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Ballesteros-Pérez, P, Phua, F T T and Mora-Melià, D (2019) Human Resource Allocation to Multiple Projects Based on Members’ Expertise, Group Heterogeneity, and Social Cohesion. Journal of Construction Engineering and Management, 145(02).

Beltrão, L M P and Carvalho, M T M (2019) Prioritizing Construction Risks Using Fuzzy AHP in Brazilian Public Enterprises. Journal of Construction Engineering and Management, 145(02).

Carmichael, D G, Nguyen, T A and Shen, X (2019) Single Treatment of PPP Road Project Options. Journal of Construction Engineering and Management, 145(02).

  • Type: Journal Article
  • Keywords: Public–private partnership (PPP or P3); Build-own-operate-transfer (BOOT); Options; Toll roads; Financial agreements; Unified treatment;
  • ISBN/ISSN: 0733-9364
  • URL: https://doi.org/10.1061/(ASCE)CO.1943-7862.0001591
  • Abstract:
    Recent publications have shown the role that options play in addressing the uncertainty, risk, and fairness in public–private partnership (PPP or P3) agreements in toll road projects. Typically, the literature uses financial market options techniques and applies these by analogy. Each option is presented and analyzed in standalone papers. In contrast, this paper presents an original single unifying approach for analyzing all PPP toll road options, an approach based on discounted probabilistic cash flows. The approach is a straightforward extension of conventional engineering viability analysis of projects, and does not rely on the financial market options literature. It offers a ready way to evaluate multiple options, requires minimal financial and mathematical knowledge, and hence can be readily implemented by practitioners. The paper also serves as a state-of-the-art literature summary as related to options in PPP toll road projects. The paper will be of interest to anyone involved in PPP toll road projects.

Elmasry, M, Zayed, T and Hawari, A (2019) Multi-Objective Optimization Model for Inspection Scheduling of Sewer Pipelines. Journal of Construction Engineering and Management, 145(02).

Gurmu, A T (2019) Tools for Measuring Construction Materials Management Practices and Predicting Labor Productivity in Multistory Building Projects. Journal of Construction Engineering and Management, 145(02).

Hwang, B, Zhao, X and Yang, K W (2019) Effect of BIM on Rework in Construction Projects in Singapore: Status Quo, Magnitude, Impact, and Strategies. Journal of Construction Engineering and Management, 145(02).

Islam, M S, Nepal, M P and Skitmore, M (2019) Modified Fuzzy Group Decision-Making Approach to Cost Overrun Risk Assessment of Power Plant Projects. Journal of Construction Engineering and Management, 145(02).

Jafari, A, Valentin, V and Bogus, S M (2019) Identification of Social Sustainability Criteria in Building Energy Retrofit Projects. Journal of Construction Engineering and Management, 145(02).

Koskela, L, Ferrantelli, A, Niiranen, J, Pikas, E and Dave, B (2019) Epistemological explanation of lean construction. Journal of Construction Engineering and Management, 145(02), 04018131 .

Liang, R, Zhang, J, Wu, C, Sheng, Z and Wang, X (2019) Joint-Venture Contractor Selection Using Competitive and Collaborative Criteria with Uncertainty. Journal of Construction Engineering and Management, 145(02).

Noktehdan, M, Shahbazpour, M, Zare, M R and Wilkinson, S (2019) Innovation Management and Construction Phases in Infrastructure Projects. Journal of Construction Engineering and Management, 145(02).

Poleacovschi, C, Javernick-Will, A, Tong, T and Wanberg, J (2019) Engineers Seeking Knowledge: Effect of Control Systems on Accessibility of Tacit and Codified Knowledge. Journal of Construction Engineering and Management, 145(02).

Sakhakarmi, S, Park, J and Cho, C (2019) Enhanced Machine Learning Classification Accuracy for Scaffolding Safety Using Increased Features. Journal of Construction Engineering and Management, 145(02).

Tokdemir, O B, Erol, H and Dikmen, I (2019) Delay Risk Assessment of Repetitive Construction Projects Using Line-of-Balance Scheduling and Monte Carlo Simulation. Journal of Construction Engineering and Management, 145(02).

Trinh, M T, Feng, Y and Mohamed, S (2019) Framework for Measuring Resilient Safety Culture in Vietnam’s Construction Environment. Journal of Construction Engineering and Management, 145(02).

Valente, C P, Brandalise, F M P and Formoso, C T (2019) Model for Devising Visual Management Systems on Construction Sites. Journal of Construction Engineering and Management, 145(02).

Xu, J, Shi, Y and Zhao, S (2019) Reverse Logistics Network-Based Multiperiod Optimization for Construction and Demolition Waste Disposal. Journal of Construction Engineering and Management, 145(02).

Yao, H, Chen, Y, Chen, Y and Zhu, X (2019) Mediating Role of Risk Perception of Trust and Contract Enforcement in the Construction Industry. Journal of Construction Engineering and Management, 145(02).

Yoo, W, Ozer, H and Ham, Y (2019) System-Level Approach for Identifying Main Uncertainty Sources in Pavement Construction Life-Cycle Assessment for Quantifying Environmental Impacts. Journal of Construction Engineering and Management, 145(02).