Strategic Construction Procurement and PPP †MyAssignmenthelp.com

Question: Discuss about the Strategic Construction Procurement and PPP. Answer: Introduction Public Private Partnership (PPP) refers to the contractual arrangements between the public agency and the private sector companies. The main reason behind this agreement is the sharing of assets and skills of each sector so that various services and facilities can be delivered for the public. Thus, it needs to be mentioned that there is immense need for cooperation between these agencies to get the desired results. Publicprivate Partnerships: Lessons from the British Approach (Michael Spackman: National Economic Research Associates, 15 Stratford Place, London WIC 1BE, U) Purpose: The main purpose of this paper is the examination of the experience of Britain regarding public-private partnership (PPP). Two of the major aims of the papers are to describe the evolution of PPP in United Kingdom (UK) and the examination of the details of comparative costing of public and private financing (Spackman 2002). Method: In this paper, the author has analysed and evaluated different aspects of the topic like the evaluation of the PPP policy of Britain, Private Finance Initiative (PFI) mechanism, the rationale of private financing and others. Thus, the author has adopted thematic secondary analysis (Spackman 2002). Findings: The findings states that PFI approach is more cost beneficial when compared to conventionally financed procurement. Lack of clearness can be seen in the balance of advantage. There is a strong need for central structure for the promotion and implementation of PPP policies (Spackman 2002). Implications: The author has properly explained all the relevant themes related to PPP in order to get to the correct results. Critical Appraisal: In this paper, the author has adopted qualitative thematic analysis to get the results. In this process, the author has missed the quantitative analysis part of the research (Spackman 2002). It can be said that it would be possible to reach to mote specific results with the assistance of quantitative primary research method. Conclusion: The research results clearly show the evolution of PPP in Britain. At the same time, it helps in providing details on comparative costing of private and public financing. Relationship Management in the Management of PFI/PPP Projects in the UK (Hedley Smyth and Andrew Edkins: The Bartlett School of Graduate Studies, University College London, Gower Street, London WC1E 6BT, UK) Purpose: The main purpose of this paper is the examination of PPP management and PFI management related to the project relationship between the private parties. Thus, the objective of this paper is the exploration of the development of effective relationship between the members and contractors (Smyth and Edkins 2007). Method: The authors have conducted a survey for the collection of data concerned with the characteristics and components of trust the special purpose vehicles (SPV). For this process, the projects with 450 million of PFI and 120 million of PPP have been taken into consideration (Smyth and Edkins 2007). Findings: The findings indicate towards the scope of improvement in performance for the both short-term and long-term projects of PPP and PFI. According to the analysis, it can be seen that the private sector management of PPP is more reactive than the management of relationships. The findings of table 3 state that there is an effective relationship in project management (Smyth and Edkins 2007). Implications: The application of research method states that trust and confidence are two of the major factors for the measurement of the relationship conditions. Apart from this, this article has provided effective evaluation about the relationship management for PFI and PPP projects (Smyth and Edkins 2007). Critical Appraisal: As a part of critical appraisal, it can be observed that the authors have adopted effective methodologies that ended in fetching correct results to achieve the purpose f the research. Conclusion: Based on the above analysis, it can be concluded that the research process has been able to achieve the aim and objective of the paper. The Allocation of Risk in PPP/PFI Construction Projects in the UK (Li Bing, A. Akintoye and C. Hardcastle: School of the Built and Natural Environment, Glasgow Caledonian University, Scotland, UK P.J. Edwards: School of Property, Construction and Project Management, RMIT University, Melbourne, Australia) Purpose: The main purpose of this report is the identification of the allocation of preferred risks in various PPP and PFI projects in UK. Thus, the main aim of this report is the development of guidance for the clients of public sector for the preparation of risk allocation framework (Bing et al. 2005). Method: For this report, the authors have conducted an opinion survey with the help of postal questionnaire for the exploration of allocation of risk preferences in PPP and PFI construction projects of UK. The source of survey participants is the listing people and the participants having interest in PPP and PFI (Bing et al. 2005). Findings: From the analysis of table 6, it can be observed that there are five types of risks that should be retained in the public sector; they are nationalisation, poor political decision-making process, political opposition, site availability and government stability (Bing et al. 2005). The findings state that the majority of risks need to be allocated in the private sector. The findings of the survey states that there are there are three micro level risk factors; they are staff crisis, third party tort liability and different working methods (Bing et al. 2005). Implications: From the survey, it can be seen that the survey has been able to fulfil the objectives of the research project. Critical Appraisal: It can be seen that questionnaire survey has been able to explore the preferences in risk allocation. The research result helps in the identification of major risks need to be retained and this aspect shows the success of the research. Conclusion: From the above analysis, it can be concluded that there is a need for the retention of site availability and political risks by the PPP and PFI projects. Transaction Costs, Relational Contracting and Public Private Partnerships: A Case Study of UK Defence (David Parker: Centre for Innovation Research, Aston Business School, Aston University, Aston Triangle, Birmingham B4 7ET, UK Keith Hartley: Centre for Defence Economics, University of York, Heslington, York YO1 5DD, UK) Purpose: The main purpose of this paper is to analyse and evaluate different aspects related with the economies of PPP and PFI projects. Another main aim of this paper is to put focus on the role of transaction costs and the importance of trust in relational contracting (Parker and Hartley 2003). Method: In this paper, the authors have adopted the method of thematic analysis with the help of qualitative secondary data. It implies that authors have completed the research process based on some specific themes like rationale of PPP, theory of transaction costs and others (Parker and Hartley 2003). Findings: The findings of the paper state that the PPP policy initiatives need to be analysed and evaluated. From the results of the case study, it can be seen that there are some major potential transaction costs in the procurement of defence that leads to major PPP opportunities (Parker and Hartley 2003). Implications: The authors have selected the defence sector, as this sector has been a leading user of various PPP and PFI products. Critical Appraisal: It needs to be mentioned that there is a lack of quantitative analysis in this research paper. Most of the research processes have been conducted based on thematic analysis that may fail to fetch more appropriate results. Conclusion: As a concussion, it can be said that the analysis of the use of PPP is not always lead to economic success unless all the aspects are considered carefully. References Bing, L., Akintoye, A., Edwards, P.J. and Hardcastle, C., 2005. The allocation of risk in PPP/PFI construction projects in the UK.International Journal of project management,23(1), pp.25-35. Parker, D. and Hartley, K., 2003. Transaction costs, relational contracting and public private partnerships: a case study of UK defence.Journal of Purchasing and Supply Management,9(3), pp.97-108. Smyth, H. and Edkins, A., 2007. Relationship management in the management of PFI/PPP projects in the UK.International Journal of Project Management,25(3), pp.232-240. Spackman, M., 2002. Publicprivate partnerships: lessons from the British approach.Economic Systems,26(3), pp.283-301.