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The other end of the same continuum of procurement routes is populated by less integrated arrangements with more input-based pricing (commonly referred to as 'traditional' procurement). Risk transfer from the client to the contractor would be expected to increase with greater integration and more output-based pricing. The greater risk transfer to the contractor, the more incentive the contractor has to deliver the project or project element efficiently. This paper proposes indicators of risk transfer and delivery efficiency for historical construction projects. These indicators are then utilized in deriving a model to represent the relationships (as expounded in the literature) between risk, efficiency and procurement route attributes. The model's validity is then tested with empirical data from the Estonian construction industry.","grobid_abstract_attachment_id":"39854930"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"PROCUREMENT ARRANGEMENTS AND RISK TRANSFER IN","broadcastable":true,"draft":null,"has_indexable_attachment":true,"indexable":true}}["work"]; window.loswp.workCoauthors = [28913268]; window.loswp.locale = "en"; window.loswp.countryCode = "SG"; window.loswp.cwvAbTestBucket = ""; window.loswp.designVariant = "ds_vanilla"; window.loswp.fullPageMobileSutdModalVariant = "full_page_mobile_sutd_modal"; window.loswp.useOptimizedScribd4genScript = false; window.loswp.appleClientId = 'edu.academia.applesignon';</script><script defer="" src="https://accounts.google.com/gsi/client"></script><div class="ds-loswp-container"><div class="ds-work-card--grid-container"><div class="ds-work-card--container js-loswp-work-card"><div class="ds-work-card--cover"><div class="ds-work-cover--wrapper"><div class="ds-work-cover--container"><button class="ds-work-cover--clickable js-swp-download-button" data-signup-modal="{"location":"swp-splash-paper-cover","attachmentId":39854930,"attachmentType":"pdf"}"><img alt="First page of “PROCUREMENT ARRANGEMENTS AND RISK TRANSFER IN”" class="ds-work-cover--cover-thumbnail" src="https://0.academia-photos.com/attachment_thumbnails/39854930/mini_magick20190222-12668-1ex793k.png?1550846058" /><img alt="PDF Icon" class="ds-work-cover--file-icon" src="//a.academia-assets.com/assets/single_work_splash/adobe.icon-574afd46eb6b03a77a153a647fb47e30546f9215c0ee6a25df597a779717f9ef.svg" /><div class="ds-work-cover--hover-container"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span><p>Download Free PDF</p></div><div class="ds-work-cover--ribbon-container">Download Free PDF</div><div class="ds-work-cover--ribbon-triangle"></div></button></div></div></div><div class="ds-work-card--work-information"><h1 class="ds-work-card--work-title">PROCUREMENT ARRANGEMENTS AND RISK TRANSFER IN</h1><div class="ds-work-card--work-authors ds-work-card--detail"><a class="ds-work-card--author js-wsj-grid-card-author ds2-5-body-md ds2-5-body-link" data-author-id="28913268" href="https://ttu-ee.academia.edu/EmlynWitt"><img alt="Profile image of Emlyn Witt" class="ds-work-card--author-avatar" src="//a.academia-assets.com/images/s65_no_pic.png" />Emlyn Witt</a></div><div class="ds-work-card--detail"></div><div class="ds-work-card--button-container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--work-card","attachmentId":39854930,"attachmentType":"pdf","workUrl":"https://www.academia.edu/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN"}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{"location":"download-pdf-button--work-card","attachmentId":39854930,"attachmentType":"pdf","workUrl":"https://www.academia.edu/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN"}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div></div><div data-auto_select="false" data-client_id="331998490334-rsn3chp12mbkiqhl6e7lu2q0mlbu0f1b" data-doc_id="39854930" data-landing_url="https://www.academia.edu/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN" data-login_uri="https://www.academia.edu/registrations/google_one_tap" data-moment_callback="onGoogleOneTapEvent" id="g_id_onload"></div><div class="ds-top-related-works--grid-container"><div class="ds-related-content--container ds-top-related-works--container"><h2 class="ds-related-content--heading">Related papers</h2><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="0" data-entity-id="77924848" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements">Comparing Risk Transfers under Different Procurement Arrangements</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="28913268" href="https://ttu-ee.academia.edu/EmlynWitt">Emlyn Witt</a></div><p class="ds-related-work--metadata ds2-5-body-xs">International Journal of Strategic Property Management, 2011</p><p class="ds-related-work--abstract ds2-5-body-sm">Public Private Partnerships (PPPs) may be considered to represent a range of procurement routes characterized by the integration of many project elements into a single contract with an output-based pricing mechanism. At the other end of the same continuum of procurement routes are less integrated arrangements with more input-based pricing (‘traditional’ procurement). Risk transfer from the client to the contractor should vary with procurement route attribute values: with greater integration and more output-based pricing an increase in risk transfer would be expected. The more risk transferred to the contractor, the greater the incentive for the contractor to deliver the project efficiently. The paper proposes indicators of risk transfer and delivery efficiency which are then used in modeling the relationships between risk transfer, efficiency and procurement route attributes. The proposed model enables the mi croeconomic assumptions which underlie PPPs to be tested with data from hi...