VfM in CEE and SEE Countries

When developing and implementing Public Private Partnerships (PPP) there are a number of key issues that must be taken into account during the justification of this form of procurement. One of the most important considerations is ensuring that the PPP will provide Value for Money (VfM) to the Public Sector when compared to more traditional methods of procurement. The process of calculating VfM for a PPP is called a Public Sector Comparator (PSC) and is an economic evaluation of both the traditional and the PPP forms of procurement that takes into account all aspects of the design, financing, delivery and maintenance of an asset. This paper defines the complexities of a PSC and shows how they have been adopted in Central and Eastern Europe (CEE) and South Eastern Europe (SEE) countries through a practical case study.

• Record URL:
  https://aetransport.org/past-etc-papers/conference-papers-pre-2009/conference-papers-2009
• Corporate Authors:

  Association for European Transport (AET)

  1 Vernon Mews, Vernon Street, West Kensington
  London W14 0RL,    
• Authors:
  • Snelson, P
• Conference:
  • European Transport Conference, 2009
  • Location: Leiden Leeuwenhorst Conference Centre , Netherlands
  • Date: 2009-10-5 to 2009-10-7
• Publication Date: 2009

Language

• English

Media Info

• Media Type: Web
• Pagination: v.p.
• Monograph Title: European Transport Conference, 2009 Proceedings

Subject/Index Terms

• TRT Terms: Case studies; Economic development; Financial analysis; Governments; Planning and design; Project delivery; Project management; Public private partnerships
• Uncontrolled Terms: Value for money
• Geographic Terms: Europe
• Subject Areas: Administration and Management; Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01349542
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 10 2011 10:43AM