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Cruz, C O, Marques, R C and Pereira, I (2015) Alternative Contractual Arrangements for Urban Light Rail Systems: Lessons from Two Case Studies. Journal of Construction Engineering and Management, 141(03).

Hwang, S, Park, M, Lee, H, Lee, S and Kim, H (2015) Postdisaster Interdependent Built Environment Recovery Efforts and the Effects of Governmental Plans: Case Analysis Using System Dynamics. Journal of Construction Engineering and Management, 141(03).

Liu, C and Lu, M (2015) Optimizing Earthmoving Job Planning Based on Evaluation of Temporary Haul Road Networks Design for Mass Earthworks Projects. Journal of Construction Engineering and Management, 141(03).

Naderpajouh, N, Hastak, M, Gokhale, S, Bayraktar, M E, Iyer, A and Arif, F (2015) Counterfeiting Risk Governance in the Capital Projects Supply Chain. Journal of Construction Engineering and Management, 141(03).

Obiozo, R N and Smallwood, J J (2015) Biophilic Construction Site Model: Enhancing the Motivational and Humanistic Value of the Green Construction Site. Journal of Construction Engineering and Management, 141(03).

Shuster, W D, Burkman, C E, Grosshans, J, Dadio, S and Losco, R (2015) Green Residential Demolitions: Case Study of Vacant Land Reuse in Storm Water Management in Cleveland. Journal of Construction Engineering and Management, 141(03).

Su, Y and Lucko, G (2015) Synthetic Cash Flow Model with Singularity Functions. I: Theory for Periodic Phenomena and Time Value of Money. Journal of Construction Engineering and Management, 141(03).

Su, Y and Lucko, G (2015) Synthetic Cash Flow Model with Singularity Functions. II: Feasible Prompt Payment Discount Scenarios. Journal of Construction Engineering and Management, 141(03).

van Buiten, M and Hartmann, A (2015) Asset Management Perspective on the Duration of Public-Private Partnership Contracts: Cost-Control Trade-off?. Journal of Construction Engineering and Management, 141(03).

  • Type: Journal Article
  • Keywords: Asset management; Public-private partnership; Contract duration; Contracting;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0000937
  • Abstract:
    The risk-incentive model of principal-agent relations and its extensions to infrastructural public-private partnerships outline the efficiency implications of parameters such as contract duration. The predominant focus on individual contracts is of limited use for public agencies that need to allocate their resources efficiently at the level of the entire asset network. This study therefore adopts an asset management perspective on the issue of contract duration in public-private partnership (PPP) contracts. In so doing, this research aims to add to the understanding of asset network level effects of important contractual parameters such as contract duration. Empirical material from the Netherlands illustrates that public professionals tend to think about contract duration in terms of a network cost–network control trade-off. From the data, a hierarchical set of criteria deemed relevant for determination of contract duration is elaborated that ultimately supports network accessibility. Limitations, managerial implications, and suggestions for future research are discussed.

Zhao, X, Hwang, B, Pheng Low, S and Wu, P (2015) Reducing Hindrances to Enterprise Risk Management Implementation in Construction Firms. Journal of Construction Engineering and Management, 141(03).