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Comparing Risk Transfers under Different Procurement Arrangements","attachmentId":85149897,"attachmentType":"pdf","work_url":"https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="1" data-entity-id="1453657" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/1453657/The_impact_of_procurement_options_on_risk_management_in_Swedish_construction_projects">The impact of procurement options on risk management in Swedish construction projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="665775" href="https://ltu-se.academia.edu/ekaterina_osipova">Ekaterina Osipova</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2008</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"The impact of procurement options on risk management in Swedish construction projects","attachmentId":11258335,"attachmentType":"pdf","work_url":"https://www.academia.edu/1453657/The_impact_of_procurement_options_on_risk_management_in_Swedish_construction_projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/1453657/The_impact_of_procurement_options_on_risk_management_in_Swedish_construction_projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="2" data-entity-id="74165950" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/74165950/Impact_of_Endogenous_Risk_Factors_on_Risk_Cost_in_KSA_PPP_Projects">Impact of Endogenous Risk Factors on Risk Cost in KSA PPP Projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="2644330" href="https://liverpool.academia.edu/SalehAlzahrani">Saleh Alzahrani</a></div><p class="ds-related-work--metadata ds2-5-body-xs">World Academy of Science, Engineering and Technology, International Journal of Civil and Environmental Engineering, 2015</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Impact of Endogenous Risk Factors on Risk Cost in KSA PPP 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href="https://www.academia.edu/47573444/Analysis_of_the_Optimal_Sharing_of_Construction_Risk_in_Public_Procurement_Contracts">Analysis of the Optimal Sharing of Construction Risk in Public Procurement Contracts</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="156647941" href="https://upm-es.academia.edu/ANTONIOS%C3%81NCHEZSOLI%C3%91O">ANTONIO SÁNCHEZ SOLIÑO</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Revista de la construcción, 2014</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Analysis of the Optimal Sharing of Construction Risk in Public Procurement Contracts","attachmentId":66597163,"attachmentType":"pdf","work_url":"https://www.academia.edu/47573444/Analysis_of_the_Optimal_Sharing_of_Construction_Risk_in_Public_Procurement_Contracts","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/47573444/Analysis_of_the_Optimal_Sharing_of_Construction_Risk_in_Public_Procurement_Contracts"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="4" data-entity-id="1867135" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/1867135/Private_Sectors_Perception_of_the_Risk_Allocation_In_Public_Private_Partnership_PPP_Arrangement">Private Sector's Perception of the Risk Allocation In Public-Private Partnership (PPP) Arrangement</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="2329790" href="https://utar.academia.edu/SiewSoonLau">Siew Soon Lau</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2012</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Private Sector's Perception of the Risk Allocation In Public-Private Partnership (PPP) Arrangement","attachmentId":26266440,"attachmentType":"pdf","work_url":"https://www.academia.edu/1867135/Private_Sectors_Perception_of_the_Risk_Allocation_In_Public_Private_Partnership_PPP_Arrangement","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/1867135/Private_Sectors_Perception_of_the_Risk_Allocation_In_Public_Private_Partnership_PPP_Arrangement"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="5" data-entity-id="72946245" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/72946245/Bidding_for_public_private_partnerships_and_the_implications_for_design_and_construct_contractors">Bidding for public-private partnerships and the implications for design and construct contractors</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="48426474" href="https://newcastleuni.academia.edu/MarcusJefferies">Marcus Jefferies</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2008</p><p class="ds-related-work--abstract ds2-5-body-sm">The term Design and Construct (D&C) is a well-established description of a procurement method in which the roles and responsibilities of the various stakeholders are clearly defined. The advent of Public Private Partnerships (PPPs) bring a new opportunity for D&C contractors with the concomitant challenge associated with bidding as a member of a private sector consortium with numerous stakeholders. The work described in this paper is based on an ongoing research project that is investigating the costs and the allocation of risks during the bidding process for PPPs. The implications for D&C contractors bidding for social infrastructure PPP projects are explored. The conventional wisdom has been to assume that there is little difference between bidding for a conventional D&C contract as compared with submitting a D&C bid as part of a wider PPP bid. However, the results of our research indicate that there are both subtle and significant differences.