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(PDF) Comparing Risk Transfers under Different Procurement Arrangements | Emlyn Witt - Academia.edu
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At the other end of the same" /> <title>(PDF) Comparing Risk Transfers under Different Procurement Arrangements | Emlyn Witt - Academia.edu</title> <link rel="canonical" href="https://www.academia.edu/11736633/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements" /> <script async src="https://www.googletagmanager.com/gtag/js?id=G-5VKX33P2DS"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-5VKX33P2DS', { cookie_domain: 'academia.edu', send_page_view: false, }); gtag('event', 'page_view', { 'controller': "single_work", 'action': "show", 'controller_action': 'single_work#show', 'logged_in': 'false', 'edge': 'unknown', // Send nil if there is no A/B test bucket, in case some records get logged // with missing data - that way we can distinguish between the two cases. // ab_test_bucket should be of the form <ab_test_name>:<bucket> 'ab_test_bucket': null, }) </script> <script> var $controller_name = 'single_work'; var $action_name = "show"; var $rails_env = 'production'; var $app_rev = '9387f500ddcbb8d05c67bef28a2fe0334f1aafb8'; var $domain = 'academia.edu'; var $app_host = "academia.edu"; var $asset_host = "academia-assets.com"; var $start_time = new Date().getTime(); var $recaptcha_key = "6LdxlRMTAAAAADnu_zyLhLg0YF9uACwz78shpjJB"; var $recaptcha_invisible_key = "6Lf3KHUUAAAAACggoMpmGJdQDtiyrjVlvGJ6BbAj"; var $disableClientRecordHit = false; </script> <script> window.require = { config: function() { return function() {} } } </script> <script> window.Aedu = window.Aedu || {}; window.Aedu.hit_data = null; window.Aedu.serverRenderTime = new Date(1733022885000); window.Aedu.timeDifference = new Date().getTime() - 1733022885000; </script> <script type="application/ld+json">{"@context":"https://schema.org","@type":"ScholarlyArticle","abstract":"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...","author":[{"@context":"https://schema.org","@type":"Person","name":"Emlyn Witt"}],"contributor":[],"dateCreated":"2022-04-28","dateModified":"2022-04-28","datePublished":"2011-01-01","headline":"Comparing Risk Transfers under Different Procurement Arrangements","inLanguage":"en","keywords":["Business","Economics","Procurement","Risk Management","Public Private Partnership","Risk Transfer","Commercial Services"],"locationCreated":null,"publication":"International Journal of Strategic Property Management","publisher":{"@context":"https://schema.org","@type":"Organization","name":"Vilnius Gediminas Technical 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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...","publisher":"Vilnius Gediminas Technical University","publication_date":"2011,,","publication_name":"International Journal of Strategic Property Management"},"document_type":"paper","pre_hit_view_count_baseline":null,"quality":"high","language":"en","title":"Comparing Risk Transfers under Different Procurement Arrangements","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":85149897,"attachmentType":"pdf"}"><img alt="First page of “Comparing Risk Transfers under Different Procurement Arrangements”" class="ds-work-cover--cover-thumbnail" src="https://0.academia-photos.com/attachment_thumbnails/85149897/mini_magick20220428-11208-vsum1l.png?1651214295" /><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">Comparing Risk Transfers under Different Procurement Arrangements</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"><p class="ds-work-card--detail ds2-5-body-sm">2011, International Journal of Strategic Property Management</p><div class="ds-work-card--work-metadata"><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">visibility</span><p class="ds2-5-body-sm" id="work-metadata-view-count">…</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">description</span><p class="ds2-5-body-sm">16 pages</p></div><div class="ds-work-card--work-metadata__stat"><span class="material-symbols-outlined" style="font-size: 20px" translate="no">link</span><p class="ds2-5-body-sm">1 file</p></div></div><script>(async () => { const workId = 77924848; const worksViewsPath = "/v0/works/views?subdomain_param=api&work_ids%5B%5D=77924848"; const getWorkViews = async (workId) => { const response = await fetch(worksViewsPath); if (!response.ok) { throw new Error('Failed to load work views'); } const data = await response.json(); return data.views[workId]; }; // Get the view count for the work - we send this immediately rather than waiting for // the DOM to load, so it can be available as soon as possible (but without holding up // the backend or other resource requests, because it's a bit expensive and not critical). const viewCount = await getWorkViews(workId); const updateViewCount = (viewCount) => { const viewCountNumber = Number(viewCount); if (!viewCountNumber) { throw new Error('Failed to parse view count'); } const commaizedViewCount = viewCountNumber.toLocaleString(); const viewCountBody = document.getElementById('work-metadata-view-count'); if (viewCountBody) { viewCountBody.textContent = `${commaizedViewCount} views`; } else { throw new Error('Failed to find work views element'); } }; // If the DOM is still loading, wait for it to be ready before updating the view count. if (document.readyState === "loading") { document.addEventListener('DOMContentLoaded', () => { updateViewCount(viewCount); }); // Otherwise, just update it immediately. } else { updateViewCount(viewCount); } })();</script></div><p class="ds-work-card--work-abstract ds-work-card--detail ds2-5-body-md">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-work-card--button-container"><button class="ds2-5-button js-swp-download-button" data-signup-modal="{"location":"continue-reading-button--work-card","attachmentId":85149897,"attachmentType":"pdf","workUrl":"https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements"}">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":85149897,"attachmentType":"pdf","workUrl":"https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements"}"><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="85149897" data-landing_url="https://www.academia.edu/77924848/Comparing_Risk_Transfers_under_Different_Procurement_Arrangements" 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="18061179" 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/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN">PROCUREMENT ARRANGEMENTS AND RISK TRANSFER IN</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><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":"PROCUREMENT ARRANGEMENTS AND RISK TRANSFER IN","attachmentId":39854930,"attachmentType":"pdf","work_url":"https://www.academia.edu/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN","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/18061179/PROCUREMENT_ARRANGEMENTS_AND_RISK_TRANSFER_IN"><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="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. 