Assessing the Performance Advantage of Public-Private Partnerships

Download or read book Assessing the Performance Advantage of Public-Private Partnerships written by Stefan Verweij and published by Edward Elgar Publishing. This book was released on 2022-11-28 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book questions the premise that Public-Private Partnerships (PPPs) have a performance advantage over traditionally procured projects, an assumption that motivates policymakers worldwide to enter into such contracts. Taking stock of novel research comparing the differences in performance between PPP and traditionally procured infrastructure projects and services, the chapters in this book thoughtfully scrutinise this supposed advantage. Adopting a quasi-experimental design, the book advances the evidence base on the performance advantage of PPPs. Insightful contributions from renowned scholars undertake an in-depth investigation of three key performance dimensions: cost, time, and service quality. Broad in scope, studies span countries in Asia, Europe, and South America, as well as a diverse range of policy sectors, including transport, healthcare, road safety, education, and sporting facilities. This comprehensive assessment produces several conclusions, but ultimately determines that evidence for a cost performance advantage remains mixed, while PPPs are proven to clearly outperform traditional alternatives in terms of time and service quality. Empirical in focus and spanning multiple policy sectors, this incisive book will be an invaluable resource not only for PPP scholars, but also for researchers and practitioners involved in public administration, public management and policy, and infrastructure planning and delivery worldwide.