|Table of Contents|

[1] Mohamed ChohraMu Shiyu, Cheng Hu,. Risks and new transformations of PPP contracts [J]. Journal of Southeast University (English Edition), 2011, 27 (4): 458-462. [doi:10.3969/j.issn.1003-7985.2011.04.022]
Copy

Risks and new transformations of PPP contracts()
PPP合同的风险及新的转移方式
Share:

Journal of Southeast University (English Edition)[ISSN:1003-7985/CN:32-1325/N]

Volumn:
27
Issue:
2011 4
Page:
458-462
Research Field:
Economy and Management
Publishing date:
2011-12-31

Info

Title:
Risks and new transformations of PPP contracts
PPP合同的风险及新的转移方式
Author(s):
Mohamed ChohraMu Shiyu Cheng Hu
School of Civil Engineering, Southeast University, Nanjing 210096, China
Mohamed Chohra 穆诗煜 成虎
东南大学土木工程学院, 南京 210096
Keywords:
public-private partnership(PPP) contract management risks allocation risk matrix
公私合作伙伴关系(PPP) 合同管理 风险分摊 风险矩阵
PACS:
F407.9
DOI:
10.3969/j.issn.1003-7985.2011.04.022
Abstract:
This paper tries to demonstrate that the principle of the risk allocation based on the balance is the most effective way to resolve the risk allocation problems of public-private partnership(PPP)contracts and presents suggestions how to carry out this principle. For PPP projects, it is necessary to set up a workable and commercially viable risk sharing mechanism to satisfy the different interests and the objectives of both the public sector and the private sector. An effective risk allocation mechanism is not only an important part in preparing project documents, but also an essential part in the success of PPP contracts. Risk allocation can be represented in a risk matrix. The more balanced the risk allocation is, the lower the risk degree of PPP contracts is. Therefore, the most effective risk allocation of PPP contracts is that the public sector and the private sector take part in risk management together in all the stages of the project and allocate the balanced risks. The outcomes of this paper can be used by both the public sector and the private sector to make a good choice of the PPP contract form.
本研究试图论证基于平衡的风险分担原则在解决公私合作伙伴关系(PPP)项目风险分担问题上是最有效的, 并提出实施该原则的建议.为了满足公共部门和私人部门的不同利益和目标, PPP项目应建立一个可行及有利可图的风险分担机制.一个有效的风险分担机制既是项目文件准备的重要部分, 也是PPP合同成功不可或缺的一部分.风险分担可用风险矩阵表示, 风险分担越平衡, PPP合同的风险等级越低.因此, PPP合同最有效的风险分担需要公共部门和私人部门在项目的各个阶段共同参与风险管理, 并平衡分担风险.该结论将有助于公共部门和私人合作伙伴更好地选择PPP项目的合同形式.

References:

[1] Serres F. Financial crisis and management of the large public contracts[C]//African Congress of Company Lawyers. Cotonous, Benin, 2010: 2-12.(in French)
[2] Cantier B, Linotte D. Shadow tolls: French law to the test concessions to shadow tolls [J]. The Legal News—Administrative Law, 2000, 56(11): 863-872.
[3] Marty F, Voisin A. The contracts of public-private partnerships in prison: the British experience [J]. Policy and Public Management, 2005, 23(2): 21-42.
[4] Tahir M. Risk management in public-private partnership contracts [J]. Public Organization Review, 2007, 7(1): 1-19.
[5] Marty F, Trosa S, Voisin A. The financial determinants of government commitment in public-private partnerships [J]. International Journal of Public Policy, 2005, 1(1/2): 41-57.
[6] Bounnafous A. Transport infrastructure and the financial logic of public-private partnership: some paradoxes [J]. French Journal of Economics, 2002, 17(1): 173-194.
[7] English L, Skellern M. Editorial of the special issue on the public-private partnerships [J]. International Journal of Public Policy, 2005, 1(1/2): 1-21.
[8] Froud J. The private finance initiative: risk, uncertainty and the state [J]. Accounting, Organizations and Society, 2003, 28(6): 582.
[9] Mayston D. Principals, agents and the economics of accountability in the new public sector [J]. Accounting, Auditing and Accountability Journal, 1993, 6(3):68-96.
[10] Hofmann B. Public procurement and PPP [J]. Real Estate Investments in Germany, 2007, 10(2): 229-250.

Memo

Memo:
Biographies: Mohamed Chohra(1973—), male, graduate; Cheng Hu(corresponding author), male, doctor, professor, pmri@seu.edu.cn.
Citation: Mohamed Chohra, Mu Shiyu, Cheng Hu.Risks and new transformations of PPP contracts [J].Journal of Southeast University(English Edition), 2011, 27(4):458-462.[doi:10.3969/j.issn.1003-7985.2011.04.022]
Last Update: 2011-12-20