Risks, contracts, and private-sector participation in infrastructure

Journal of Construction Engineering and Management

Volumn 137, Issue 11, 2011, Pages 925-932

  Marques, Rui Cunha ^a,b,c   Berg, Sanford ^c  

^a UNIVERSITY OF LISBON   (Portugal)

^b UNIVERSITY OF LISBON   (Portugal)

^c UNIVERSITY OF FLORIDA   (United States)

Author keywords

Contracts; Infrastructure; Private sector participation; Public private partnerships; Risks; Water utilities

Indexed keywords

CONTRACTUAL PARTIES; INFRASTRUCTURE; KEYPOINTS; NETWORK SERVICES; PORTUGAL; PRIVATE SECTORS; PRIVATE-SECTOR PARTICIPATION; PUBLIC AND PRIVATE SECTOR; PUBLIC PRIVATE PARTNERSHIPS; WATER SECTOR; WATER UTILITIES; WATER UTILITY;

CONTRACTS; ELECTRIC UTILITIES; INTERNET PROTOCOLS; MERGERS AND ACQUISITIONS; RISKS; WATER SUPPLY;

PUBLIC RISKS;

EID: 83755195604     PISSN: 07339364     EISSN: None     Source Type: Journal    
DOI: 10.1061/(ASCE)CO.1943-7862.0000347     Document Type: Article

References (38)

