Australian bid cost benchmarking of public private partnerships

Michael Regan, Jim Smith, Peter Love

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Abstract

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
partnership (PPP) projects in Australia. Accordingly, this review seeks to construct
approximate bid cost benchmarks from a limited and informal survey of leading
building contractors, financial institutions and consultants participating in the PPP bid market, articles published in refereed journals and reports prepared by industry
associations, governments and their agencies. The data in this area is commercially sensitive and due to its nature the survey of stakeholders has been limited.
Original languageEnglish
Title of host publicationProceedings of RICS COBRA 2013
EditorsC Eriksson
Place of Publication(n.p.)
PublisherRoyal Institute of Chartered Surveyors (RICS)
Pages1-8
Number of pages8
Publication statusPublished - 2013
EventRoyal Institution of Chartered Surveyors, COBRA 2013 - New Delhi, New Delhi, India
Duration: 10 Sep 201312 Sep 2013

Conference

ConferenceRoyal Institution of Chartered Surveyors, COBRA 2013
Abbreviated titleRICS COBRA 2013
CountryIndia
CityNew Delhi
Period10/09/1312/09/13

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  • Cite this

    Regan, M., Smith, J., & Love, P. (2013). Australian bid cost benchmarking of public private partnerships. In C. Eriksson (Ed.), Proceedings of RICS COBRA 2013 (pp. 1-8). Royal Institute of Chartered Surveyors (RICS).