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Bidding for public-private partnerships and the implications for design and construct contractors","attachmentId":81666221,"attachmentType":"pdf","work_url":"https://www.academia.edu/72946245/Bidding_for_public_private_partnerships_and_the_implications_for_design_and_construct_contractors","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/72946245/Bidding_for_public_private_partnerships_and_the_implications_for_design_and_construct_contractors"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="6" data-entity-id="107230745" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/107230745/Construction_procurement_and_profit_an_analysis_of_the_relationship_from_a_contractors_perspective">Construction procurement and profit: an analysis of the relationship from a contractor's perspective</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="280547684" href="https://independent.academia.edu/SaulHumphrey">Saul Humphrey</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2005</p><p class="ds-related-work--abstract ds2-5-body-sm">At the time of writing this thesis, the construction industry related media&#39;s attention was dominated by the issues of alternative procurement systems and the ability to profit from such variances. In the last decade Sir Michael Latham and Sir John Egan&#39;s reports have contributed to a fundamental shift in the manner in which construction is procured. The risk: reward ratio is much talked about, but little has been reported academically to accurately quantify this relationship from a contractors perspective. Hence, the inspiration for this study stemmed from these factors, but rather than consider them in isolation, this thesis analyses the relationship between the mode of procurement and the contractor&#39;s profitability variance associated therewith. To facilitate the investigation a literature review, questionnaire/survey and statistical analysis of anonymous subject companies&#39; data significantly proves that procurement and profit are related in the construction indus...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Construction procurement and profit: an analysis of the relationship from a contractor's perspective","attachmentId":105958886,"attachmentType":"pdf","work_url":"https://www.academia.edu/107230745/Construction_procurement_and_profit_an_analysis_of_the_relationship_from_a_contractors_perspective","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/107230745/Construction_procurement_and_profit_an_analysis_of_the_relationship_from_a_contractors_perspective"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="7" data-entity-id="54930345" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/54930345/Risk_Transferin_Public_Private_Partnership_Private_Finance_Initiative_Procurement_Documents_The_Differencebetween_The_United_Kingdom_and_Malaysia">Risk Transferin Public Private Partnership/Private Finance Initiative Procurement Documents:The Differencebetween The United Kingdom and Malaysia</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="108684588" href="https://uitm.academia.edu/AbdullahNooriha">Nooriha Abdullah</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Journal of Emerging Economies and Islamic Research</p><p class="ds-related-work--abstract ds2-5-body-sm">The aim of this paper is to analyse the risk transfer issue in Public Private Partnership/Private Finance Initiative (PPP/PFI) procurement documents in the United Kingdom (UK) and Malaysia. It utilises qualitative research methods using documentation and interviews for data collection. The UK documents (guidelines and contracts) identify the risks related to this form of public procurement of services and makeexplicittheappropriateallocation of those risks between the public and the private sector PPP/PFI partners and so the types of risks each party should bear. However, in Malaysia, such allocation of risks was not mentioned in PPP/PFI guidelines. Hence, a question arises regarding whether risk transfer exists in Malaysian PPP/PFI projects, whether in contracts or by other means. This research question is the rationale for the comparative analysis ofdocumentsand practicesrelatingtorisk transfer in the PPP/PFI procurements in both countries. The results clarify risk-related issues ...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Risk Transferin Public Private Partnership/Private Finance Initiative Procurement Documents:The Differencebetween The United Kingdom and Malaysia","attachmentId":71050908,"attachmentType":"pdf","work_url":"https://www.academia.edu/54930345/Risk_Transferin_Public_Private_Partnership_Private_Finance_Initiative_Procurement_Documents_The_Differencebetween_The_United_Kingdom_and_Malaysia","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/54930345/Risk_Transferin_Public_Private_Partnership_Private_Finance_Initiative_Procurement_Documents_The_Differencebetween_The_United_Kingdom_and_Malaysia"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="8" data-entity-id="124663230" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/124663230/Identification_of_Various_Execution_Modes_and_Their_Respective_Risks_for_Public_Private_Partnership_PPP_Infrastructure_Projects">Identification of Various Execution Modes and Their Respective Risks for Public–Private Partnership (PPP) Infrastructure Projects</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="319479021" href="https://independent.academia.edu/UllahSanna">Sanna