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New Forms of Procurement
PPP and Relational Contracting in the 21st Century. Spon Research
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Synopsis
The last three decades have seen the evolution of Public-Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as:
Reviews and reflection of the PPP approach
Project Alliancing
Implementation of RC in developing countries
Changes in procurement policy
Value for money, collaboration and stakeholder involvement
Growth and emergence of PPPs in Asia
Risk management
Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using 'public' or 'private' mechanisms, or a combination of the two. New & Used
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What Reviewers Are Saying
"This book's strength is that it has tried to assess where the PPP model is at in the countries where the approach is more widely used and to frame it by looking at the contractual structures that underpin procurement into these projects rather than looking at the financial structures or the parties or the problems... I could see this book being used in a number of different ways: individual chapters might form readings reporting taught courses, perhaps most likely on executive education programs rather than at Masters level. As a complete book it offers a really good introduction to a different way of thinking about PPPs - a change from other texts in the area that may be very context specific or may follow a process model and are designed for university teaching... This book offers a good overview of PPPs with the stress on the relationship between the different stakeholders and particularly on the relationship between providers of services coming into projects as well as the state of play of PPPs in a range of different countries and contexts" - Carmel de Nahlik, Ph.D., External Faculty at Warwick Manufacturing Group (University of Warwick), co-author of Project Financing (8th Edition) with Professor Frank Fabozzi. "This is by far the most exceptional collection of research (and related practice) on PPPs that I have come across. Ranging from emerging issues in risk to evaluations of PPP initiatives to the adoption of relational contracting in new parts of the world (such as Asia) to technical aspects of collaborative arrangements such as design management, the text is rich in detail and develops a wide-ranging understanding of issues pertinent to the use of PPPs in different parts of the world. The book also introduces sufficient practice for one to be able to see the development of best practice, while also being able to contrast practice in emerging markets and the developed world (the London Underground PPP and e-tolling of South Africa's Gauteng freeway being examples) ... For anyone working in the area of Public-Private-Partnerships, be it from a contractor's point of view, local or regional government's stance or an academic's standpoint, this book is an absolute must." Zehra Waheed, Suleman Dawood School of Business, Lahore University of Management Sciences (LUMS), Pakistan, in Facilities, Volume 36, Number 7/8