The rigor of negotiation: Why public-private partnerships are effective

William Maddex, Allan Chasey

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Public-private partnerships (P3) have been in use for years in the United Kingdom, Europe, and Australia, and the United States. Typical P3 infrastructure projects include a multiyear term of operation in addition to constructing the structural features to be used. Early studies are proving P3 delivery methods to be effective at construction cost control. This paper examines why P3s are effective during this critical period of the facilities life cycle. Most P3s are grounded in a contractual framework called a Concession Agreement (CA). An examination of the key elements that constitute the CA reveals that there is room for negotiation while maintaining a competitive environment, which brings the best value available to the public entity that is a party to the CA. Studies support the notion that these extensive discussions and elaborate agreements lead owners, concessionaires, engineers, and builders to make better decisions throughout the life of a project.

Original languageEnglish (US)
Title of host publicationISEC 2013 - 7th International Structural Engineering and Construction Conference
Subtitle of host publicationNew Developments in Structural Engineering and Construction
EditorsSiamak Yazdani, Amarjit Singh
PublisherResearch Publishing Services
Pages1603-1608
Number of pages6
ISBN (Electronic)9810753551, 9789810753559
DOIs
StatePublished - Jan 1 2013
Event7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction, ISEC 2013 - Honolulu, United States
Duration: Jun 18 2013Jun 23 2013

Publication series

NameISEC 2013 - 7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction

Other

Other7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction, ISEC 2013
CountryUnited States
CityHonolulu
Period6/18/136/23/13

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Keywords

  • Construction
  • Engineering
  • Infrastructure
  • Negotiation
  • Project delivery method
  • Public-private partnerships

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction

Cite this

Maddex, W., & Chasey, A. (2013). The rigor of negotiation: Why public-private partnerships are effective. In S. Yazdani, & A. Singh (Eds.), ISEC 2013 - 7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction (pp. 1603-1608). (ISEC 2013 - 7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction). Research Publishing Services. https://doi.org/10.3850/978-981-07-5354-2-p-6-411