Abstracts – Browse Results

Search or browse again.

Click on the titles below to expand the information about each abstract.
Viewing 12 results ...

Del Solar, P, Del Río, M, Villoria, P and Nadal, A (2016) Analysis of Recurrent Defects in the Execution of Ceramic-Coatings Cladding in Building Construction. Journal of Construction Engineering and Management, 142(04).

Du, J, El-Gafy, M and Zhao, D (2016) Optimization of Change Order Management Process with Object-Oriented Discrete Event Simulation: Case Study. Journal of Construction Engineering and Management, 142(04).

Jordan Srour, F, Kiomjian, D and Srour, I M (2016) Learning Curves in Construction: A Critical Review and New Model. Journal of Construction Engineering and Management, 142(04).

Kim, C, Kim, T, Lee, U, Cho, H and Kang, K (2016) Advanced Steel Beam Assembly Approach for Improving Safety of Structural Steel Workers. Journal of Construction Engineering and Management, 142(04).

Larsson, J, Lu, W, Krantz, J and Olofsson, T (2016) Discrete Event Simulation Analysis of Product and Process Platforms: A Bridge Construction Case Study. Journal of Construction Engineering and Management, 142(04).

Lucko, G and Kaminsky, J A (2016) Construction Engineering Conference and Workshop 2014: Setting an Industry–Academic Collaborative Research Agenda. Journal of Construction Engineering and Management, 142(04).

Mirzadeh, I and Birgisson, B (2016) Evaluation of Highway Projects under Government Support Mechanisms Based on an Option-Pricing Framework. Journal of Construction Engineering and Management, 142(04).

Shen, X and Marks, E (2016) Near-Miss Information Visualization Tool in BIM for Construction Safety. Journal of Construction Engineering and Management, 142(04).

Szentes, H and Eriksson, P E (2016) Paradoxical Organizational Tensions between Control and Flexibility When Managing Large Infrastructure Projects. Journal of Construction Engineering and Management, 142(04).

Wang, T, Tang, W, Qi, D, Shen, W and Huang, M (2016) Enhancing Design Management by Partnering in Delivery of International EPC Projects: Evidence from Chinese Construction Companies. Journal of Construction Engineering and Management, 142(04).

Xiong, W, Zhang, X and Chen, H (2016) Early-Termination Compensation in Public–Private Partnership Projects. Journal of Construction Engineering and Management, 142(04).

  • Type: Journal Article
  • Keywords: Public–private partnerships; Early termination; Compensation; Market value; Uncertainties; Contracting;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001084
  • Abstract:
    Public–private partnerships (PPPs) have been widely applied around the world in the provision of public works and services. Although 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 have been terminated before the originally scheduled date because of various unforeseen risks. To address the key issue of compensation to the concessionaire in such an early-terminated concession, this paper develops a compensation estimation framework and a corresponding mathematical model through a market value approach. A compensation model is developed using the discounted cash flow technique, which integrates multiple input and output variables and probabilistic techniques, such as regression analysis, maximum likelihood analysis, and Monte Carlo simulation, to analyze and tackle the uncertainties of social-economic variables and project performance variables. An example is provided to illustrate the applicability of this compensation estimation model; it shows that this model can take advantage of historical data from early-terminated projects and improve accuracy in measuring uncertainties associated with social-economic variables and project performance variables. This compensation model provides a fair compensation system to safeguard the benefits of both the concessionaire and the host government of the PPP project. It is expected that this model will assist the host government and concessionaire in effectively solving the compensation issue in future early-terminated PPP projects in a fair way.

Zhang, L and El-Gohary, N M (2016) Discovering Stakeholder Values for Axiology-Based Value Analysis of Building Projects. Journal of Construction Engineering and Management, 142(04).