Value for money in international infrastructure public private partnership policies: Survey of African states

Michael Regan, Jim Smith, Peter Love

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

Abstract

The international evidence suggests that public private partnership (PPP) procurement methods using value for money evaluation criteria are delivering better infrastructure services at lower cost than traditional procurement methods. Central to the operation of public private partnerships is the systematic evaluation of the procurement options available to government, as well as an output specification to encourage private design, risk transfer, construction and operational innovation, the detailed analysis of projects over their operational life cycle, a rigorous and competitive bid process, and the selection of proposals that deliver value for money. Value for money is a measure that takes into account both the quantitative and qualitative outcomes over the term of a contract. International surveys undertaken for this study suggest that public private partnership policies that adopt value for money principles and practices will provide government with more accurate information to configure optimal procurement solutions for infrastructure service delivery.
Original languageEnglish
Title of host publicationProceedings of the DII-2014 International Conference on Infrastructure Development and Investment Stragegies in Africa
EditorsI. Musonda, C. Aigavboa
Place of PublicationJohannesburg, South Africa
PublisherUniversity of Johannesburg
Pages150-162
Number of pages13
Publication statusPublished - 2014
EventInternational Conference on Infrastructure Development and Investment Strategies: Decades of Infrastructure Investment - Zambia, Zambia
Duration: 25 Sep 201426 Sep 2014

Conference

ConferenceInternational Conference on Infrastructure Development and Investment Strategies
CountryZambia
Period25/09/1426/09/14

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    Regan, M., Smith, J., & Love, P. (2014). Value for money in international infrastructure public private partnership policies: Survey of African states. In I. Musonda, & C. Aigavboa (Eds.), Proceedings of the DII-2014 International Conference on Infrastructure Development and Investment Stragegies in Africa (pp. 150-162). University of Johannesburg .