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The effects of soft management on ex-post transaction costs in Dutch DBFM infrastructure projects

Enting, Jan-Romke (2020) The effects of soft management on ex-post transaction costs in Dutch DBFM infrastructure projects. Bachelor thesis.

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Abstract

Public-Private Partnerships are ever more considered for the public procurement of large infrastructure projects. Ex-post transaction costs can threaten the promise of Value for Money, which defines the advantage of a PPP over a conventional procurement. However the cause of these costs, unexpected events, cannot fully be accounted for by a contract. Recently there has been a shift of focus form the hard contractual side of management, to a softer more relational style of management. This paper examines to what extent this soft management influences the occurrence of ex-post transaction costs. A survey was held under managers active in Dutch infrastructure projects that made use of DBFM-contracts. Empirical research was done using non-parametric statistical tests. A significant relationship between ex-post transaction costs and soft management couldn’t be established. Involved parties acting with the best intentions are important in preventing conflicts. Trust seems to be the fundamental building block on which a successful PPP is build.

Item Type: Thesis (Bachelor)
Degree programme: Spatial Planning and Design
Supervisor: Verweij, S.
Date Deposited: 23 Jun 2021 15:57
Last Modified: 23 Jun 2021 15:57
URI: https://frw.studenttheses.ub.rug.nl/id/eprint/3487

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