Birgonul, M T and Ozdogan, I (1998) A proposed framework for governmental organizations in the implementation of build-operate-transfer (BOT) model. In: Hughes, W (ed.) Proceedings of 14th Annual ARCOM Conference, 9-11 September 1998, Reading, UK.
Abstract
The experience of most developing countries is that benefits of private sector participation models are only achievable under the existence of some prerequisite conditions associated with the legal arrangements, economical and political environments prevailing in a country. The Build-Operate-Transfer (BOT) model, which was developed as a way to acquire necessary infrastructure investments, without affecting a government’s budget, had some unsuccessful applications in Turkey as a result of insufficient legal framework, ineffective tendering and evaluation procedures and the inexperience of client organizations in implementing BOT projects. It has been widely accepted that some legal and organizational refinements should be made so that the BOT system could operate in a better way. The objective of this paper is to propose an effective strategy for governmental institutions involved in BOT projects. In this research, a systematic approach will be introduced to enhance the decision-making process of client organizations. The proposed framework covers; identification of objectives, determination of project viability, development of an effective tender evaluation mechanism, proper risk allocation through contractual arrangements and measurement of project success.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | BOT; multi-criteria decision making; tender evaluation |
| Index terms: | tender evaluation, Turkey, developing country, implementation, build-operate-transfer, client organization, risk allocation, strategy, infrastructure investment, decision-making, private sector participation, decision-making process, project success |
| Subjects: | Geography, financial risk, tendering, economic analysis, stakeholder participation, management, project management theory and practice, development economics, contractual arrangements, decision analysis, client relations |
| Topics: | Cost Management, Geographical Context, Project Management, Stakeholder Management, Business Strategy, Procurement, International Construction, Risk Management |
| Descriptive scope: | 2 PC |
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