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Value For Money: Procuring Infrastructure
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Author(s): Adrian J. Bridge (School of Urban Development, Queensland University of Technology, Brisbane, Australia), Robert Lee Kong Tiong (School of Civil and Environmental Engineering, Nanyang Technological University, Singapore)and Shou Qing Wang (School of Civil Engineering, Tsinghua University, Beijing, China)
Copyright: 2010
Pages: 15
Source title:
Sustainable Urban and Regional Infrastructure Development: Technologies, Applications and Management
Source Author(s)/Editor(s): Tan Yigitcanlar (Queensland University of Technology, Australia)
DOI: 10.4018/978-1-61520-775-6.ch020
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Abstract
Australia is just one of many developed countries facing the challenge of delivering value for money in the provision of a substantial infrastructure pipeline amidst severe construction and private finance constraints. To help address this challenge, this chapter focuses on developing an understanding of the determinants of value at key procurement decision points that range from the make-or-buy decision, to buying in the context of market structures, including the exchange relationship and contractual arrangement decision. This understanding is based on theoretical pluralism and illustrated by research in the field of construction and maintenance, and in public-private partnerships.
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