Review of Value-for-Money Analysis for Comparing Public-Private Partnerships with Traditional Procurements

Various authors have written about public private partnerships (PPPs) and their ability to provide public sectors with Value for Money (VfM). However, few literary sources provide a background on the state of the practice of VfM. This paper provides an overview of VfM practice across the globe, focusing particularly on the practice of three agencies with well-developed VfM guidance and tools—Partnerships Victoria, The United Kingdom’s Her Majesty Treasury Department, and Partnerships British Columbia. In addition, it discusses the critiques regarding VfM and suggestions brought up in the literature to improve this type of assessment. The authors find that although VfM analyses can be faulty, they are often valued as adequate tools that allow public agencies to determine the added value - benefits, costs and risks - that can result from a PPP option versus a traditional procurement. With targeted incentives to develop the appropriate data, and as the applications of these tools continue to evolve in robustness, such assessments and tools can be an extremely valuable resource for U.S. state agencies looking to provide services and facilities through the PPP option.

• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Morallos, Dorothy
  • Amekudzi, Adjo Akpene
• Conference:
  • Transportation Research Board 87th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2008-1-13 to 2008-1-17
• Date: 2008

Language

• English

Media Info

• Media Type: DVD
• Features: References;
• Pagination: 13p
• Monograph Title: TRB 87th Annual Meeting Compendium of Papers DVD

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Literature reviews; Procurement; Public private partnerships; Risk assessment; State of the practice; Transportation planning
• Uncontrolled Terms: Value for money
• Geographic Terms: United Kingdom
• Subject Areas: Highways; Planning and Forecasting; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01088486
• Record Type: Publication
• Report/Paper Numbers: 08-2864
• Files: TRIS, TRB
• Created Date: Feb 25 2008 2:32PM