Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 15 results ...

Awad, A and Fayek, A R (2013) Adaptive Learning of Contractor Default Prediction Model for Surety Bonding. Journal of Construction Engineering and Management, 139(06), 694–704.

Badu, E, Owusu-Manu, D, Edwards, D J and Holt, G D (2013) Analysis of Strategic Issues Underpinning the Innovative Financing of Infrastructure within Developing Countries. Journal of Construction Engineering and Management, 139(06), 726–37.

Brodetskaia, I, Sacks, R and Shapira, A (2013) Stabilizing Production Flow of Interior and Finishing Works with Reentrant Flow in Building Construction. Journal of Construction Engineering and Management, 139(06), 665–74.

Cariaga, I and El-Diraby, T E (2013) Assessing the market potential for housing construction products in Mexico. Journal of Construction Engineering and Management, 139(06), 717–25.

Chen, Q, Jin, R and Soboyejo, A (2013) Understanding a Contractor’s Regional Variations in Safety Performance. Journal of Construction Engineering and Management, 139(06), 641–53.

Cho, Y, Wang, C and Zhuang, Z (2013) Framework for Empirical Process to Improve Nonnuclear Gauge Performance in Hot-Mix Asphalt Pavement Construction. Journal of Construction Engineering and Management, 139(06), 601–10.

Chong, H Y, Zin, R M and Chong, S C (2013) Employing Data Warehousing for Contract Administration: e-Dispute Resolution Prototype. Journal of Construction Engineering and Management, 139(06), 611–9.

Kim, Y A, Ryoo, B Y, Kim, Y and Huh, W C (2013) Major Accident Factors for Effective Safety Management of Highway Construction Projects. Journal of Construction Engineering and Management, 139(06), 628–40.

Le, Y, Wang, Y, Luo, C and Peng, Y (2013) Integration of Financial and Contract Management on the Shanghai Expo Construction Program. Journal of Construction Engineering and Management, 139(06), 738–48.

Park, T, Kim, B and Kim, H (2013) Real Option Approach to Sharing Privatization Risk in Underground Infrastructures. Journal of Construction Engineering and Management, 139(06), 685–93.

  • Type: Journal Article
  • Keywords: Privatization; Infrastructure; Negotiations; Monte Carlo method; Simulation; Risk management; Privatization; Infrastructure; Negotiation; Real option; Monte Carlo simulation;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000636
  • Abstract:
    Over the last two decades, more than 100 water and sewer systems have been sold or leased to private entities in the United States due to shortages in government funding. While privatization has allowed governments to relieve their financial difficulties, users have taken on such risks in the form of high rates and poor service. When compared to other infrastructures, water and sewer systems generate somewhat stable revenue. However, water and sewer systems are also characterized by the hardly predictable operation and maintenance (O&M) expenses. Such characteristics make it difficult to devise a proper contract that satisfies the interested parties, such as governments, private operators, and users. By investigating the deficiencies of previous privatization contracts, this study presents a real option–based contract model to ensure appropriate risk sharing between private entities and governments. Simulation results based on three different O&M expense scenarios (best, moderate, and worst) indicate that the proposed contract model would provide a win-win situation for all related parties.

Russell, J S (2013) Shaping the Future of the Civil Engineering Profession. Journal of Construction Engineering and Management, 139(06), 654–64.

Solla, M, González-Jorge, H, Varela, M and Lorenzo, H (2013) Ground-Penetrating Radar for Inspection of In-Road Structures and Data Interpretation by Numerical Modeling. Journal of Construction Engineering and Management, 139(06), 749–53.

Xia, B, Molenaar, K, Chan, A, Skitmore, M and Zuo, J (2013) Determining Optimal Proportion of Design in Design-Build Request for Proposals. Journal of Construction Engineering and Management, 139(06), 620–7.

Yeung, J F Y, Chan, A P C, Chan, D W M, Chiang, Y H and Yang, H (2013) Developing a Benchmarking Model for Construction Projects in Hong Kong. Journal of Construction Engineering and Management, 139(06), 705–16.

Yu, W, Wang, K and Wang, M (2013) Pricing Strategy for Best Value Tender. Journal of Construction Engineering and Management, 139(06), 675–84.