Abstracts – Browse Results
Click on the titles below to expand the information about each abstract.
Viewing 5 results ...
Al-Sabah, R, Menassa, C C and Hanna, A (2014) Evaluating impact of construction risks in the Arabian Gulf Region from perspective of multinational architecture, engineering and construction firms. Construction Management and Economics, 32(04), 382-402.
Bowen, P, Allen, Y, Edwards, P, Cattell, K and Simbayi, L (2014) Guidelines for effective workplace HIV/AIDS intervention management by construction firms. Construction Management and Economics, 32(04), 362-81.
Carbonara, N, Costantino, N and Pellegrino, R (2014) Revenue guarantee in public-private partnerships: a fair risk allocation model. Construction Management and Economics, 32(04), 403-15.
Javed, A A, Lam, P T I and Chan, A P C (2014) Change negotiation in public-private partnership projects through output specifications: an experimental approach based on game theory. Construction Management and Economics, 32(04), 323-48.
- Type: Journal Article
- Keywords:
- ISBN/ISSN: 0144-6193
- URL: https://doi.org/10.1080/01446193.2014.895846
- Abstract:
Public-private partnership (PPP) projects specify outputs rather than inputs. While changes are inevitable over long concession periods, output specifications should facilitate the negotiation of foreseeable changes. An experimental approach based on game theory was adopted to evaluate the effectiveness of different strategies for negotiating changes. A multi-stage bargaining process using the "z-Tree" software was designed to simulate four change scenarios with three output specification versions encompassing different change management strategies in a computer laboratory. Under each change scenario, pairs of public and private participants negotiated on the sharing of additional costs incurred by changes in the life cycles of fictitious PPP projects based on the different versions of output specification. The time taken to reach settlement or negotiation breakdown was recorded together with the cost-sharing pattern, with feedback collected from the participants on the effectiveness of the specification strategies immediately after the experiment. It was found that a detailed and clear output specification incorporating a cost-sharing framework facilitates change negotiations. Although the first-mover advantage was recorded, the gaps were narrowed in the multi-stage bargains. A similar controlled experiment was conducted with university students for comparison. Findings should lead to improvements in output specifications for change negotiation of PPP projects.
Roumboutsos, A and Saussier, S (2014) Public-private partnerships and investments in innovation: the influence of the contractual arrangement. Construction Management and Economics, 32(04), 349-61.