Technological innovation in PPPs: incentives, opportunities and actions
From a construction perspective, Public-Private Partnership projects (PPPs) are often credited as providing real incentives for the actors involved as well as a business environment that is conducive to innovation and improved practices. The validity of four common rhetorical arguments used to promote the PPP procurement route is explored: collaborative working, design freedom, long-term commitment and risk transfer. Particular interest is given to the extent to which espoused intentions correlate with experienced realities in allowing actors involved in the design and construction phases to be presented with, and able to exploit, opportunities for technological innovation. It is argued that there is reason to be cautious in fully accepting the purported benefits of the PPP framework and that the arguments often presented need to be revised. Alternative interpretations are provided.
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Volume (Year): 24 (2006)
Issue (Month): 3 ()
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References listed on IDEAS
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- Lawrie Haynes & Neil Roden, 1999. "Commercialising the management and maintenance of trunk roads in the United Kingdom," Transportation, Springer, vol. 26(1), pages 31-54, February.
- Spackman, Michael, 2002. "Public-private partnerships: lessons from the British approach," Economic Systems, Elsevier, vol. 26(3), pages 283-301, September.
- Moira Fischbacher & P. B. Beaumont, 2003. "PFI, Public-Private Partnerships and the Neglected Importance of Process: Stakeholders and the Employment Dimension," Public Money & Management, Chartered Institute of Public Finance and Accountancy, vol. 23(3), pages 171-176, 07.
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