Ullah</a></div><p class="ds-related-work--metadata ds2-5-body-xs">Buildings</p><p class="ds-related-work--abstract ds2-5-body-sm">The public–private partnership (PPP) based model for the execution of infrastructure projects originated from Anglo-Saxon countries and was initially used in 1977 by the United Kingdom (U.K). Since then, its popularity has increased worldwide. Earlier studies by researchers and many other professional sectors and departments have introduced PPP contracts into different execution modes like Build, Operate, and Transfer (BOT); Build, Own, Operate, and Transfer (BOOT); and Build, Lease, and Transfer (BLT), etc. All definitions of PPP contracts are different but have a few common characteristics and risks. Previously, numerous pieces of literature were available on these common risks for various execution modes of PPP contracts. However, each PPP mode still has unique risks that must be identified to understand and successfully implement the PPP projects properly. This paper fills the gap mentioned above and aims to identify various commonly used PPP execution modes in infrastructure pr...</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Identification of Various Execution Modes and Their Respective Risks for Public–Private Partnership (PPP) Infrastructure Projects","attachmentId":118847665,"attachmentType":"pdf","work_url":"https://www.academia.edu/124663230/Identification_of_Various_Execution_Modes_and_Their_Respective_Risks_for_Public_Private_Partnership_PPP_Infrastructure_Projects","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/124663230/Identification_of_Various_Execution_Modes_and_Their_Respective_Risks_for_Public_Private_Partnership_PPP_Infrastructure_Projects"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div><div class="ds-related-work--container js-wsj-grid-card" data-collection-position="9" data-entity-id="64554204" data-sort-order="default"><a class="ds-related-work--title js-wsj-grid-card-title ds2-5-body-md ds2-5-body-link" href="https://www.academia.edu/64554204/Construction_Sector_Risk_Considerations_on_PPP_Projects_in_Greece_docx">Construction Sector Risk Considerations on PPP Projects in Greece.docx</a><div class="ds-related-work--metadata"><a class="js-wsj-grid-card-author ds2-5-body-sm ds2-5-body-link" data-author-id="30084282" href="https://independent.academia.edu/AthenaRoumboutsos">Athena Roumboutsos</a></div><p class="ds-related-work--metadata ds2-5-body-xs">2019</p><p class="ds-related-work--abstract ds2-5-body-sm">In Greece, as in other PPP markets, risk allocation is foreseen to become a key issue in the development of Public-Private Partnerships. The attitudes, beliefs, values and expectations of stakeholders, both private and public, have an impact on risk considerations. The present paper explores and registers the risk considerations of the Greek construction companies considering their involvement in Greek PPP infrastructure projects. The investigation was conducted through a questionnaire survey. The research findings reinforce the results of other surveys carried out on the subject and should enable public sector clients to establish a more efficient framework for risk allocation, thus reducing negotiations prior to contract award.</p><div class="ds-related-work--ctas"><button class="ds2-5-text-link ds2-5-text-link--inline js-swp-download-button" data-signup-modal="{"location":"wsj-grid-card-download-pdf-modal","work_title":"Construction Sector Risk Considerations on PPP Projects in Greece.docx","attachmentId":76537566,"attachmentType":"pdf","work_url":"https://www.academia.edu/64554204/Construction_Sector_Risk_Considerations_on_PPP_Projects_in_Greece_docx","alternativeTracking":true}"><span class="material-symbols-outlined" style="font-size: 18px" translate="no">download</span><span class="ds2-5-text-link__content">Download free PDF</span></button><a class="ds2-5-text-link ds2-5-text-link--inline js-wsj-grid-card-view-pdf" href="https://www.academia.edu/64554204/Construction_Sector_Risk_Considerations_on_PPP_Projects_in_Greece_docx"><span class="ds2-5-text-link__content">View PDF</span><span class="material-symbols-outlined" style="font-size: 18px" translate="no">chevron_right</span></a></div></div></div></div><div class="ds-sticky-ctas--wrapper js-loswp-sticky-ctas hidden"><div class="ds-sticky-ctas--grid-container"><div class="ds-sticky-ctas--container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--sticky-ctas","attachmentId":39854930,"attachmentType":"pdf","workUrl":null}">See full PDF</button><button class="ds2-5-button ds2-5-button--secondary js-swp-download-button" data-signup-modal="{"location":"download-pdf-button--sticky-ctas","attachmentId":39854930,"attachmentType":"pdf","workUrl":null}"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">download</span>Download PDF</button></div></div></div><div class="ds-below-fold--grid-container"><div class="ds-work--container js-loswp-embedded-document"><div class="attachment_preview" data-attachment="Attachment_39854930" style="display: none"><div class="js-scribd-document-container"><div class="scribd--document-loading js-scribd-document-loader" style="display: block;"><img alt="Loading..." src="//a.academia-assets.com/images/loaders/paper-load.gif" /><p>Loading Preview</p></div></div><div style="text-align: center;"><div class="scribd--no-preview-alert js-preview-unavailable"><p>Sorry, preview is currently unavailable. 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