Finance-Related critical success factors for the briefing of PPP projects in construction

Liyaning Tang, Qiping Shen

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

5 Citations (Scopus)

Abstract

Public-private partnership (PPP) is widely used in the world. Many researchers claimed that PPP can contribute to sustainability in nature as it promotes long-term productive use of resources. The briefing stage is important to a PPP project because it is the stage when private sector funds are injected into projects. In considering this, the paper aims at identifying the finance-related critical factors that could lead to the success of the project in the briefing stage. Six finance-related factors were identified based on a comprehensive review of literature followed by personal interviews. The importance of these factors was rated using a questionnaire survey in Hong Kong and Australia. Because some background variables should be taken into account when rating these factors, a custom-made weighted ranking method was developed which enabled an estimation of the weighted importance of finance-related factors. A comparative study of the results between Hong Kong and Australia was conducted. Discussion is provided to describe how these factors can help improve the briefing stage of PPP projects.
Original languageEnglish
Title of host publicationICCREM 2013
Subtitle of host publicationConstruction and Operation in the Context of Sustainability - Proceedings of the 2013 International Conference on Construction and Real Estate Management
Pages427-437
Number of pages11
DOIs
Publication statusPublished - 11 Dec 2013
Event2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013 - Karlsruhe, Germany
Duration: 10 Oct 201311 Oct 2013

Conference

Conference2013 International Conference on Construction and Real Estate Management: Construction and Operation in the Context of Sustainability, ICCREM 2013
CountryGermany
CityKarlsruhe
Period10/10/1311/10/13

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction

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