Collected Hypotheses Concerning Benefits of Highway Public Private Partnerships

The literature on the impacts of P3 procurement strategies was reviewed for the purpose of extracting hypotheses connecting P3 “drivers” (causes of impacts relative to conventional procurement) to “benefits” in the form of cost savings, schedule shrinkage, and quality improvement. The paper presents ten such hypotheses from six drivers, such as risk transfer and integration across phases. The intention is to quantify the hypotheses by devising ways to measure or score the drivers, developing algorithms connecting drivers to benefits, and moderating these relationships with factors (complexity, inherent risk) that may affect only one or a few drivers. This model will be incorporated into FHWA’s P3 VALUE model for conducting value for money analysis of P3 proposals.

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• Supplemental Notes:
  • This paper was sponsored by TRB committee ABE10 Standing Committee on Revenue and Finance.
• Corporate Authors:

  Transportation Research Board

  500 Fifth Street, NW
  Washington, DC  United States  20001
• Authors:
  • Brazeale, Andrew
  • Epstein, David
  • Lee, Douglass B
  • Mattson, Amanda
• Conference:
  • Transportation Research Board 96th Annual Meeting
  • Location: Washington DC, United States
  • Date: 2017-1-8 to 2017-1-12
• Date: 2017

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: 20p
• Monograph Title: TRB 96th Annual Meeting Compendium of Papers

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Highway planning; Procurement; Project delivery; Public private partnerships
• Subject Areas: Administration and Management; Finance; Highways;

Filing Info

• Accession Number: 01623348
• Record Type: Publication
• Report/Paper Numbers: 17-04664
• Files: PRP, TRIS, TRB, ATRI
• Created Date: Jan 24 2017 3:31PM