Performance of public private partnerships : an evolutionary perspective

Furneaux, Craig W., Brown, Kerry A., Tywoniak, Stephane, & Gudmundsson, Amanda (2009) Performance of public private partnerships : an evolutionary perspective. In The 4th World Congress on Engineering Asset Management (WCEAM), 28 – 30 September 2009, Ledra Marriott Hotel, Athens.

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PPPs are held to be a powerful way of mobilising private finance and resources to deliver public infrastructure. Theoretically, research into procurement has begun to acknowledge difficulties with the classification and assessment of different types of procurement, particularly those which do not sufficiently acknowledge variety within specific types of procurement methods. This paper advances a theoretical framework based on an evolutionary economic conceptualisation of a routine, which can accommodate the variety evident in procurement projects, in particular PPPs. The paper tests how the various elements of a PPP, as advanced in the theoretical framework, affect performance across 10 case studies. It concludes, that a limited number of elements of a PPP affect their performance, and provides strong evidence for the theoretical model advanced in this paper.

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ID Code: 28995
Item Type: Conference Paper
Refereed: Yes
Keywords: Procurement, Asset Management, Organisational Routines, Variation, Performance
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Business and Management not elsewhere classified (150399)
Divisions: Current > Research Centres > Australian Centre for Business Research
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Deposited On: 30 Nov 2009 23:03
Last Modified: 07 Sep 2012 00:41

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