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Chen, Q, Reichard, G and Beliveau, Y (2010) Object Model Framework for Interface Modeling and IT-Oriented Interface Management. Journal of Construction Engineering and Management, 136(02), 187–98.

Dai, F and Lu, M (2010) Assessing the Accuracy of Applying Photogrammetry to Take Geometric Measurements on Building Products. Journal of Construction Engineering and Management, 136(02), 242–50.

Ding, Z and Ng, F (2010) Personal Construct-Based Factors Affecting Interpersonal Trust in a Project Design Team. Journal of Construction Engineering and Management, 136(02), 227–34.

Goh, Y M and Chua, D K H (2010) Case-Based Reasoning Approach to Construction Safety Hazard Identification: Adaptation and Utilization. Journal of Construction Engineering and Management, 136(02), 170–8.

Hanna, A S and Skiffington, M A (2010) Effect of Preconstruction Planning Effort on Sheet Metal Project Performance. Journal of Construction Engineering and Management, 136(02), 235–41.

Hasan, S, Al-Hussein, M, Hermann, U H and Safouhi, H (2010) Interactive and Dynamic Integrated Module for Mobile Cranes Supporting System Design. Journal of Construction Engineering and Management, 136(02), 179–86.

Iyer, K C and Sagheer, M (2010) Hierarchical Structuring of PPP Risks Using Interpretative Structural Modeling. Journal of Construction Engineering and Management, 136(02), 151–9.

Jin, X (2010) Determinants of Efficient Risk Allocation in Privately Financed Public Infrastructure Projects in Australia. Journal of Construction Engineering and Management, 136(02), 138–50.

  • Type: Journal Article
  • Keywords: Risk management; Organizations; Partnerships; Private sector; Infrastructure; Australia; Project management; Risk allocation; Organizational capability; Transaction cost economics; Multiple linear regression; Public-private partnership;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000118
  • Abstract:
    Risk allocation in privately financed public infrastructure projects, which are mainly referred to as public-private partnership (PPP) projects, is a challenging job due to the nature of incomplete contracting. An investigation into the mechanism that guides the formation of efficient risk allocation strategies is thus desirable. Drawing on the transaction cost economics and resource-based view of organizational capability, this paper has identified five main features of the transactions associated with risk allocation in PPP projects. They include partners’ risk management routine, partners’ risk management mechanism, partners’ cooperation history, risk management environmental uncertainty, and partners’ risk management commitment. For achieving cost efficiency, different risk allocation strategies may suit different conditions of the features. Accordingly, a theoretical framework and five hypotheses were proposed for testing. Data collected in an industrywide survey were analyzed using multiple linear regression technique. It was found that generally, the identified features are determinants in the decision-making process of efficient risk allocation. Therefore, the proposed theoretical framework provides both government and private agencies with not only a logical and holistic understanding of but also a support tool for decision making on risk allocation strategy in PPP projects. Study limitations and future research directions are also set out.

Kim, J and Ellis, R D (2010) Comparing Schedule Generation Schemes in Resource-Constrained Project Scheduling Using Elitist Genetic Algorithm. Journal of Construction Engineering and Management, 136(02), 160–9.

Mitropoulos, P and Guillama, V (2010) Analysis of Residential Framing Accidents, Activities, and Task Demands. Journal of Construction Engineering and Management, 136(02), 260–9.

Moussourakis, J and Haksever, C (2010) Project Compression with Nonlinear Cost Functions. Journal of Construction Engineering and Management, 136(02), 251–9.

Rasdorf, W, Grasso, B and Bridgers, M (2010) Public versus Private Perceptions on Hiring an External Program Manager. Journal of Construction Engineering and Management, 136(02), 219–26.

Tserng, H P, Yin, S Y L, Skibniewski, M J and Lee, M H (2010) Developing an ARIS-House-Based Method from Existing Information Systems to Project-Based Enterprise Resource Planning for General Contractor. Journal of Construction Engineering and Management, 136(02), 199–209.

Zhu, Z and Brilakis, I (2010) Machine Vision-Based Concrete Surface Quality Assessment. Journal of Construction Engineering and Management, 136(02), 210–8.