1. Akintoye, A.; Beck, M.; Hardcastle, C. (2003). Public-Private Partnerships - Management Risks and Opportunities. Balckwell Science, Oxford.
2. Asenova, D. (2010). Risk Management in Private Finance Initiative Projects: the Role of Financial Services Providers. Lambert Academic Publishing, Saarbrücken.
3. Boardman, A.; Vining, A. (1989). Ownership and performance in competitive environments: a comparison of the performance of private, mixed, and state-owned enterprises. Journal of Law and Economics, Vol. 32, no. 1, pp. 1-33.
4. Cooper, D. F.; Grey, S.; Raymond, G.; Walker, P. (2005). Project Risk Management Guidelines: Managing Risk in Large Projects and Complex Procurements. John Wiley & Sons Ltd, West Sussex.
5. Crampes, C.; Estache, A. (1998). Regulatory trade-offs in the design of concession contracts. Utilities Policy, Vol. 7, no. 1, pp. 1-13.
6. Delmon, J. (2009). Private Sector Investment in Infrastructure: Project Finance, PPP Projects and Risk. 2nd Edition, co-published by The World Bank and Kluwer Law International.
7. Engel, E.; Fischer, R.; Galetovic, A. (2001). Least-present-value-of- revenue auctions and highway franchising. Journal of Political Economy, Vol. 109, no. 5, pp. 993-1020.
8. Flyberg, B.; Holm, M.; Buhl, S. (2002). Understimating costs in public work projects: Error or lie? Journal of the American Planning Association, Vol. 68, no. 3, pp. 279-293.
9. Froud, J. (2003). The private finance initiative: risk, uncertainty and the state. Accounting, Organizations & Society, Vol. 28, no. 6, pp. 567-589.
10. Glaister, S.; Scanlon, R.; Travers, T. (2000). Getting public-private partnerships going in transport. Public Policy and Administration, Vol. 15, no. 4, pp. 50-71.
11. Grimsey, D.; Lewis, M. (2002). Evaluating the risks of public private partnerships for infrastructure projects. International Journal of Project Management, Vol. 12, no. 2, pp. 68-74.
12. Grimsey, D.; Lewis, M. (2004). Public-Private Partnerships. Edward Elgar, Cheltenham.
13. Guasch, J. (2004). Granting and Renegotiating Infrastructure Concessions: Doing it Right. World Bank, Washington, D.C.
14. Haarmeyer, D.; Moody, A. (1998). Tapping the private sector: Approaches to managing risk in water and sanitation. Journal of Project Finance, Vol. 4, no. 2, pp. 7-23.
15. Hodge, G.; Greve, C. (2005). The Challenge of Public-Private Partnerships: Learning from International Experience. Edward Elgar Pub., Cheltenham.
16. Jin, X.H.; Doloi, H. (2008). Interpreting risk allocation mechanism in public-private partnership projects: an empirical study in a transaction cost economics perspective. Construction, Management and Economics, Vol. 26, no. 7, pp. 707-721.
17. Ke, Y.; Wang, S.; Chan, A. (2010). Risk allocation in public-private partnership infrastructure projects: a comparative study. Forthcoming in Journal of Infrastructure Studies.
18. Li, B.; Akintoye, A.; Edwards, P.; Hardcastle, C. (2005). The allocation of risk in PPP/PFI construction projects in the UK. International Journal Project Management, Vol. 23, no. 1, pp. 25-35.
19. Lissauer, R.; Robinson, P. (2001). A Learning Process: Public Private Partnerships in Education. Institute for Public Policy Research, London.
20. Loosemore, M.; Raftery, J.; Reilly, C.; Higgon, D. (2006). Risk Management in Projects. Taylor & Francis, London.
21. Marques, R.; Berg, S. (2009). Revisiting the strengths and limitations of regulatory contracts in infrastructure industries. PURC Working Paper 14, University of Florida, Gainesville. Forthcoming in Journal of Infrastructure Systems.
22. Marques, R. (2008a). Comparing private and public performance of Portuguese water services. Water Policy, Vol. 10, no. 1, pp. 25-42.
23. Marques, R. (2008b). The yardstick competition regulatory model: Discussing the Portuguese experience. Water Science and Technology: Water Supply, Vol. 8, no. 5, pp. 541-549.
24. Marques, R. (2010). Regulation of Water and Wastewater Services. An International Comparison. IWA publishing, London. Forthcoming.
25. Marra, A. (2007). Internal regulation by mixed enterprises: the case of the Italian water sector. Annals of Public and Cooperative Economics, Vol. 78, no. 2, pp. 245-275.
26. Murphy, T. (2008). The case for public-private partnerships in infrastructure. Canadian Public Administration, Vol. 51, no. 1, pp. 99-126.
27. NAO (2003). PFI: Construction Performance. National Audit Office, London.
28. Ng, A.; Loosemore, M. (2007). Risk allocation in the private provision of public infrastructure. International Journal of Project Management, Vol. 25, no. 1, pp. 66-76
29. Nisar, T. (2007). Risk management in public-private partnership contracts. Public Organization Review, Vol. 7, no. 1, pp.1-19.
30. OECD (2009) Private Sector Participation in Water Infrastructure. Organisation for Economic Co-Operation and Development and International Water Association Publishing, London.
31. Quiggin, J. (2004). Risk, PPPs and the public sector comparator. Australian Accounting Review, Vol. 14, no. 2, pp. 51-61.
32. Reeves, E. (2003). Public-private partnerships in Ireland: policy and practice. Public Money & Management, Vol. 23, no. 3, pp. 163-170.
33. Seppälä, O.; Hukka, J.; Katko, T. (2001). Public-private partnerships in water and sewerage services: Privatization for profit or improvement service and performance. Public Works Management & Policy, Vol. 6, no. 1, pp. 42-58.
34. Vining, A.; Boardman, A. (2008a). Public-private partnerships. Eight rules for governments. Public Works Management & Policy, Vol. 13, no. 2, pp. 149-161.
35. Vining, A.; Boardman, A. (2008b). Public-private partnerships in Canada: Theory and evidence. Canadian Public Administration, Vol. 51, no. 1, pp. 9-44.
36. Williamson, O. (1979). Transaction-cost economics: the governance of contractual relationships. Journal of Law and Economics, Vol. 22, no. 2, pp. 233-261.
37. Zitron, J. (2006). Public-private partnership projects: Towards a model of contractor bidding decision-making. Journal of Purchasing & Supply Management, Vol. 12, no. 2, pp. 53-62.
38. Yescombe, E. (2007). Public-Private Partnerships: Principles of Policy and Finance. Elsevier Science, Amsterdam.