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href="https://www.academia.edu/74165882/Risk_Mapping_in_Public_Private_Partnership_Projects">Risk Mapping in Public Private Partnership 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--abstract ds2-5-body-sm">The vast majority of Public Private Partnership (PPP) are developed based on the rationale that the public authority commissions the design, construction, operation, maintenance, and financing of a public infrastructure project from a private consortium within a single contractual framework. PPP project risks typically include the development and construction of a new asset as well as its operation for several decades. Probably the most serious consequences of risks during the construction period are cost and time overruns. These events are among the most widely used scenarios in value for money analysis risks. The sources of risk change over the life cycle of a PPP project. Construction and development risks in infrastructure projects are, in some cases, very significant. Projects that are related to IT, rehabilitation/refurbishments and complex agencies&#39; interaction are thought to carry more substantial risks than other assets. Work by Standard & Poor&#39;s has classified PPP ...</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 Mapping in Public Private Partnership Projects","attachmentId":83666530,"attachmentType":"pdf","work_url":"https://www.academia.edu/74165882/Risk_Mapping_in_Public_Private_Partnership_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/74165882/Risk_Mapping_in_Public_Private_Partnership_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="8" data-entity-id="1057764" 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/1057764/Evaluating_the_risks_of_public_private_partnerships_for_infrastructure_projects">Evaluating the risks of public private partnerships for 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="901083" href="https://independent.academia.edu/MedgatOlzhayev">Medgat Olzhayev</a></div><p class="ds-related-work--metadata ds2-5-body-xs">International Journal of Project Management, 2002</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":"Evaluating the risks of public private partnerships for infrastructure projects","attachmentId":6471665,"attachmentType":"pdf","work_url":"https://www.academia.edu/1057764/Evaluating_the_risks_of_public_private_partnerships_for_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/1057764/Evaluating_the_risks_of_public_private_partnerships_for_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="97131965" 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/97131965/A_Comparative_Study_on_Risk_Allocation_for_Different_Procurement_Type_in_Malaysian_Industry">A Comparative Study on Risk Allocation for Different Procurement Type in Malaysian Industry</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="9939373" href="https://perak.academia.edu/MuhammadRedzaRosman">Muhammad Redza Rosman</a></div><p class="ds-related-work--metadata ds2-5-body-xs">IOP Conference Series: Earth and Environmental Science, 2022</p><p class="ds-related-work--abstract ds2-5-body-sm">Risk allocation is one of the important aspects in risk management. However, there is a tendency that risks in construction are being allocated to parties that are least able to resist taking on the risk rather than parties that are more capable to manage the risks. There are different types of procurement that led to different approaches in settling risk allocation between contracting parties. This paper aims to identify risk allocation for different procurement types in construction projects focusing on traditional, design-build and public-private partnership procurement. For this research, a quantitative method was used, where 354 sets of questionnaires were distributed to selected construction firms in Klang Valley. Ninety-two (92) sets of questionnaires were returned and analyzed and the respondents were asked to rate the probability of risk occurrence. The result indicated that the top ranked risk factors are ‘unstable government’, ‘delay in project approvals and permits’, ‘fluctuation of material cost’, ‘poorly written contract’ and ‘inadequate specification in contract’. The recommended risk allocation by respondent for each procurement is presented and found that client and contractor in Traditional procurement, the risks are allocate based on its nature of work. In Design-build, risk factors are mainly allocated to contractor. While in PPP, both contracting parties prefer the majority of the risk factors to be shared. The results of this research will assist practitioners in allocating risks to the party that most qualified to analyze, control, and manage these risks.</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":"A Comparative Study on Risk Allocation for Different Procurement Type in Malaysian Industry","attachmentId":98888004,"attachmentType":"pdf","work_url":"https://www.academia.edu/97131965/A_Comparative_Study_on_Risk_Allocation_for_Different_Procurement_Type_in_Malaysian_Industry","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/97131965/A_Comparative_Study_on_Risk_Allocation_for_Different_Procurement_Type_in_Malaysian_Industry"><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":85149897,"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":85149897,"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_85149897" 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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