Zhang, X (2005) Criteria for selecting the private-sector partner in public-private partnerships. Journal of Construction Engineering and Management, 131(6), pp. 631-644. ISSN 0733-9364
Abstract
A critical issue in public-private partnerships (PPPs) in international infrastructure development is the selection of the right private-sector partner. This necessitates a best value source selection methodology in which the establishment of a set of appropriate selection criteria is a prerequisite. Various important selection criteria have been identified through a literature review of previous studies on critical success factors; experience drawing and lessons learning from international PPP practices; examination of selection criteria used in worldwide PPP projects; and interviews/correspondence with international PPP experts and practitioners. These identified criteria are classified into four evaluation packages for PPP projects in general: (1) financial, (2) technical, (3) safety, health, and environmental, and (4) managerial. The relative importance of these evaluation packages and the relative significance of the criteria within each package have been statistically analyzed based on a structured questionnaire survey of worldwide PPP expert opinions. These statistical analyses include validity and reliability analysis, Mann Whitney U tests, direct comparisons of mean criterion significance indexes and criterion rankings between respondents across public, private, and academic sectors, and a general rank agreement analysis across sectors for each evaluation package. These research outputs would facilitate the formulation of a multicriteria best value source selection methodology for PPP projects in general and the development of both objective and subjective evaluation criteria to select the right private-sector partner for a particular PPP project.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | build/operate/transfer; financial management; infrastructure; partnerships; privatization; project management |
| Index terms: | partnership, statistical analysis, validity, financial management, critical issue, reliability analysis, package, privatization, selection criteria, project management, best value, drawing, literature review, research output, infrastructure development, survey, interview, relative importance, critical success factor, methodology, practitioner, questionnaire |
| Subjects: | practitioner, control systems, reliability engineering, risk assessment, data collection methods, evaluation and assessment methods, data analysis and analytics, contractual arrangements, bidding, data science, economic analysis, technical documentation, research products and data, project management theory and practice, infrastructure engineering, tendering, research methods, partnership management |
| Topics: | Design Practice, Roles and Professions, Stakeholder Management, Risk Management, Procurement, Business Strategy, Engineering Principles, Information Management, Project Management, Research Practice |
| Descriptive scope: | 5 PCTEA |
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