Abstracts – Browse Results
Click on the titles below to expand the information about each abstract.
Viewing 20 results ...
Chen, S (2013) Improving value for money in public-private partnership infrastructure projects, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Chen, W (2019) Integration of building information modeling and internet of things for facility maintenance management, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Das, M (2015) Social BIMCloud: a distributed cloud-based BIM framework for object-based lifecycle information exchange and supply chain integration, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Deng, Y (2015) Mapping of BIM and GIS for interoperable geospatial data management and analysis for the built environment, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Guo, X (2008) Pricing and financing roads in transportation networks, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Kim, M (2017) Noncontact quality assessment of precast concrete elements using 3D laser scanning and building information modeling, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Li, Y (2013) Developing a sustainable construction waste estimation and management system, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Liang, J (1998) System integration and database management for computer-aided design of tall building structures, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Long, J (2004) Computer-integrated information modelling for design of building structures, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Ma, J (2016) A data driven study on LEED credits and green building related implications in city planning, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Ng, K F (2017) Sustainable housing and railway developments over space and time, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Peng, M (2012) Dam risk analysis and dynamic decision making, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Singh, J (2021) BIM-based automatic piping layout design and schedule optimization, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
So, K L (2021) Integrated life-cycle management of highway bridges, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Soomro, M A (2013) Failure mechanisms in transportation public private partnerships, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Venkataraman, V (2017) Investigating the impact of project management factors on green building project delivery using link analysis and system dynamics techniques, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Xiao, F (2007) Game-theoretic models for competitive pricing and network design problems, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Xiong, W (2015) A study of renegotiation and early termination in public private partnerships projects, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
- Type: Thesis
- Keywords: complexity; project team; sustainability; certification; collaboration; green building; project delivery; project organization; regulation; consultant; owner; project manager; network analysis; social network analysis; questionnaire survey
- ISBN/ISSN:
- URL: https://www.proquest.com/docview/1873435844
- Abstract:
Public Private Partnerships (PPPs) have been widely applied around the world in the provision of public works and services, While a large number of PPP projects in different sectors have been successfully developed with increased value for money to governmental departments and the general public, concessions of many other projects in both developed and developing countries were renegotiated or terminated early due to various unforeseen risks. Renegotiations and early terminations of PPP agreements may cause huge losses to the host governments and reduce the perceived strengths and advantages of PPPs against traditional procurement approaches. Previous literature about PPPs in the field of construction management ignores renegotiations and early terminations of PPP projects and both the government and the private sector lack of expertise to deal with such problems. On the other hand, previous literature about PPPs in the field of contract theory has raised a conflict about renegotiation. Some scholars urge that it is optimal to write contracts as complete as possible so as to prevent costly renegotiations, while others think that it could be wise to write incomplete contracts at the very beginning and renegotiate contracts to the optimal after uncertainties reveal. Hence, it is necessary to explore renegotiations and early terminations in PPP projects from both theoretical and empirical perspectives. In order to understand the status quo of renegotiations and early terminations in PPP projects, this research presents a comparative analysis of international PPP agreements and model contracts and multiple case studies of PPP projects located worldwide, so as to develop a protocol including triggering contingencies, implementation procedures, compensation approaches and best practices for both the government and the contractor to deal with renegotiations and early terminations. This research also conducts a Delphi surey to evaluate the impact on value for money (VFM) of renegotiations and early terminations. When confronted with serious risks, governments can use the measures with the lowest level of impact on VFM. Furthermore, the optimal contractual arrangements for renegotiation in PPP projects are investigated. Based on real option analysis, this research develops a mathematical model to capture the value of renegotiations in PPP projects and finds that it would be optimal to choose a renegotiation-allowed contract because renegotiations in PPP project may have a huge real option value and the higher the uncertainty, the higher the renegotiation value. This research also develops a game theoretical model to analyze the influence of information asymmetry on renegotiations and shows that an information disclosure mechanism must be set in the agreement so as to reveal the contractor's real risk impacts; after that, the justified reasons for renegotiations can, but not necessarily, be specified in the agreement. And then, the implementation strategies of renegotiations and early terminations are studied. To facilitate renegotiations, this research has developed a concession renegotiation framework and compensation models for three common compensation measures, "toll adjustment", "contract extension", and "annual subsidy or unitary payment adjustment". With regard to early terminations, this research develops compensation estimation framework and the corresponding mathematical model for both a market value approach and a book value approach. Through applying these compensation models, the interests of both the concessionaire and the host government of the PPP project are safeguarded. The theoretical result concluded by this research is consistent with the wisdom of incomplete contract theory that renegotiation-allowed contracts can be applied in PPP projects. But renegotiations should be regulated due to high transaction costs, for which much effort is deserved in future research. This research also contributes to the empirical literature because the implementation strategies proposed by this research fac litate the host government and concessionaire in effectively solving the compensation issue of future renegotiated and early-terminated PPP projects in a fair way.
Zhang, N (2001) A computer-based environment for preliminary structural design, design collaboration and design automation of tall buildings, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).
Zhang, W (2021) Construction productivity improvement through industrialized construction methods, Unpublished PhD Thesis, , Hong Kong University of Science and Technology (Hong Kong).