Tiong, R L K (1995) Risks and guarantees in BOT tender. Journal of Construction Engineering and Management, 121(2), pp. 183-188. ISSN 0733-9364
Abstract
The build-operate-transfer (BOT) concept is being used increasingly by governments across a number of infrastructural sectors in their drive to privatize major public projects. Governments see BOT schemes as a method of financing the construction of urgently needed infrastructure projects without direct sovereign guarantee of the loans and with all the technical and financial risks being borne by the private promoter. This paper is concerned with the issues of risks to be retained by the promoter and the guarantees to be offered to the government in the selection process of a BOT tender. It is critical for the promoter to understand that the ability to retain risks and offer guarantees does provide the competitive advantage in being awarded the concession.
| Item Type: | Article |
|---|---|
| Index terms: | competitive advantage, guarantee, build-operate-transfer, financing, public project, infrastructure project, promoter |
| Subjects: | market analysis, infrastructure engineering, contractual arrangements, infrastructure and transport systems, contract structure, sociology, economic analysis |
| Topics: | Engineering Principles, Business Strategy, Research Practice, Stakeholder Management, Procurement |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here