Urban Studies and Planning Commons^™

Australian Bid Cost Benchmarking Of Public Private Partnerships, Michael Regan, Jim Smith, Peter Love

Michael Regan

Bid costs are essentially a concern of private companies and evidence is difficult to source from companies keen to safeguard their cost structures in a competitive bid market. Little evidence is available from the product disclosure statements of public companies or published statutory or Securities Exchange returns. Few companies disclose detailed information although there is wide use of generic “rules of thumb” for different project categories and most companies engaged in the PPP market are unwilling to provide information other than in anecdotal form. This paper reviews empirical and pilot survey evidence to ascertain bid cost benchmarks for public private …