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Is Arbitration the Right Way to Settle Conflicts in PPP Arrangements?
Publisher: American Society of Civil Engineers
Abstract: Conflicts are common in the construction industry. The characteristics of public-private partnership (PPP) arrangements make them prone to conflicts, some of which are acute and jeopardize the success of the project. Because ...
Revisiting the Strengths and Limitations of Regulatory Contracts in Infrastructure Industries
Publisher: American Society of Civil Engineers
Abstract: This paper evaluates regulation by contract in public-private partnerships (PPPs) in infrastructure services. Although the benefits of competition for the market and of regulatory contracts are widely acknowledged, the ...
Risks, Contracts, and Private-Sector Participation in Infrastructure
Publisher: American Society of Civil Engineers
Abstract: This article examines how risk is reflected in infrastructure regulatory contracts, using examples from water utilities to illustrate key points. Partnerships between public and private sectors in intensive capital network ...
Risk-Sharing in Highway Concessions: Contractual Diversity in Portugal
Publisher: American Society of Civil Engineers
Abstract: Private sector involvement in road concessions has been one of the main options for governments to engage in large-scale road development plans. Political interference, optimism bias in demand forecasts and the absence of ...
Rocky Road of Urban Transportation Contracts
Publisher: American Society of Civil Engineers
Abstract: The provision of urban transport services entails several challenges. Past research has been concerned with economic (e.g., tariff setting and financial sustainability), technological (e.g., different modes or energy ...
Theoretical Considerations on Quantitative PPP Viability Analysis
Publisher: American Society of Civil Engineers
Abstract: Public-private partnerships (PPPs) are an innovative procurement model that appeared as an alternative to traditional methods such as public work contracts. The public sector comparator (PSC) allows decision-makers to ...
Integrating Infrastructure and Clinical Management in PPPs for Health Care
Publisher: American Society of Civil Engineers
Abstract: The worldwide development of health care infrastructures and services has been increasingly founded on public-private partnerships (PPPs). Led by the benefits of this procurement model, governments felt tempted to engage ...
Using the Economic and Financial Reequilibrium Model to Decrease Infrastructure Contract Incompleteness
Publisher: American Society of Civil Engineers
Abstract: Renegotiations are becoming an undesirable protagonist in infrastructure concessions, raising doubts about the merit of this procurement model. Renegotiations emerge as a consequence of contract incompleteness. When contracts ...
Delivering Local Infrastructure through PPPs: Evidence from the School Sector
Publisher: American Society of Civil Engineers
Abstract: This paper discusses the use of public–private partnership (PPP) contracts in the school sector. With this purpose, four Portuguese case studies are carefully examined. The authors argue that the lessons provided by the ...
Exogenous Determinants for Renegotiating Public Infrastructure Concessions: Evidence from Portugal
Publisher: American Society of Civil Engineers
Abstract: Renegotiations are frequently perceived as the Achilles’ heel of concessions. After two decades of concessions development, empirical evidence suggests a recurrent need to renegotiate contracts. What drives renegotiation? ...