Roetenberg, Luc (2022) Public-Private Partnerships in infrastructure projects: The incentives and barriers to innovation. Bachelor thesis.
|
Text
Bachelor Thesis S3675777 - Final Version.pdf Download (1MB) | Preview |
Abstract
Public-Private Partnerships (PPPs) are frequently associated with better performances regarding time, costs, and quality. However, it is not always clear if innovation is stimulated or hampered by PPPs. Existing literature shows the need for further empirical research on this. This research adds to the literature by focussing on how innovation is perceived by the adopter: the construction industry. Two contract forms that are commonly used for infrastructure projects in The Netherlands are compared: DBFM and D&C. The aim is to investigate the incentives and barriers for innovation between these two contract forms. Data is collected from semi-structured interviews and secondary data sources. Three aspects that can have an effect on innovation are distinguished and analysed. These are Risk allocation, payment method, and flexibility. The main findings show that it appears that the ‘freedom’ to innovate is relatively equal between DBFM and D&C, but that DBFM provides more incentives compared to D&C. The main incentive in DBFM is the availability-dependent payment in combination with long contractual time periods. Although incentives are more prevalent in DBFM, the application of innovations are mostly incremental due to the high risk profile. Therefore, experimental innovations are more applicable in D&C’s. In general, a recurring theme is that it is very important for the private partner to have a return on investment from innovations. For this, award criteria within public procurement is one of the main incentives whether contractors take on innovations or not.
| Item Type: | Thesis (Bachelor) |
|---|---|
| Degree programme: | Spatial Planning and Design |
| Supervisor: | Verweij, S. |
| Date Deposited: | 13 Jul 2022 07:29 |
| Last Modified: | 13 Jul 2022 07:29 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3872 |
Actions (login required)
 |
View Item |