Criteria for Selecting the Private-Sector Partner in Public–Private Partnerships
By Xueqing Zhang. 2005
150 citations recorded by the source corpus.
A critical issue in public-private partnerships (PPPs) in international infrastructure development is the selection of the right private-sector partner. This necessitates a best value source selection methodology in which the establishment of a set of appropriate selection criteria is a prerequisite. Various important selection criteria have been identified through a literature review of previous studies on critical success factors; experience drawing and lessons learning from international PPP practices; examination of selection criteria used in worldwide PPP projects; and interviews/correspondence with international PPP experts and practitioners. These identified criteria are classified into four evaluation packages for PPP projects in general: (1) financial, (2) technical, (3) safety, health, and environmental, and (4) managerial. The relative importance of these evaluation packages and the relative significance of the criteria within each package have been statistically analyzed based on a structured questionnaire survey of worldwide PPP expert opinions. These statistical analyses include validity and reliability analysis, Mann Whitney U tests, direct comparisons of mean criterion significance indexes and criterion rankings between respondents across public, private, and academic sectors, and a general rank agreement analysis across sectors for each evaluation package. These research outputs would facilitate the formulation of a multicriteria best value source selection methodology for PPP projects in general and the development of both objective and subjective evaluation criteria to select the right private-sector partner for a particular PPP project.
Subfields: Management Science and Operations Research, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/7a24419700595839d82d59f146f7c27a931deea9
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In Management Science and Operations Research
In Strategy and Management
Citations in the corpus
- Risk ranking and analysis in target cost contracts: Empirical evidence from the construction industry (2011, unknown): “, 2008); and to compare the perceptions of financial criteria between different groupings (Zhang, 2005).”
- Towards a Comprehensive Understanding of Public Private Partnerships for Infrastructure Development (2009, background): “The top ten criteria in the first two criteria packages and the top five criteria in the last two packages are summarized in Table 6.(45) A proper set of evaluation criteria should be determined on the basis of the public clients’ objectives, the project characteristics, and the uniqueness of the pa”