TY - JOUR
T1 - Understanding PPP Tendering Periods in Canada
T2 - A Duration Analysis
AU - Casady, Carter
AU - Flannery, Darragh
AU - Geddes, R. Richard
AU - Palcic, Dónal
AU - Reeves, Eoin
N1 - Publisher Copyright:
© 2019, © 2019 Taylor & Francis Group, LLC.
PY - 2019/11/2
Y1 - 2019/11/2
N2 - Public-private partnerships (PPPs) often require lengthy tendering periods that can deter bidders, reduce competition for contracts, and undermine the overall social benefits of PPP procurement. PPP tendering periods in Canada are notably shorter than in other countries with mature PPP markets such as those of the United Kingdom and Ireland. We explore Canadian PPP procurement by using data on 160 PPP projects. By using duration analysis, we find that higher PPP contract values and greater risk transfer are associated with longer tendering periods. In addition, we find significant variation in tendering periods across sectors. We support our analysis with a review of the extant literature on Canadian PPPs and interviews with PPP professionals. This identified other important factors such as securing necessary approvals before commencing procurement, creating specialized PPP procurement agencies, contract standardization, lower information and design requirements, avoidance of additional bid stages, and the use of substantial completion payments.
AB - Public-private partnerships (PPPs) often require lengthy tendering periods that can deter bidders, reduce competition for contracts, and undermine the overall social benefits of PPP procurement. PPP tendering periods in Canada are notably shorter than in other countries with mature PPP markets such as those of the United Kingdom and Ireland. We explore Canadian PPP procurement by using data on 160 PPP projects. By using duration analysis, we find that higher PPP contract values and greater risk transfer are associated with longer tendering periods. In addition, we find significant variation in tendering periods across sectors. We support our analysis with a review of the extant literature on Canadian PPPs and interviews with PPP professionals. This identified other important factors such as securing necessary approvals before commencing procurement, creating specialized PPP procurement agencies, contract standardization, lower information and design requirements, avoidance of additional bid stages, and the use of substantial completion payments.
KW - Canada
KW - duration analysis
KW - procurement
KW - public-private partnerships
KW - tendering periods
UR - http://www.scopus.com/inward/record.url?scp=85064667427&partnerID=8YFLogxK
U2 - 10.1080/15309576.2019.1597739
DO - 10.1080/15309576.2019.1597739
M3 - Article
AN - SCOPUS:85064667427
SN - 1530-9576
VL - 42
SP - 1259
EP - 1278
JO - Public Performance and Management Review
JF - Public Performance and Management Review
IS - 6
ER -