A risk registry for renegotiation in public private partnerships (PPP) projects: ICRAM-PPP

Khallaf, R, Naderpajouh, N and Hastak, M 2016, 'A risk registry for renegotiation in public private partnerships (PPP) projects: ICRAM-PPP', in J. L. Perdomo-Rivera, A. Gonzalez-Quevedo, C. Lopez del Puerto, F. Maldonado-Fortunet and O. I. Molina-Bas (ed.) Proceedings of the 2016 Construction Research Congress, San Juan, Puerto Rico, 31 May - 2 June 2016, pp. 2669-2678.


Document type: Conference Paper
Collection: Conference Papers

Title A risk registry for renegotiation in public private partnerships (PPP) projects: ICRAM-PPP
Author(s) Khallaf, R
Naderpajouh, N
Hastak, M
Year 2016
Conference name Construction Research Congress 2016: Old and New Construction Technologies in Historic San Juan
Conference location San Juan, Puerto Rico
Conference dates 31 May - 2 June 2016
Proceedings title Proceedings of the 2016 Construction Research Congress
Editor(s) J. L. Perdomo-Rivera, A. Gonzalez-Quevedo, C. Lopez del Puerto, F. Maldonado-Fortunet and O. I. Molina-Bas
Publisher American Society of Civil Engineers
Place of publication United States
Start page 2669
End page 2678
Total pages 10
Abstract The use of public private partnerships (PPP) as a project delivery method has passed its maturity stage as numerous PPP projects are already in the later stages of the concession period. Observation of the dynamics of PPP during this period suggested risks associated with renegotiation as the primary challenge. Renegotiation risks originate from various sources, which can be associated with the interaction of different actors within the public and private parties. In this paper, a registry framework for risks associated with renegotiation in PPP is proposed. The framework is based on the international construction risk assessment model (ICRAM-1) which grouped risks of international construction into three levels: macro level consisting of general risks associated with work in a specific country, market level consisting of risks emerging from the global construction market, and finally the project level. A systematic literature review was conducted to code risks associated with renegotiation. This coding was then contrasted with ICRAM-1 to develop a framework specific for renegotiation in PPP. The review included the research studies and models as well as case studies of PPP around the world. Finally, a hypothetical example of simulating risks identified through this framework is presented to showcase its application.
Subjects Building Construction Management and Project Planning
Construction Engineering
Copyright notice © American Society of Civil Engineers
ISBN 9780784479827
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