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Cheng, Z, Ke, Y, Yang, Z, Cai, J and Wang, H (2020) Diversification or convergence. Engineering, Construction and Architectural Management, 27(06), 1315–35.

Gunduz, M and Elsherbeny, H A (2020) Critical assessment of construction contract administration using fuzzy structural equation modeling. Engineering, Construction and Architectural Management, 27(06), 1233–55.

Gurgun, A P and Koc, K (2020) Contractor prequalification for green buildings—evidence from Turkey. Engineering, Construction and Architectural Management, 27(06), 1377–400.

Löwstedt, M and Sandberg, R (2020) Standardizing the free and independent professional. Engineering, Construction and Architectural Management, 27(06), 1337–55.

Le, P T, Chileshe, N, Kirytopoulos, K and Rameezdeen, R (2020) Investigating the significance of risks in BOT transportation projects in Vietnam. Engineering, Construction and Architectural Management, 27(06), 1401–25.

  • Type: Journal Article
  • Keywords: Public private partnership (PPP); Built Operate Transfer (BOT); Risk; Analysis; Assessment; Priority; Ranking transportation; Vietnam;
  • ISBN/ISSN: 0969-9988
  • URL: https://doi.org/10.1108/ECAM-08-2019-0439
  • Abstract:
    The Built Operate Transfer (BOT) model has been increasingly used in transportation investments in Vietnam. However, there is still an inadequacy of risk management applications in these projects and lack of research in this area. The study aims to improve the success of projects implemented through the BOT model in Vietnam.Design/methodology/approach The study followed a sequential design including interviews and a questionnaire survey to investigate the perception of stakeholders from public and private sector regarding the probability of occurrence and the severity of impact of risks in BOT transportation projects in Vietnam. Quantitative data from the survey was subjected to descriptive and inferential statistics to explore the priority of risks as well as the differences in the perception between the public and private sectors.Findings The results showed that the top five most significant risks in BOT transportation projects in Vietnam are: (1) problems with land acquisition and compensation, (2) inappropriate location of toll booths, (3) public resistance to pay, (4) high toll rate and (5) lack of cash flow. With the exception of “lack of cash flow,” there were no statistically significant differences in the rankings of individual risks between the public and private sector. In addition, there is a significant positive correlation in the overall rankings of all risks for both sectors.Originality/value This study contributes to the body of knowledge by exploring the probability of occurrence and the severity of the impact of risks in BOT transportation projects in a developing country like Vietnam which has not been extensively explored yet. Second, it provides an insight into the perception of stakeholders from the public and private sector regarding the level of risks which is very useful for potential stakeholders in making decisions when they intend to participate in such partnerships. Third, it enables the Vietnamese government to establish suitable policies related to such projects. These contributions are very important in improving risk management in PPPs in developing countries.

Li, J, Zuo, J, Jiang, W, Zhong, X, Li, J and Pan, Y (2020) Policy instrument choice for construction and demolition waste management: the case study of Shenzhen, China. Engineering, Construction and Architectural Management, 27(06), 1283–97.

Madson, K M, Franz, B, Molenaar, K R and Okudan Kremer, G (2020) Strategic development of flexible manufacturing facilities. Engineering, Construction and Architectural Management, 27(06), 1299–314.

Olawumi, T O and Chan, D W (2020) Key drivers for smart and sustainable practices in the built environment. Engineering, Construction and Architectural Management, 27(06), 1257–81.

Vieira, R, Carreira, P, Domingues, P and Costa, A A (2020) Supporting building automation systems in BIM/IFC: reviewing the existing information gap. Engineering, Construction and Architectural Management, 27(06), 1357–75.