Public-Private Partnership Projects

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Mega-engineering projects in the construction industry are generally carried out by public-private partnership models with the participation of different stakeholders. This paper aims to identify the effect of stakeholder-associated risks on the success of mega-engineering projects. Therefore, the risks were determine…

• HANDE ALADAĞ
• ZEYNEP IŞIK

Purpose The UK government argues that the benefits of public private partnership (PPP) in delivering public infrastructure stem from transferring risks to the private sector within a structure in which financiers put their own capital at risk, and the performance‐based payment mechanism, reinforced by the due diligenc…

This paper identifies the theoretical stimulants and impediments associated with the implementation of PFI/PPP (Private Finance Initiative/Public Private Partnership)projects. A current defect of this procurement approach is the unintentional constraint upon the innovations incorporated into the development of PFI pro…

While the infrastructure in the United States is in need of large and immediate investment, the funds provided by public agencies are not nearly sufficient to face such a challenge. Build-operate-transfer (BOT) is a delivery/financing system that can be a solution to this problem. In this system, a private sponsor fin…

This paper seeks to develop a system for evaluating the implications of accountability and value-for-money (VFM) decisions in private finance initiative (PFI) projects from initiation through set-up, implementation and internal and external monitoring. By reviewing the extant literature on accountability and VFM, a mo…

Because delays are common in construction projects, causes of delays are widely investigated in the construction-management literature. However, there is no consensus on the relative severity of various causes of delay because severity may change with respect to project characteristics, such as the type of project and…

• CENK BUDAYAN

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Drawing on stakeholder theory, this study seeks to gain an insight into the stakeholder management strategies used by the Procuring Authority in Irish road Public Private Partnerships to manage its complex stakeholder relationships.

Within the context of New Public Management (NPM), successive UK governments have claimed that PFI projects provide more accountability, and arguably, more value for money (VFM) than conventional procurement for the public (HM Treasury 1995, 2000, 2003a and 2003b). However, recent empirical research in the UK on PFI h…

The purpose of this editorial paper is to introduce the special issue and outline its majorthemes. This special issue of Accounting Forum aims to stimulate interdisciplinary and critical research on public sector reforms, particularly in the context of Public Private Partnerships and other public sector organisations.…

• ŞEFİK İSTEMİHAN DEMİRAĞ

The uncertainty associated with future traffic levels in Build–Operate–Transfer toll road projects lead to difficulties in obtaining finance and thus to unsuccessful bids. In order to increase the attractiveness of projects for investors, governments usually provide several types of guarantees such as Minimum Revenue…

• FARUK BÜYÜKYORAN
• KADRİYE SELİN GÜNDEŞ