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Full-Text Articles in Urban Studies and Planning
Australian Bid Cost Benchmarking Of Public Private Partnerships, Michael Regan, Jim Smith, Peter Love
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 …
Financing Mechanisms For Public Private Partnerships: Australian Experience, Michael Regan, Jim Smith, Peter Love
Financing Mechanisms For Public Private Partnerships: Australian Experience, Michael Regan, Jim Smith, Peter Love
Michael Regan
Recent events in international capital markets has had major impact on the ongoing rollout of Public Private Partnerships (PPPs) and slowed their use. Capital has been hard to source especially for projects over $300 million, the patronage risk model for economic infrastructure is no longer available, debt is more expensive than it was 18 months ago and credit risk insurance is no longer readily available. This has affected bid markets and slowed the delivery of new infrastructures with longer-term implications for economic performance across the whole economy.