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Infrastructure Public-Private Partnerships - Decision, Management and Development (Hardcover, 2013 ed.)
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Infrastructure Public-Private Partnerships - Decision, Management and Development (Hardcover, 2013 ed.)
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Economic development and social welfare depend on the existence of
effective and efficient infrastructure systems, particularly in
health, energy, transportation and water, many of which are
developed and managed through Public-Private Partnerships (PPPs).
However, empirical evidence suggests some pitfalls in the use of
these PPP arrangements. This book addresses these issues, focusing
on mostly three key questions: How to improve the robustness of the
decision-making process leading to the option of PPP? How to
improve contract management as the longest phase of the process?
How can contracts be improved to accommodate uncertainty and avoid
harmful renegotiations? The authors explore the concept of flexible
contracts, the uncertainty modeling for improving the robustness of
the decision-making process, and develop an overall framework for
effective contract management, along with a comprehensive analysis
of current renegotiation patterns. The ultimate goal is to improve
the contractual performance, as well as the overall infrastructure
management and social welfare.
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