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Public-Private Partnerships: What Can The United States Learn From Europe?
| Content Provider | Semantic Scholar |
|---|---|
| Author | Schmid, Ralph A. Kramer, Scott William |
| Copyright Year | 2013 |
| Abstract | Project delivery in the construction industry has evolved greatly over the past 35 years, forcing construction firms to embrace new procurement methods as a means of obtaining more work. One of the latest alternative forms of construction procurement is public-private partnerships (PPP). Unlike traditional methods, PPPs have allowed contractors to control an asset’s entire lifecycle; from finance to maintaining the asset post-construction. This paper aims to understand European construction firms’ individual experiences involving PPPs, in order to ascertain the viability of PPP use in the United States. Interviews were conducted with a range of European construction professionals, using a focused-interview technique. The main PPP themes that triangulated from the interviewees were the: (1) use of private-sector capital and capabilities, (2) investment aspect of the projects, (3) expensive process, (4) risk transfer and assumption, and (5) importance of facilities management. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://ascpro0.ascweb.org/archives/cd/2013/paper/CPGT38002013.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
