Reframing public private partnerships through 'performance' contracting

Thomson, J 2017, 'Reframing public private partnerships through 'performance' contracting' in Yuzhe Wu, Sheng Zheng, Jiaojiao Luo, Wei Wang, Zhibin Mo, and Liping Shan (ed.) Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate, Springer Science+Business, Singapore, pp. 883-894.


Document type: Book Chapter
Collection: Book Chapters

Title Reframing public private partnerships through 'performance' contracting
Author(s) Thomson, J
Year 2017
Title of book Proceedings of the 20th International Symposium on Advancement of Construction Management and Real Estate
Publisher Springer Science+Business
Place of publication Singapore
Editor(s) Yuzhe Wu, Sheng Zheng, Jiaojiao Luo, Wei Wang, Zhibin Mo, and Liping Shan
Start page 883
End page 894
Subjects Innovation and Technology Management
Entrepreneurship
Logistics and Supply Chain Management
Summary Many governments and aid agencies are of the view that the use of 'performance' regulations could better meet their demands for 'value'. The use of 'performance' regulations is now mandated by some national building codes. Despite this, there has been a struggle with policy implementation. At the implementation level, owners and contractors seem as yet unready and less than willing to use 'performance' specifications, so use of 'prescriptive' specifications prevails. In addition, there is no universally accepted, legally binding 'performance' contract. This research finds that the use of 'performance' specifications by an owner to express 'value' requirements can be responded to by tenderers using 'prescriptive' specifications. The use of an interpretative methodology, a case study and interviews/correspondence with various stakeholders demonstrates the validity of this research, which could now be extended to public private partnership projects. Pre-contract award, critical success factors include the use of a 'performance' contract and a competitive tendering process which favours innovation, with tender selection based on 'value' rather than lowest price. Post contract award, these arrangements provide opportunity for owner or contractor to be innovative within the contract structure.
Copyright notice © Springer Science+Business Media Singapore 2017
Keyword(s) Performance
Prescription
Value
Public private partnerships
Contract
Specification
DOI - identifier 10.1007/978-981-10-0855-9_78
ISBN 9789811008542
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