methods for evaluating investments and to form a complex output that will clearly and distinctly testify about the appropriateness of using the PPP method. For this purpose it is used in work processes, which are normally used for business valuation-generators values, property valuation, yield valuation, valuation based on market analysis, combining technologies and their incorporation / recast in the current assessment methodology, which is based on a Public Sector Comparator and determinants of value for money
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Klouda, Lukáš. "Projekt Partnerství veřejného a soukromého sektoru." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2012. http://www.nusl.cz/ntk/nusl-225508.
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This thesis is about the problems of PPP projects. These are the projects, whose realization is based on the partnership of the private and public sector. This way brings new possibilities how is building and management of public infrastructure more effective. In theoretical part the basic information concerning the problems of PPP projects is described, its advantages and disadvantages, basic characters and principles. In this thesis is described actual state of PPP projects in the Czech Republic. In practical part the thesis is about specific concession project, whose realization is considered. It is the project of construction and operation of cableway to Spilberk Castle. Within this part at first the entrance data for financial models have been found, after that the financial models have been count and the analysis of sensitivity has been finished. In conclusion the evaluation of project has been done and there was the recommendation how to realize the project.
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Krucký, Martin. "Ukazatele hodnocení projektů partnerství veřejného a soukromého sektoru (PPP)." Master's thesis, 2007. http://www.nusl.cz/ntk/nusl-93650.
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Sarmento, Joaquim Miranda. "Do public private partnerships create value for money to the public sector? A financial analysis using the Portuguese experience." Master's thesis, 2009. http://hdl.handle.net/10071/1826.
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JEL Classification System: G38 - Government Policy and Regulation; H54 - Infrastructures;
Other Public Investment and Capital Stock<br>Over the last few decades, public-private partnerships have been increasable used by
governments all around the world to finance and manage complex operations. However,
doubts about if their efficiency have been raised. Criticism over public-private partnerships
reflects the fact that governments tend to use it just as an “off-budget” operation, to avoid
fiscal constraints. Literature is less than unanimous if they generate Value for Money to the
public sector. How to assess Value for Money in this type of arrangements has became
extremely important for public managers. We believe that the best way to evaluate that is by
doing a public sector comparator prior to the bid. Therefore, it is necessary to account for the costs if the decision is to make it by a public procurement versus the public-private
partnerships payments, and what discount rates to use in order to find the net present value of
the two options, in order to compare and decide which the best decision for taxpayers is. One
of the most important costs to include in a public sector comparator is the risk transfer to the
private sector, which is the ultimate motive for a greater level of efficiency. Having a notoptimal
risk allocation will reduce the probability of a good decision from public managers.
However, the scope of this work is not if the public investment should or should not be
realized. The cost-benefit analysis of the investment vs. other options should be made prior to
the analysis we describe here.<br>Nas últimas décadas tem-se assistido a um aumento da utilização de parcerias público –
privadas em todo o mundo, permitindo aos governos financiar e gerir projectos complexos
com o apoio do sector privado. Contudo, tem sido bastante discutido se este tipo de acordos
gera eficiência para o sector público. Críticos tendem a referir que as parcerias públicas –
privadas são usadas com o intuito exclusivo de desorçamentação, não havendo qualquer
preocupação se geram valor acrescentado para o sector público. Como medir o Value for
Money tornou-se crucial para os gestores públicos. Consideramos que a melhor forma de o
fazer é utilizar um comparador do sector público anterior à negociação. Assim, é necessário
apurar todos os custos da alternativa pelo sector público versus os pagamentos à parceria
público – privada. Estes valores devem ser apurados em termos de valor actual líquido, a
taxas de desconto apropriadas. Um dos custos mais importante a incluir será o dos riscos
alocados ao sector privado, que é a principal motivação para maiores níveis de eficiência por
parte dos privados. Se o contrato for feito sem uma alocação óptima desses riscos, a
probabilidade de os gestores públicos terem tomado a melhor decisão é bastante reduzida.
Contudo, é importante compreender que o objectivo deste trabalho não é se aquele é o melhor
investimento público face às alternativas, mas sim qual a melhor opção para a sua
implementação. A análise custo -benefício desta opção de utilização dos dinheiros públicos
versus outras opções deve ser realizada a priori.
Book chapters on the topic "Public private partnership; Value for Money; Public sector comparator"
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Merna, Tony, and Douglas Lamb. "Application of Risk Analysis in Privately Financed Projects: The Value For Money Assessment through the Public Sector Comparator and Private Finance Alternative." In Policy, Finance & Management for Public-Private Partnerships. Wiley-Blackwell, 2009. http://dx.doi.org/10.1002/9781444301427.ch20.
Full textConference papers on the topic "Public private partnership; Value for Money; Public sector comparator"
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Keçi, Julinda. "Infrastructure Public Private Partnership Implementation and Risk Management – Lessons from Albanian Approach." In IABSE Symposium, Guimarães 2019: Towards a Resilient Built Environment Risk and Asset Management. International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/guimaraes.2019.0900.
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<p>Public Private Partnerships (PPPs) are being frequently used today to offer large infrastructure projects in the Western Balkan. In a small country like Albania, today there are more than 170 infrastructure PPPs, counted mainly in hydropower and road sector. Their application aims to provide funds to reduce the existing gap between the available budget and public expenses, expand investments in infrastructure as a major drive of economic development, improve the quality of services and the efficiency of project delivery, optimize resource utilization, commercial valuation of public assets and achieve optimal risk allocation.</p><p>The purpose of this paper is to study and review the application of PPPs for large infrastructure projects, highlighting lessons learnt from Albanian approach. The focus will be on implementation framework and risk management. The study uses a combined approach: questionnaire survey- targeting the applied PPPs in Albania- to identify the main risks encountered and their allocation preferences, and case study approach to investigate the phenomena within its real-life context. Three case studies are chosen: Mother Teresa Airport Terminal, as a representative of infrastructure project, in its operation phase; ASHTA HPP, as representative of a PPP in hydro energy, in its operation phase; Devolli HPP, as a hydropower concession, in its construction phase. Observations and documentation review-aimed to identify the phases and procedures, and semi structure interviews- aimed to identify the main risks, their allocation and treatment, are used.</p><p>The findings of the study are organized in three parts: First, the qualitative study identified the mostly used PPPs, their main risks and allocation preferences. Secondly, the case study review and third, lessons learned for future applications, such as the need for lifecycle value for money analysis on procurement methods, unsolicited proposals implications, lack of negotiation phase contractual cost implication, lack of social assessment requirement.</p>