Current issues in developing output specifications for PPP/PFI projects

Arshad Ali Javed, Tsun Ip Lam, Ping Chuen Chan, Akintola Akintoye

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

Abstract

Output specifications form an integral part of tendering documents for PPP projects. The document defines what the output-based requirements of clients are and also covers issues such as physical asset, facilities, level of service, change, performance criteria linking payment mechanism and risk allocation. Producing an effective Output specification is an art of defining the end without specifying the means. Well designed and structured Output specifications not only provide an opportunity to bidder/contractor to offer innovative and cost effective solution to the client but can also minimize future conflicts arising from Public Private Partnership contracts. Value for money can only be achieved with precise development and implementation of Output specifications. The aim of this paper is firstly to examine the issues related to client?s requirements, building of physical asset, service requirements, links to payment mechanism and risk allocation under an analytical framework. Secondly, the element of change has to be properly addressed in this long term partnership and issues related to flexibility in introducing changes and facilitating the renegotiations process will be examined.
Original languageEnglish
Title of host publicationCRIOCM 2010 - International Symposium on Advancement of Construction Management and Real Estate "Towards Sustainable Development of International Metropolis"
PublisherChinese Research Institute of Construction Management
Pages589-595
Number of pages7
Publication statusPublished - 1 Jan 2010
Event15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010 - Thistle Hotel, Johor Bahru, Malaysia
Duration: 6 Aug 20107 Aug 2010

Conference

Conference15th Annual Symposium on Advancement of Construction Management and Real Estate: Towards Sustainable Development of International Metropolis, CRIOCM 2010
Country/TerritoryMalaysia
CityJohor Bahru
Period6/08/107/08/10

Keywords

  • Change
  • Output specifications
  • PPP/PFI
  • Renegotiation

ASJC Scopus subject areas

  • Building and Construction
  • Architecture
  • Strategy and Management
  • Business and International Management
  • Urban Studies

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