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Article: Concessionaire selection for build-operate-transfer tunnel projects in Hong Kong

TitleConcessionaire selection for build-operate-transfer tunnel projects in Hong Kong
Authors
KeywordsBuild/Operate/Transfer
Hong Kong
Tunnel Construction
Issue Date2002
PublisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.html
Citation
Journal Of Construction Engineering And Management, 2002, v. 128 n. 2, p. 155-163 How to Cite?
AbstractA significant realignment of risks between project participants is a fundamental facet of the new procurement paradigm of BOT (build-operate- transfer). A BOT concessionaire assumes far more and deeper risks than a contractor. One critical contributor to the success of a BOT project is the selection of an appropriate concessionaire who has the necessary capacity to provide the best overall deal throughout the build-operate-transfer process. However, various BOT-type procurement protocols are not yet proven and are still being tried and tested. Many countries are at the lower ends of their learning curves. Therefore, there is a need to benchmark the best practices that have been emerging. The Hong Kong government has developed a well-structured concessionaire selection framework supported by the Kepner-Tregoe decision analysis technique. This paper analyzes and draws experiences and lessons from this concessionaire selection practice. Current concessionaire selection practices worldwide are also discussed with a view to improve the procurement process of regions lacking in such experiences or expertise.
Persistent Identifierhttp://hdl.handle.net/10722/150273
ISSN
2015 Impact Factor: 1.152
2015 SCImago Journal Rankings: 1.219
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZhang, XQen_US
dc.contributor.authorKumaraswamy, MMen_US
dc.contributor.authorZheng, Wen_US
dc.contributor.authorPalaneeswaran, Een_US
dc.date.accessioned2012-06-26T06:02:55Z-
dc.date.available2012-06-26T06:02:55Z-
dc.date.issued2002en_US
dc.identifier.citationJournal Of Construction Engineering And Management, 2002, v. 128 n. 2, p. 155-163en_US
dc.identifier.issn0733-9364en_US
dc.identifier.urihttp://hdl.handle.net/10722/150273-
dc.description.abstractA significant realignment of risks between project participants is a fundamental facet of the new procurement paradigm of BOT (build-operate- transfer). A BOT concessionaire assumes far more and deeper risks than a contractor. One critical contributor to the success of a BOT project is the selection of an appropriate concessionaire who has the necessary capacity to provide the best overall deal throughout the build-operate-transfer process. However, various BOT-type procurement protocols are not yet proven and are still being tried and tested. Many countries are at the lower ends of their learning curves. Therefore, there is a need to benchmark the best practices that have been emerging. The Hong Kong government has developed a well-structured concessionaire selection framework supported by the Kepner-Tregoe decision analysis technique. This paper analyzes and draws experiences and lessons from this concessionaire selection practice. Current concessionaire selection practices worldwide are also discussed with a view to improve the procurement process of regions lacking in such experiences or expertise.en_US
dc.languageengen_US
dc.publisherAmerican Society of Civil Engineers. The Journal's web site is located at http://www.pubs.asce.org/journals/co.htmlen_US
dc.relation.ispartofJournal of Construction Engineering and Managementen_US
dc.rightsJournal of Construction Engineering and Management. Copyright © American Society of Civil Engineers.-
dc.subjectBuild/Operate/Transferen_US
dc.subjectHong Kongen_US
dc.subjectTunnel Constructionen_US
dc.titleConcessionaire selection for build-operate-transfer tunnel projects in Hong Kongen_US
dc.typeArticleen_US
dc.identifier.emailKumaraswamy, MM:mohan@hkucc.hku.hken_US
dc.identifier.authorityKumaraswamy, MM=rp00126en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1061/(ASCE)0733-9364(2002)128:2(155)en_US
dc.identifier.scopuseid_2-s2.0-13944255057en_US
dc.identifier.hkuros72499-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-13944255057&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume128en_US
dc.identifier.issue2en_US
dc.identifier.spage155en_US
dc.identifier.epage163en_US
dc.identifier.isiWOS:000174956400008-
dc.publisher.placeUnited Statesen_US
dc.identifier.scopusauthoridZhang, XQ=16647701900en_US
dc.identifier.scopusauthoridKumaraswamy, MM=35566270600en_US
dc.identifier.scopusauthoridZheng, W=7403566206en_US
dc.identifier.scopusauthoridPalaneeswaran, E=6603323319en_US

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