Global Developments in Public Infrastructure Procurement

Download or read book Global Developments in Public Infrastructure Procurement written by Darrin Grimsey and published by Edward Elgar Publishing. This book was released on 2017-11-24 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is widespread acceptance of the importance of infrastructure, but less agreement about how it should be funded and procured. While most public infrastructure is still provided in-house or by traditional procurement methods – with well-researched strengths and weaknesses – the development of service concession arrangements has seen a greater emphasis on lifecycle costing, risk assessment and asset design as featured in a variety of public private partnership (PPP) delivery models. This book examines the various procurement approaches, and provides a framework for comparing their advantages and disadvantages. Drawing on international experience, it considers some of the best and worst examples of PPPs, and infrastructure projects generally, along with the lessons for improving infrastructure procurement processes.