Harnessing market competition in PPP procurement: the importance of periodically taking a strategic view
By: Mols, Frank.
Material type:
ArticlePublisher: 2010Description: p.229-44.Subject(s): Public private partnerships
In:
Australian Journal of Public AdministrationSummary: Public-Private Partnerships (PPP) procurement is routinely portrayed as offering greater scope for harnessing competitive market forces to secure value for Money (VJM) than traditional procurement approaches (OECD 2008). The aim of this article is (a) to demonstrate the importance of periodically taking a more systematic and strategic view when assessing VJM in PPP procurement (OGC 2003), and (b) to develop an analytical framework for such an analysis. Road infrastructure procurement in South East Queensland is used as a case study to test the usefulness of the proposed framework, and to show how a narrow focus on individual contracts increases the risk of overlooking overdependence on one supplier (OGC 2003). Discussion focuses on the need to combine detailed analysis of individual contracts with longitudinal analyses of market competitiveness when assessing best VJM. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 69, Issue no: 2 | Available | AR87557 |
Public-Private Partnerships (PPP) procurement is routinely portrayed as offering greater scope for harnessing competitive market forces to secure value for Money (VJM) than traditional procurement approaches (OECD 2008). The aim of this article is (a) to demonstrate the importance of periodically taking a more systematic and strategic view when assessing VJM in PPP procurement (OGC 2003), and (b) to develop an analytical framework for such an analysis. Road infrastructure procurement in South East Queensland is used as a case study to test the usefulness of the proposed framework, and to show how a narrow focus on individual contracts increases the risk of overlooking overdependence on one supplier (OGC 2003). Discussion focuses on the need to combine detailed analysis of individual contracts with longitudinal analyses of market competitiveness when assessing best VJM. - Reproduced.
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