Global Developments in Public Infrastructure Procurement

Evaluating PublicPrivate Partnerships and Other Procurement Options

Business & Finance, Economics, Public Finance
Cover of the book Global Developments in Public Infrastructure Procurement by Darrin Grimsey, Mervyn K. Lewis, Edward Elgar Publishing
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Author: Darrin Grimsey, Mervyn K. Lewis ISBN: 9781785366192
Publisher: Edward Elgar Publishing Publication: November 24, 2017
Imprint: Language: English
Author: Darrin Grimsey, Mervyn K. Lewis
ISBN: 9781785366192
Publisher: Edward Elgar Publishing
Publication: November 24, 2017
Imprint:
Language: English

There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods with well-researched strengths and weaknesses the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.

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There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods with well-researched strengths and weaknesses the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.

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