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Anjomshoa, E (2024) Key performance indicators of construction companies in branding products and construction projects for success in a competitive environment in Iran. Engineering, Construction and Architectural Management, 31(05), 2151-75.
Arora, M, Prakash, A, Mittal, A and Singh, S (2024) Examining the slow acceptance of HR analytics in the Indian engineering and construction industry: a SEM-ANN-based approach. Engineering, Construction and Architectural Management, 31(05), 1973-93.
Aslam, M, Baffoe-Twum, E and Malik, S (2024) Benchmarking lean construction conformance in Pakistan’s construction industry. Engineering, Construction and Architectural Management, 31(05), 2077-100.
Chan, I Y S and Chen, H (2024) Towards an integrative analysis of underground environment and human health: a survey and field measurement approach. Engineering, Construction and Architectural Management, 31(05), 1807-34.
Cole-Colander, C (2003) Designing the Customer Experience. Building Research & Information, 31(05), 357–66.
Cong, W, Zhang, S, Liang, H and Xiang, Q (2024) Impact of challenge and hindrance job stressors on informal safety communication of construction workers in China: the moderating role of co-worker relationship. Engineering, Construction and Architectural Management, 31(05), 2011-33.
Cooper, R, Bruce, M, Wootton, A, Hands, D and Daly, L (2003) Managing design in the extended enterprise. Building Research & Information, 31(05), 367–78.
Espinoza, D and Morris, J W F (2013) Decoupled NPV: a simple, improved method to value infrastructure investments. Construction Management and Economics, 31(05), 471-96.
Fazeli, A, Banihashemi, S, Hajirasouli, A and Mohandes, S R (2024) Automated 4D BIM development: the resource specification and optimization approach. Engineering, Construction and Architectural Management, 31(05), 1896-922.
Fellows, R and Liu, A M M (2013) Use and misuse of the concept of culture. Construction Management and Economics, 31(05), 401-22.
Gann, D M, Salter, A J and Whyte, J K (2003) Design Quality Indicator as a tool for thinking. Building Research & Information, 31(05), 318–33.
Ghansah, F A, Lu, W and Ababio, B K (2024) Modelling the critical challenges of quality assurance of cross-border construction logistics and supply chain during the COVID-19 pandemic. Engineering, Construction and Architectural Management, 31(05), 2128-50.
Gibson, E G and Gebken, R J (2003) Design quality in pre-project planning: applications of the Project Definition Rating Index. Building Research & Information, 31(05), 346–56.
Goh, Y M and Chua, D (2013) Neural network analysis of construction safety management systems: a case study in Singapore. Construction Management and Economics, 31(05), 460-70.
Guo, Y, Liu, J, Chen, C, Luo, X and Martek, I (2024) PPP project price mode typologies: a China-based comparative case study. Engineering, Construction and Architectural Management, 31(05), 2034-52.
- Type: Journal Article
- Keywords: China; comparative case study; concessionary items; price mode; public–private partnerships (PPPs)
- ISBN/ISSN:
- URL: https://doi.org/10.1108/ECAM-10-2023-1032
- Abstract:
Purpose: Public–Private Partnerships (PPPs) are crucial to the procurement of global infrastructure projects. Moreover, a price mode based on a cluster of core concessionary items is key to the delivery of value-for-money and successful project outcomes. However, existing research has yet to fully identify PPP concessionary items, nor yet described the range of practical price modes. This study provides taxonomy of core concessionary items impacting PPP projects, systematically classifies price modes, and assesses the applicability and risk impacts of those price modes on PPP projects. Design/methodology/approach: This study adopts a comparative case study method in analyzing core concessionary items and alternative price modes. China is taken as the context, as it is one of the world’s largest PPP markets. In ensuring research validity and reliability, diverse data sources are utilized, with a graphic content analysis tool developed to capture the structure of price modes. Findings: Eight PPP price modes are identified. These are: (1) UP (Unit Price) mode, (2) ALS (Annual Lump Sum) mode, (3) IRR (Internal Rate of Return) mode, (4) RP (Return for Investing Capital (RIC) - Profit Rate of O&M (PROM)) mode, (5) RFP (RIC - Financing Interest Rate (FR) - PROM) mode, (6) RFPL (RIC - FR - PROM - Lower Limit of User Charge (LLoUC)) mode, (7) RFL (RIC - FR - Lump Sum/Fixed Unit Price O&M Contract (LSOM/FUP)) mode, and (8) RFLL (RIC - FR - LSOM/FUP - LLoUC) mode. Other main findings are as follows: (1) Five risk allocation configurations can be achieved via these price modes. Yet while different price modes enable the allocation of specific risks, these do not always align with contracting parties’ original intentions. (2) IRR and RP modes may be less applicable in general because of their vulnerability in allocating critical risks and capacity for spurring opportunistic behavior. Originality/value: By depicting the paths by which concessionary items in price modes affect cash flow, a systematic analysis of price modes was conducted exposing structural characteristics, along with risk allocation choice implications. The study is unique in: (1) Providing a systematic classification of PPP price modes used in PPP projects, (2) Presenting a comprehensive identification and streamlining of concessionary items in PPP practice, and (3) Analyzing the risk effects of different price modes. Together, these outcomes offer a hitherto unavailable perspective on PPP project risk management. The value of the study lies in the following: (1) Existing studies employ diverse concessionary items, but their applicability varies. This study offers an overarching framework facilitating decision-making in selecting appropriate PPP price modes and in determining concessionary items. (2) This study adds to the understanding of PPP price modes in significant ways that will aid local governments and potential sponsors in crafting and administrating more workable contract designs. © 2024, Emerald Publishing Limited.
Han, Y, Shen, J, Zhu, X, An, B and Bao, X (2024) Interaction mechanisms of interface management risks in complex systems of high-speed rail construction projects: an association rule mining-based modeling framework. Engineering, Construction and Architectural Management, 31(05), 2101-27.
Hansen, K L and Vanegas, J A (2003) Improving design quality through briefing automation. Building Research & Information, 31(05), 379–86.
Hu, Y, Song, J and Zhao, T (2024) Evolutionary game analysis of the intelligent upgrading of smart solar photovoltaic projects. Engineering, Construction and Architectural Management, 31(05), 1835-56.
Huang, W, Zhong, D and Chen, Y (2024) The relationship between construction workers’ emotional intelligence and safety performance. Engineering, Construction and Architectural Management, 31(05), 2176-201.
Li, H, Chen, Y, Zheng, J, Fang, Y, Yang, Y, Skitmore, M, Rusch, R and Jiang, T (2024) The influence of the psychological contract on the safety of performance of construction workers in China. Engineering, Construction and Architectural Management, 31(05), 1879-95.
Liao, L, Ye, Y, Wei, N, Li, H and Fan, C (2024) Exploring blockchain technology acceptance among non-managerial construction practitioners in Shenzhen, China. Engineering, Construction and Architectural Management, 31(05), 2053-76.
Odeyinka, H A, Lowe, J and Kaka, A P (2013) Artificial neural network cost flow risk assessment model. Construction Management and Economics, 31(05), 423-39.
Onubi, H O, Carpio, M and Hassan, A S (2024) Job satisfaction in green construction projects: antecedent roles of green work climate, pro-environmental construction practice and green human capital. Engineering, Construction and Architectural Management, 31(05), 1857-78.
Orr, S and Jadhav, A (2024) The effect of construction sustainability system interactions on financial performance: a sociotechnical perspective. Engineering, Construction and Architectural Management, 31(05), 1923-46.
Pinder, J, Iii, R S and Saker, J (2013) Stakeholder perspectives on developing more adaptable buildings. Construction Management and Economics, 31(05), 440-59.
Thomson, D S, Austin, S A, Devine-Wright, H and Mills, G R (2003) Managing value and quality in design. Building Research & Information, 31(05), 334–45.
Tiew, S Y (2024) Factors affecting performance of graduate architects in contract implementation management: a case study on housing projects in Malaysia. Engineering, Construction and Architectural Management, 31(05), 1789-806.
Wang, D, Luo, J and Wang, Y (2024) Multifactor uncertainty analysis of prefabricated building supply chain: qualitative comparative analysis. Engineering, Construction and Architectural Management, 31(05), 1994-2010.
Whyte, J K and Gann, D M (2003) Design Quality Indicators: work in progress. Building Research & Information, 31(05), 387–98.
Wu, X, Qian, Q and Zhang, M (2024) Impact of supervisor leadership on construction worker safety behavior in China: the moderating role of social capital. Engineering, Construction and Architectural Management, 31(05), 1947-72.