Tiong, R L K and Alum, J (1997) Distinctive winning elements in BOT tender. Engineering, Construction and Architectural Management, 4(2), pp. 83-94. ISSN 0969-9988
Abstract
The Build-Operate-Transfer (BOT) model of development of privatized infrastructure projects is implemented through the award of a concession to a private sector consortium which will finance, build and operate the facility. In a competitive BOT tender, the selection of the successful consortium does not depend on the lowest tolls offered by the tenderer. Rather, it is dependent on the ability of the promoter to provide the most competitive package of distinctive winning elements in its proposal during the final negotiations. The promoter must fully understand the government's needs and concerns and be able to address them through the right package of the winning elements. In this paper, these elements are developed from sub-factors of the critical success factors of technical solution advantage, financial package differentiation and differentiation in guarantees.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | BOOT; concession; operate; procurement |
| Index terms: | negotiation, infrastructure project, build-operate-transfer, private sector, package, consortium, promoter, differentiation, critical success factor, toll, guarantee, proposal |
| Subjects: | contract structure, infrastructure and transport systems, industry analysis, transportation engineering, partnership management, conflict resolution, sociology, control systems, organization, contractual arrangements, project planning |
| Topics: | Organizational Design, Stakeholder Management, Procurement, Business Strategy, Project Management, Engineering Principles |
| Descriptive scope: | 2 PC |
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