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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.

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.

  • Type: Journal Article
  • Keywords:
  • ISBN/ISSN: 0144-6193
  • URL: https://doi.org/10.1080/01446193.2014.895849
  • Abstract:
    Public-private partnership (PPP) policy strategies emphasize the ability of PPPs to foster innovation. Evidence reported in literature supports less the inherent quality of PPPs for innovation and more the importance of contributing factors. The contractual agreement is the setting of these factors. In this context, an analytical model based on behavioural economics is presented, with boundary conditions reflecting various contractual configurations. The analysis indicates why, from a purely economic point of view, the private party in a PPP arrangement has an incentive to invest in low risk incremental innovations, which impact on, and positively effect, cost savings during construction and operation. It is also identified that further innovations are hampered by the ability to produce verifiable improvements correlated to performance. Findings contribute to the subject of public procurement for innovation in PPPs and support public authorities regarding the rationale, potential and necessary framework conditions for the use of public procurement as an innovation policy tool.