StudentShare solutions
Triangle menu

Drivers for adopting public-private construction partnerships in the US, UK and Australia - Term Paper Example

Nobody downloaded yet

Extract of sample
Drivers for adopting public-private construction partnerships in the US, UK and Australia

This study also narrows the gap in the literature by collecting primary empirical data from interviews with construction company managers and owners in the US with a view to understanding their perspectives on the drivers for adopting PPPs. The results of this study are discussed and implications for practice and areas for further research are identified. Table of Contents Abstract 2 Introduction 4 Study Scope and Objectives 5 Research Methodology 5 Organization of the Research Report 6 A Review of Literature 6 Conceptualization of Public-Private Construction Partnerships 6 Public-Private Construction Partnerships in the US, UK and Australia 9 Public-Private Construction Partnerships in the US 9 Public-Private Construction Partnerships in the UK 11 Public-Private Construction Partnerships in Australia 13 Summary of Findings in the Literature 14 Empirical Evidence 14 Secondary Data: Australia 14 Secondary Data: The UK 17 Primary Empirical Evidence 19 Analysis 22 Implications for Practice 23 Areas for Further Research 23 Bibliography 25 Introduction Public-private partnerships (PPP), also known as P3s are contractual arrangements between governments and private entities/concessionaires for the construction of facilities. Under the P3 contract, the private investor typically funds the construction phase of the facility and is usually entitled to share revenues associated with the facilities (Rowlson, 2012). In addition to sharing revenues, the private entity involved in a PPP also assumes some of the risks associated with the construction project (Hodge, 2004). As a part of a trend toward more privatization of public services, the UK has increasingly adopted PPPs for the construction of government infrastructure (Spackman, 2002). A similar trend can be observed in the US with 23 states legislating for PPPs (Rowlson, 2012). PPPs have also become a part of government public management systems in Australia (English, 2006). Ke, et al. (2009) conducted a review of literature on PPPs and examined peer-reviewed articles published between 1998 and 2008. Findings indicate that research into PPPs have steadily increased from 1998 to 2008 revealing an increasing importance to the construction industry. The most popularly researched areas was the “build-operate-transfer” form of the PPP with some interest in investment conditions, governance and other areas that tend to compliment PPPs (Ke, et al., 2009, p. 1076). It would therefore appear that the drivers of PPPs is under-researched. As, Hodge and Greve (2007) note, although there is intensive interest in the popularity of PPPs, little is understood about these new partnerships in the context of traditional partnerships. Bovaird (2004) argue that although PPPs have become increasingly popular globally over the last 25 years, the definition of PPPs is difficult to conceptualize as it means different things, depending on the country involved and the project to which it applies. Thus further research is necessary for gaining a more profound understanding of PPPs, what the future of PPPs are and how best to model PPPs. This research will therefore add to current knowledge on PPPs by comparing the drivers of PPPs in the UK, the US and Australia. The UK, US and Australia are selected for this study because empirical and ...Show more

Summary

Drivers for adopting Public-Private construction Partnerships, Empirical Comparison Among U.S., U.K. and Australian construction projects By Course University Date Abstract A number of studies have been conducted on public-private partnerships (PPPs) and many of these studies are focused on comparing PPPs with traditional procurement routes…
Author : ashlynncollins
Drivers for adopting public-private construction partnerships in the US, UK and Australia essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the term paper on your topic
"Drivers for adopting public-private construction partnerships in the US, UK and Australia"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Public and Private Healthcare Facilities in Canada
This paper elaborates the changes that need to be implemented for overcoming the shortcomings of this system, compares the Canadian healthcare system with other countries like United States. This paper talks about how the proposed changes should be implemented. This paper contains a brief summary of the past, present and possible future of the Canadian healthcare system.
11 pages (2750 words) Term Paper
Importance of Cloud Computing to Public and Private Firms
This essay explores the cloud computing as one of the latest innovations in the field of Information Technology. It is a new paradigm shift to the use of the IT. It is being practiced by big and small firms and its uses range from simple web browsing to complicated applications using the Internet.
7 pages (1750 words) Term Paper
Reasons for adopting
Unlike guardianship or fostering, adoption is intended to be a permanent status change for the child (Reitz & Watson 39). As adoption is a perpetual process, there is a need for legal or religious recognition, which is part of the reason why adoption involves numerous procedures.
5 pages (1250 words) Term Paper
Construction
The role of the software includes facilitating the principle of this new approach. BIM is considered as an independent medium that monitors certain construction project in a way that it is modernize and maybe futuristic and it produces accurate results and cost savings.
4 pages (1000 words) Term Paper
Public utility management in australia
Climate change has become a workshop for the planet. The recent Conference of the Parties (COP/15) to the United Nations Framework Convention on Climate Change (UNFCCC) in Copenhagen, December 2009, concluded in a regime of strategic planning in finance, technology, operations, law and policy.i
27 pages (6750 words) Term Paper
US Public Health
As the report highlights death is an unwanted but inevitable truth which will eventually afflict all living lives. However some habits of the human beings just accelerate this affliction. An awful fact in US is that the number of deaths caused because of the preventable causes is almost 40 % in a year. 
2 pages (500 words) Term Paper
PCL Construction Paper 1
As a result of their expansive operations including engaging in complex facilities, the companies have enjoyed high revenue and profits. Similarly, the construction companies have been major sources of employment especially for
8 pages (2000 words) Term Paper
Religious diversity in the US public agencies
Instances of religious discrimination tend to happen when people from different religions are treated differently or shunned because of their
3 pages (750 words) Term Paper
Australia
This paper explores some of the attractive sites as well as the climate within this region in attempt to explain why it is a place every tourist must visit at some point. Most of the land within
2 pages (500 words) Term Paper
Climate change drivers

The author states that the smoke from mills, factories, electricity plants and other installations which emit green-house gases emissions are severely harming the natural weather pattern and system as well. Fuel combustion which normally takes place in cars and other motor vehicles is also causing damage to the natural environment.

7 pages (1750 words) Term Paper
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment