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Ahmadi, S Y; Lather, J I; Wittich, C E; Madson, K (2025) Current and future trends for resilient inland waterway transportation systems during flood disruptions. Journal of Construction Engineering and Management, 151(6).
Chammout, B; El-Adaway, I H (2025) Circular economy in construction: Decision-making factors and future research avenues. Journal of Construction Engineering and Management, 151(6).
Chen, G; Yan, Z; Hao, Y; Li, Q; Tian, Y (2025) BIM value creation through collaboration in construction projects: An empirical model with multiple collaborative behaviors. Journal of Construction Engineering and Management, 151(6).
Ejidike, C C; Mewomo, M C; Olawumi, T O; Wang, S; Buniya, M K (2025) Barriers to the adoption of smart building technology in developing countries: An empirical survey. Journal of Construction Engineering and Management, 151(6).
Ghosh, B; Karmakar, S (2025) Development and application of a digitalized construction quality document management system for advanced construction using building information modeling. Journal of Construction Engineering and Management, 151(6).
Guha, P; Kar, S; Jha, K N (2025) A framework to assess leadership quality of construction leaders. Journal of Construction Engineering and Management, 151(6).
Jin, H; Chan, M; Bai, Y (2025) Joint optimization of critical concession parameters for sustainable PPP contracts. Journal of Construction Engineering and Management, 151(6).
- Type: Journal Article
- Keywords: concession parameters; public-private partnership; risk sharing; sustainable infrastructure
- ISBN/ISSN: 0733-9364
- URL: https://doi.org/10.1061/JCEMD4.COENG-15577
- Abstract:
To fully leverage the advantages of the public-private partnership (PPP) model in delivering sustainable infrastructures, the values of critical concession parameters need to be determined. Traditional determination methods overlook the sustainability benefits of the projects, which hinders their application on sustainable infrastructures financed as PPPs. This research enriches the risk allocation scenarios by quantifying the sustainability benefits and develops a multiparameter joint determination method according to fair-risk allocation and game equilibrium principles. This research presents an innovative concept of value-for-money risk and highlights the fact that for sustainable PPP contracts, the concession parameters should be determined for reasonably shared value-for-money risks instead of revenue risks. Project JZ is created as a numerical example to verify the applicability of the proposed method. The result shows that the proposed method can determine the optimal values of concession period, concession price, and minimum revenue guarantee (MRG), which contribute to a win-win outcome in achieving the goals of financial and sustainability benefits for both public and private parties. The data analysis reveals that achieving the equilibrium risk-sharing ratio for value-for-money risks requires a shorter concession period or a decreased MRG level than revenue risks. Also, higher concession prices correlate with shorter concession periods and increased MRG levels.
Karam, A H (2003) Marketing and architects in South Africa. Engineering, Construction and Architectural Management, 10(6), 402–12.
Liao, L; Gan, C; Yang, J; Liang, Y (2025) Impacts of safety capacity and personalized safety training on construction workers' hazard recognition using eye-tracking technology. Journal of Construction Engineering and Management, 151(6).
Ling, F Y Y; Sim, W X L (2025) Mediating role of vocational interest in the relationship between personality and job satisfaction: Insights from cost engineers. Journal of Construction Engineering and Management, 151(6).
Liu, J; Li, J; Guo, D; Cui, Q; Yang, L; Wu, H (2025) Reliability evaluation of a shield tunnel waterproofing system in the life cycle stage based on a combination weighting method and cloud model. Journal of Construction Engineering and Management, 151(6).
Liu, J; Li, W; Li, F; Zhao, X (2025) Chinese named entity recognition for bridge damage and defects based on text mining and natural language pretraining models. Journal of Construction Engineering and Management, 151(6).
Müller, C C; Elzomor, M (2025) Fostering a sustainable built environment by preparing a construction engineering workforce with sustainability key performance indicators. Journal of Construction Engineering and Management, 151(6).
Mehdipoor, A; Iordanova, I; Al-Hussein, M (2025) Enhancing the manufacturing process in light-gauge steel off-site construction using semiautomation. Journal of Construction Engineering and Management, 151(6).
Mohammadi, P; Asgari, S; Rashidi, A; Alder, R (2025) Culvert inspection framework using hybrid xgboost and risk-based prioritization: Utah case study. Journal of Construction Engineering and Management, 151(6).
Mollaei, A; Bachmann, C; Haas, C (2025) Evaluating the potential impact of building design strategies on material recovery during deconstruction. Journal of Construction Engineering and Management, 151(6).
Palaneeswaran, E, Kumaraswamy, M and Ng, T (2003) Targeting optimum value in public sector projects through "best value"-focused contractor selection. Engineering, Construction and Architectural Management, 10(6), 418–31.
Radzi, A R; Azmi, N F; Kamaruzzaman, S N; Rahman, R A (2025) Modeling the critical assessment criteria for construction readiness of BIM-based projects: PLS-SEM approach. Journal of Construction Engineering and Management, 151(6).
Salary, S; Reyes, M (2025) Identifying the impact of preconstruction elements on project budget. Journal of Construction Engineering and Management, 151(6).
Salem, M; Abdullah, M S; Islam, M S; Said, S O (2025) Subcontractors' BIM deployment in large-scale construction projects in the mena region. Journal of Construction Engineering and Management, 151(6).
Shehadeh, A; Alshboul, O; Tamimi, M (2025) Quantitative analysis of climate-adaptive pavement technologies: Mitigating environmental impact and enhancing economic viability in urban infrastructure. Journal of Construction Engineering and Management, 151(6).
Shin, Y J; Farrokh, E; Jung, J; Kang, H (2025) Optimizing tunnel boring machine operations in real time within defined constraints. Journal of Construction Engineering and Management, 151(6).
Sun, J; Murphy, M R; Hazlett, D G; Shuai, C; Gao, L (2025) Simulation-based framework for predicting construction workforce demand: A comparative analysis with multivariate LSTM-based seq2seq model. Journal of Construction Engineering and Management, 151(6).
Utkucu, D; Sözer, H (2025) Modeling a mixed-mode cooling system with correlation to operable building facade openings: Mathematical logic integration of computational fluid dynamics and energy models. Journal of Construction Engineering and Management, 151(6).
Wang, P; Wang, K; Huang, Y; Fenn, P (2025) Probability, formation, and prediction of large-size construction cost overruns governed by a power-law distribution. Journal of Construction Engineering and Management, 151(6).
Wang, R; Gong, D (2025) Abnormal behavior recognition algorithm in small sample scenarios for a utility tunnel project based on dcgan. Journal of Construction Engineering and Management, 151(6).
Yang, X; Wang, S; Jiang, Y; Wang, L; Li, P; Wang, S (2025) Theoretical and experimental analysis of stress variations in precast concrete segment linings during double-shield TBM excavation of subway tunnels. Journal of Construction Engineering and Management, 151(6).
Yao, Z; Chen, Z; Lee, Y (2025) A construction site layout planning study for dust reduction. Journal of Construction Engineering and Management, 151(6).
Zhan, H; Hwang, B G; Jabbar, S B B A (2025) An integrated approach to assessing digitalization of integrated digital delivery projects. Journal of Construction Engineering and Management, 151(6).
Zhang, M; Liu, X; Li, Y (2025) Identity-based proactive human intrusion management in hazardous areas at construction sites: A deep learning-based method. Journal of Construction Engineering and Management, 151(6).
Zong, Z; Su, S; Diao, L; Ou, Y; Long, T (2025) Relationship between perceived occupational stigma and safety behavior of construction workers: Moderated mediation model. Journal of Construction Engineering and Management, 151(6).