Concession period of public private partnership projects: industry–academia gap analysis

Ullah, Fahim ORCID: https://orcid.org/0000-0002-6221-1175 and Thaheem, Muhammad Jamaluddin (2018) Concession period of public private partnership projects: industry–academia gap analysis. International Journal of Construction Management, 18 (5). pp. 418-429. ISSN 1562-3599


Abstract

With increasing global adoption, various critical aspects of public–private partnership (PPP) concessions are highlighted. One such aspect is the way academia and industry perceive and weigh different critical success factors (CSFs) of PPP concession. Due to difference of perception, considerable temporal as well as opinion gap exists between the two knowledge streams, leading to improper resource allocation and inadequate decision-making. This study identifies CSFs and quantifies the gap between the two streams using a detailed methodology of identifying CSFs from extensive literature review published during period 2005–2015, and ranking those CSFs separately through questionnaire surveys from 60 industrial and 56 academic experts having thorough experience of various types of PPP. Based upon responses, 8–9 years’ gap between both streams is found. For 18% CSFs, opinion difference is greater than 50% pointing to a weaker collaboration. Decision-makers can understand the gap between both streams and develop policy framework for their collaboration. Better resource management can be ensured leading to improved chances of project success. Academia can expand upon the identified CSFs and explore their interactions on individual and cumulative levels. This will bridge gap and induce the ever desired mutualism between the two streams.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: No Faculty
Faculty/School / Institute/Centre: No Faculty
Date Deposited: 03 Aug 2021 01:58
Last Modified: 01 Sep 2021 00:28
Uncontrolled Keywords: Public–private partnership; concession period; critical success factors; knowledge gap; industry–academia linkages
Fields of Research (2008): 12 Built Environment and Design > 1299 Other Built Environment and Design > 129999 Built Environment and Design not elsewhere classified
Fields of Research (2020): 33 BUILT ENVIRONMENT AND DESIGN > 3399 Other built environment and design > 339999 Other built environment and design not elsewhere classified
Identification Number or DOI: https://doi.org/10.1080/15623599.2017.1333400
URI: http://eprints.usq.edu.au/id/eprint/42609

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