Kumaraswamy, M M and Morris, D A (2002) Build-operate-transfer-type procurement in Asian megaprojects. Journal of Construction Engineering and Management, 128(2), pp. 93-102. ISSN 0733-9364
Abstract
Lessons are drawn from the recent resurgence in public-private partnerships for the procurement of large scale infrastructure, with a focus on Asian megaprojects. BOT (build-operate-transfer)-type win-win cooperation aligns well with the paradigm shift that has repeatedly been called for in addressing construction industry shortfalls. However, the many volatile variables involved and the limited experience in dealing with the special risks encountered highlights the need for decision support frameworks to evaluate and select the optimal from among: (1) potential BOT-type projects; (2) prospective franchisees; and (3) innovative project financing packages. Such frameworks should include appropriate success criteria and indicators for their evaluation. Benchmarking of good practices would establish reasonable ranges of values for such indicators. Identification of critical success factors, classifications of common risks, and comparisons of recent experiences on BOT-type projects lead to recommendations for the development of a "BOT body of knowledge" with related guidelines and toolkits. These would assist both public and private sector decision makers considering BOT-type modalities to attain multiple win-win-win targets that benefit their respective interests, as well as those of the general public end users.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Asia; build/operate/transfer; foreign projects; infrastructure; project management |
| Index terms: | partnership, body of knowledge, end user, package, benchmarking, good practice, success criteria, toolkit, build-operate-transfer, megaproject, construction industry, Asia, project management, paradigm, private sector, financing, decision support, cooperation, critical success factor |
| Subjects: | education and knowledge transfer, contractual arrangements, project management theory and practice, psychology, performance measurement, assessment methods, control systems, regions and continents, partnership management, industry analysis, decision analysis, economic analysis, strategic project management, stakeholder, knowledge management, software systems |
| Topics: | Research Practice, Quality Management, Project Management, Stakeholder Management, Engineering Principles, Procurement, Risk Management, Information Management, Geographical Context, Roles and Professions, Organizational Design, Business Strategy |
| Descriptive scope: | 3 PCT |
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