Abstract: When the concept build‐operate‐transfer or BOT was first introduced in Turkey as part of its privatization program, it immediately captured the interest of other developing countries. They saw BOT as a method to finance ...

Abstract: This paper is concerned with the role of equity and level of equity investment required in a build-operate-transfer (BOT) tender. In times of decreasing ability to raise public funds for infrastructure projects, the BOT ...

Abstract: When international construction expanded in the 1960s and 1970s, owners in countries in the Middle East demanded guarantees that they could draw on like cash. Contractors often had no choice but to comply. While this ...

Abstract: The build-operate-transfer (BOT) concept is being used increasingly by governments across a number of infrastructural sectors in their drive to privatize major public projects. Governments see BOT schemes as a method of ...

Abstract: The build-operate-transfer (BOT) model of project development is implemented through the award of a concession to a private sector consortium for the financing, building, and operating of infrastructure projects. Project ...

Abstract: The two main components in the tender of a privatized infrastructure project let under the build-operate-transfer (BOT) contractual arrangement are the technical design and the financial package. This paper examines the ...

Abstract: The current Asian financial crisis has put the role of risk management in the construction business into focus. For firms engaging in the international construction business, one of the most effective means of mitigating ...

Abstract: Unexpected foreign exchange (FX) rate changes represent an important risk factor, especially in public-private partnership (PPP) infrastructure projects in developing countries. The risk exists because PPP projects typically ...

Abstract: Contractor selection is the process of selecting the most appropriate contractor to deliver the project as specified so that the achievement of the best value for money is ensured. Construction clients are becoming more ...

Abstract: The construction industry has witnessed the failure of many contractors due to varying reasons such as financial problems, poor performance, or accidents arising from the lack of adequate safety consideration at worksites. ...