@inproceedings{e7a723be643743539295285c1b68c2f8,
title = "The rigor of negotiation: Why public-private partnerships are effective",
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.",
keywords = "Construction, Engineering, Infrastructure, Negotiation, Project delivery method, Public-private partnerships",
author = "William Maddex and Allan Chasey",
note = "Publisher Copyright: Copyright {\textcopyright} 2013 by Research Publishing Services.; 7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction, ISEC 2013 ; Conference date: 18-06-2013 Through 23-06-2013",
year = "2013",
doi = "10.3850/978-981-07-5354-2-p-6-411",
language = "English (US)",
series = "ISEC 2013 - 7th International Structural Engineering and Construction Conference: New Developments in Structural Engineering and Construction",
publisher = "Research Publishing Services",
pages = "1603--1608",
editor = "Siamak Yazdani and Amarjit Singh",
booktitle = "ISEC 2013 - 7th International Structural Engineering and Construction Conference",
}