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Finance-Related Critical Success Factors for the Briefing of PPP Projects in Construction
Public-private partnership (PPP) is widely used in the world. Many researchers claimed that PPP can contribute to sustainability in nature as it promotes long-term productive use of resources. The briefing stage is important to a PPP project because it is the stage when private sector funds are injected into projects. In considering this, the paper aims at identifying the finance-related critical factors that could lead to the success of the project in the briefing stage. Six finance-related factors were identified based on a comprehensive review of literature followed by personal interviews. The importance of these factors was rated using a questionnaire survey in Hong Kong and Australia. Because some background variables should be taken into account when rating these factors, a custom-made weighted ranking method was developed which enabled an estimation of the weighted importance of finance-related factors. A comparative study of the results between Hong Kong and Australia was conducted. Discussion is provided to describe how these factors can help improve the briefing stage of PPP projects.
Finance-Related Critical Success Factors for the Briefing of PPP Projects in Construction
Public-private partnership (PPP) is widely used in the world. Many researchers claimed that PPP can contribute to sustainability in nature as it promotes long-term productive use of resources. The briefing stage is important to a PPP project because it is the stage when private sector funds are injected into projects. In considering this, the paper aims at identifying the finance-related critical factors that could lead to the success of the project in the briefing stage. Six finance-related factors were identified based on a comprehensive review of literature followed by personal interviews. The importance of these factors was rated using a questionnaire survey in Hong Kong and Australia. Because some background variables should be taken into account when rating these factors, a custom-made weighted ranking method was developed which enabled an estimation of the weighted importance of finance-related factors. A comparative study of the results between Hong Kong and Australia was conducted. Discussion is provided to describe how these factors can help improve the briefing stage of PPP projects.
Finance-Related Critical Success Factors for the Briefing of PPP Projects in Construction
Tang, LiYaning (Autor:in) / Shen, Geoffrey Qiping (Autor:in)
International Conference on Construction and Real Estate Management 2013 ; 2013 ; Karlsruhe, Germany
ICCREM 2013 ; 427-437
07.10.2013
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
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