IMPACT OF FINANCIAL PACKAGE VERSUS TECHNICAL SOLUTION IN A BOT TENDER
The technical design and the financial package are the two main components in the tender of a privatized infrastructure project let under the build-operate-transfer (BOT) contractual arrangement. This paper examines the influence of a financial package when evaluated against the technical design during the selection process. An ability to provide an attractive financial package is essential under four conditions: 1) the project is technically certain; 2) the tolls to be charged are of government's main concern; 3) competition is keen; and 4) the project viability and financing are uncertain. The author comments, however, that the importance of an innovative technical solution should not be underestimated as it can make an attractive financial package possible. In case studies, the role of an innovative technical solution was not discounted despite the great importance attached to the financial package by the governments.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/8675438
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Corporate Authors:
American Society of Civil Engineers
345 East 47th Street
New York, NY United States 10017-2398 -
Authors:
- TIONG, RLK
- Publication Date: 1995-9
Language
- English
Media Info
- Features: Appendices; References; Tables;
- Pagination: p. 304-311
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Serial:
- Journal of Construction Engineering and Management
- Volume: 121
- Issue Number: 3
- Publisher: American Society of Civil Engineers
- ISSN: 0733-9364
- EISSN: 1943-7862
- Serial URL: http://ascelibrary.org/journal/jcemd4
Subject/Index Terms
- TRT Terms: Build operate transfer; Competition; Design; Finance; Governments; Infrastructure; Privatization; Programming (Planning)
- Uncontrolled Terms: Selection
- Old TRIS Terms: Financial programming
- Subject Areas: Design; Finance; Highways; I10: Economics and Administration;
Filing Info
- Accession Number: 00711556
- Record Type: Publication
- Files: TRIS
- Created Date: Sep 19 1995 12:00AM