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Article: Payment and audit mechanisms for non private-funded PPP-based infrastructure maintenance projects

TitlePayment and audit mechanisms for non private-funded PPP-based infrastructure maintenance projects
Authors
KeywordsAuditing
Infrastructure facilities
Maintenance
Performance-based payment
Public-private partnerships
Issue Date2007
PublisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.asp
Citation
Construction Management And Economics, 2007, v. 25 n. 9, p. 915-923 How to Cite?
AbstractThe introduction of a non private-funded public-private partnerships (PPP) approach to the maintenance and operation of infrastructure facilities necessitates an equitable performance standard, a sensible penalty mechanism and a credible auditing system. Yet, with limited research on this type of scheme, it is not clear whether the payment and audit mechanisms can adequately gauge the performance of private partners and truly reflect the quality of service provided in their payment. The question is whether the reliability of the payment reduction and auditing mechanisms pertinent to the non-private funded PPP infrastructure maintenance can be systematically verified. With reference to a case study in Hong Kong, field data have been collected and tested according to the sensitivity analysis and level of confidence. The results indicate that the level of payment reduction due to poor performance is fair and the audit frequency is adequate to reflect the overall performance of the service provider. The approaches adopted in this research should provide an objective basis for public and private partners to formulate a mutually acceptable and effective mechanism for non private-funded PPP infrastructure maintenance contracts.
Persistent Identifierhttp://hdl.handle.net/10722/71784
ISSN
2015 SCImago Journal Rankings: 0.967
References

 

DC FieldValueLanguage
dc.contributor.authorNg, STen_HK
dc.contributor.authorWong, YMWen_HK
dc.date.accessioned2010-09-06T06:35:08Z-
dc.date.available2010-09-06T06:35:08Z-
dc.date.issued2007en_HK
dc.identifier.citationConstruction Management And Economics, 2007, v. 25 n. 9, p. 915-923en_HK
dc.identifier.issn0144-6193en_HK
dc.identifier.urihttp://hdl.handle.net/10722/71784-
dc.description.abstractThe introduction of a non private-funded public-private partnerships (PPP) approach to the maintenance and operation of infrastructure facilities necessitates an equitable performance standard, a sensible penalty mechanism and a credible auditing system. Yet, with limited research on this type of scheme, it is not clear whether the payment and audit mechanisms can adequately gauge the performance of private partners and truly reflect the quality of service provided in their payment. The question is whether the reliability of the payment reduction and auditing mechanisms pertinent to the non-private funded PPP infrastructure maintenance can be systematically verified. With reference to a case study in Hong Kong, field data have been collected and tested according to the sensitivity analysis and level of confidence. The results indicate that the level of payment reduction due to poor performance is fair and the audit frequency is adequate to reflect the overall performance of the service provider. The approaches adopted in this research should provide an objective basis for public and private partners to formulate a mutually acceptable and effective mechanism for non private-funded PPP infrastructure maintenance contracts.en_HK
dc.languageengen_HK
dc.publisherRoutledge. The Journal's web site is located at http://www.tandf.co.uk/journals/titles/01446193.aspen_HK
dc.relation.ispartofConstruction Management and Economicsen_HK
dc.subjectAuditingen_HK
dc.subjectInfrastructure facilitiesen_HK
dc.subjectMaintenanceen_HK
dc.subjectPerformance-based paymenten_HK
dc.subjectPublic-private partnershipsen_HK
dc.titlePayment and audit mechanisms for non private-funded PPP-based infrastructure maintenance projectsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0144-6193&volume=25&issue=9&spage=915&epage=924&date=2007&atitle=Payment+and+audit+mechanisms+for+non+private-funded+PPP-based+infrastructure+maintenance+projectsen_HK
dc.identifier.emailNg, ST:tstng@hkucc.hku.hken_HK
dc.identifier.authorityNg, ST=rp00158en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1080/01446190701544396en_HK
dc.identifier.scopuseid_2-s2.0-34648834797en_HK
dc.identifier.hkuros142787en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-34648834797&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume25en_HK
dc.identifier.issue9en_HK
dc.identifier.spage915en_HK
dc.identifier.epage923en_HK
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridNg, ST=7403358853en_HK
dc.identifier.scopusauthoridWong, YMW=12792232500en_HK
dc.identifier.citeulike2031839-

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