Please use this identifier to cite or link to this item: https://hdl.handle.net/2440/109064
Citations
Scopus Web of ScienceĀ® Altmetric
?
?
Type: Journal article
Title: Critical uncertainty factors for efficient risk allocation in privately financed public infrastructure projects in Australia
Author: Jin, X.
Zuo, J.
Citation: The International Journal of Construction Management, 2011; 11(3):19-34
Publisher: Taylor & Francis
Issue Date: 2011
ISSN: 1562-3599
1562-3599
Statement of
Responsibility: 
Xiao-Hua Jin and Jian Zuo
Abstract: Risk allocation in privately financed public infrastructure projects, commonly referred to as public-private partnership (PPP) projects, is a challenging job due to the nature of incomplete contracting. Choosing a risk allocation strategy could be viewed as the process of deciding the proportion of risk management attributable to the public and private partners based on a series of characteristics of the risk management service transaction in question. These characteristics can be related to the various uncertainty factors. In this study, uncertainty factors have been grouped into Institutional, Social and industrial, Economic, and Project-specific categories and examined in order to achieve efficient risk allocation and minimize risk management-related costs in a long-term view. Critical uncertainty factors for the allocation of three major risks have been identified through an industry-wide survey in Australia. These identified critical uncertainty factors are expected to help decision-makers from both public and private sectors choose efficient allocation strategies for major risks. Future research directions are also set out.
Keywords: Uncertainty; risk allocation; public-private partnership; Australia
Rights: Rights managed by Taylor & Francis
DOI: 10.1080/15623599.2011.10773170
Appears in Collections:Architecture publications
Aurora harvest 8

Files in This Item:
File Description SizeFormat 
RA_hdl_109064.pdf
  Restricted Access
Restricted Access312.56 kBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.