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Carpenter, N and Bausman, D C (2016) Project Delivery Method Performance for Public School Construction: Design-Bid-Build versus CM at Risk. Journal of Construction Engineering and Management, 142(10).
Chang, C and Chen, S (2016) Transitional Public–Private Partnership Model in China: Contracting with Little Recourse to Contracts. Journal of Construction Engineering and Management, 142(10).
- Type: Journal Article
- Keywords: Public–private partnerships; China; Informal control mechanism; Procurement time; Private finance initiative (PFI); Contracting;
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001166
- Abstract:
Since 2013, the Chinese government has attempted to make a transition from user-pay public-private partnership (PPP) to government-pay PPP systems with the aim of facilitating infrastructure investment and government transformation. Whereas the application of government-pay PPP systems can considerably expand the areas where PPPs are suitable, the lengthy procurement time experienced in the implementation of similar systems [e.g., private finance initiative (PFI)] presents a tough challenge to Chinese procuring authorities who are under increasing pressure to get the earmarked PPP projects off the ground swiftly in order to stem the downward pressure in the economy. The first PFI-like project in China, the Anqing Urban Road PPP project, has been successfully tendered in May 2015 with an impressive record on procurement time. Through the scrutiny of this project, it is found that speedy procurement is achieved by leaving some of the major risks ill-defined and vaguely allocated in the tender document. However, this apparent high-risk exposure did not deter investors. This research maintains that the greater risk tolerance revealed among state-owned enterprise (SOE) investors should be attributed to the power structure embedded in China’s administrative system. While leveraging this mechanism can reduce transaction costs, it could hold back the participation of private investors in future Chinese PPP projects.
Chen, C, Wang, Q, Martek, I and Li, H (2016) International Market Selection Model for Large Chinese Contractors. Journal of Construction Engineering and Management, 142(10).
Choi, J O, O’Connor, J T and Kim, T W (2016) Recipes for Cost and Schedule Successes in Industrial Modular Projects: Qualitative Comparative Analysis. Journal of Construction Engineering and Management, 142(10).
Choi, K and Lee, H W (2016) Deconstructing the Construction Industry: A Spatiotemporal Clustering Approach to Profitability Modeling. Journal of Construction Engineering and Management, 142(10).
de Castro e Silva Neto, D, Cruz, C O, Rodrigues, F and Silva, P (2016) Bibliometric Analysis of PPP and PFI Literature: Overview of 25 Years of Research. Journal of Construction Engineering and Management, 142(10).
Duzkale, A K and Lucko, G (2016) Exposing Uncertainty in Bid Preparation of Steel Construction Cost Estimating: I. Conceptual Framework and Qualitative C-I-V-I-L Classification. Journal of Construction Engineering and Management, 142(10).
Duzkale, A K and Lucko, G (2016) Exposing Uncertainty in Bid Preparation of Steel Construction Cost Estimating: II. Comparative Analysis and Quantitative C-I-V-I-L Classification. Journal of Construction Engineering and Management, 142(10).
Gwak, H, Son, S, Park, Y and Lee, D (2016) Exact Time–Cost Tradeoff Analysis in Concurrency-Based Scheduling. Journal of Construction Engineering and Management, 142(10).
Harper, C M, Molenaar, K R and Cannon, J P (2016) Measuring Constructs of Relational Contracting in Construction Projects: The Owner’s Perspective. Journal of Construction Engineering and Management, 142(10).
Moret, Y and Einstein, H H (2016) Construction Cost and Duration Uncertainty Model: Application to High-Speed Rail Line Project. Journal of Construction Engineering and Management, 142(10).
Namian, M, Albert, A, Zuluaga, C M and Jaselskis, E J (2016) Improving Hazard-Recognition Performance and Safety Training Outcomes: Integrating Strategies for Training Transfer. Journal of Construction Engineering and Management, 142(10).
Poshdar, M, González, V A, Raftery, G M, Orozco, F, Romeo, J S and Forcael, E (2016) A Probabilistic-Based Method to Determine Optimum Size of Project Buffer in Construction Schedules. Journal of Construction Engineering and Management, 142(10).
Ramaji, I J and Memari, A M (2016) Product Architecture Model for Multistory Modular Buildings. Journal of Construction Engineering and Management, 142(10).
Salas, R and Hallowell, M (2016) Predictive Validity of Safety Leading Indicators: Empirical Assessment in the Oil and Gas Sector. Journal of Construction Engineering and Management, 142(10).
Sveikauskas, L, Rowe, S, Mildenberger, J, Price, J and Young, A (2016) Productivity Growth in Construction. Journal of Construction Engineering and Management, 142(10).