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‘Rational Choice’ PPP procurement selection decision tool for delivering project specific VfM objectives

M. Gambo, Muhammad and Gomez, Christy Pathrose (2014) ‘Rational Choice’ PPP procurement selection decision tool for delivering project specific VfM objectives. In: Institute of Electrical and Electronics Engineers (IEEE) Colloquium on Humanities, Science and Engineering Research (CHUSER 2014), 7-9 April 2014, Penang, Malaysia.

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Abstract

The adoption of the Value for Money (VfM) concept in Public Private Partnership (PPP) for the delivery of infrastructure projects is facing immense criticisms, with issues relating to the VfM concept in PPP being often blurred in terms of clearly outlining its inherent advantages as to the adoption of PPP over traditional infrastructure procurement approaches. This research paper attempts to address the lack of a clear evaluative rationale to aid decision making for the adoption of the most appropriate PPP option for achieving established VfM objectives of a particular project. A comprehensive evaluative matrix is designed based on extensive literature review with respect to the relevant VfM measures embedded within particular PPP infrastructure projects that is most aligned with the established specific infrastructure project objectives. This evaluation phase can be framed within the early stages of current established conceptual frameworks of PPP infrastructure projects for the successful delivery of PPP projects. The significance of this PPP option pathfinder approach is aimed at getting it right the first time and to avoid the scenario of having to rework PPP contractual requirements to fit with unstructured decision making leading to mismatched choices on PPP options.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: infrastructure projects; public private partnership; value for money
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Technology Management and Business > Department of Construction Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 08 Mar 2015 07:42
Last Modified: 08 Mar 2015 07:42
URI: http://eprints.uthm.edu.my/id/eprint/6344
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