Zhang, K and Cui, Q (2020) Does P3 favour large companies? From equity financing to social equity. In: Scott, L and Neilson, C J (eds.) Proceedings of 36th Annual ARCOM Conference, 7-8 September 2020, Online Event, UK.
Abstract
Ensuring equity in the participation of transportation projects promotes job creation and social justice. Federally-funded procurements have requirements about reaching the participation goal of the Disadvantaged Business Enterprises (DBEs), which are set by project owners (e.g. states' departments of transportation). P3 projects, with developers' input in the early stages, are believed to have more realistic goals and better performance compared to projects using Design-Bid-Build. Moreover, the developers are more conscious of the DBE requirements, as reflected in the explicit commitments in the bid proposals (sometimes detailed plans). However, the intricacies of how to effectively promote DBE performance in a P3 contract have not been examined. This paper aims to understand the effect of the DBE provisions on DBE participation performance for P3 transportation projects in the US. The study examines more than 13 P3 projects to compare the DBE provisions against the federal guideline, and using Qualitative Comparative Analysis, the provisions that effectively improves DBE performance are suggested. This paper also proposes potential future studies to promote small companies' presence in P3 arrangements.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | disadvantaged business enterprise; public-private partnership; equity; performance |
| Index terms: | future study, presence, equity financing, design-bid-build, partnership, qualitative comparative analysis, commitment, transportation project, social justice, owner, proposal |
| Subjects: | research design and methodology, contractual arrangements, project planning, environmental science, economic analysis, psychology, research methods, infrastructure and transport systems, partnership management, sociology |
| Topics: | Ethics, Organizational Design, Engineering Principles, Research Practice, Project Management, Business Strategy, Sustainability, Procurement, Stakeholder Management |
| Descriptive scope: | 4 PCTA |
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