TY - CHAP
T1 - Equitable risk allocation in Chinese public-private partnership power projects
AU - Ke, Y.J.
AU - Wang, S.Q.
AU - Chan, Ping Chuen
PY - 2011
Y1 - 2011
N2 - It is important for the public and private sectors to establish effective risk allocation strategies for PPP projects in order to achieve a more efficient process of contract negotiation. This paper has studied the equitable allocation of risks in China’s PPP power projects based on a comparative analysis of preferred and actual risk allocations. According to the analysis, three risks, namely, “Change in law”, “Competition (Exclusive right)” and “Organization and coordination risk” had different allocations. Reasons behind the differences were analyzed and more appropriate allocations for the three risks were also discussed. The preferred and actual allocation for other risks would also be reported in this paper.
AB - It is important for the public and private sectors to establish effective risk allocation strategies for PPP projects in order to achieve a more efficient process of contract negotiation. This paper has studied the equitable allocation of risks in China’s PPP power projects based on a comparative analysis of preferred and actual risk allocations. According to the analysis, three risks, namely, “Change in law”, “Competition (Exclusive right)” and “Organization and coordination risk” had different allocations. Reasons behind the differences were analyzed and more appropriate allocations for the three risks were also discussed. The preferred and actual allocation for other risks would also be reported in this paper.
U2 - 10.1007/978-3-642-15243-6_15
DO - 10.1007/978-3-642-15243-6_15
M3 - Chapter in an edited book (as author)
SN - 3642152422
SN - 9783642152429
T3 - Computational risk management
SP - 131
EP - 138
BT - Modeling risk management in sustainable construction
PB - Springer
ER -