Article by Jianfeng Zhao, David Greenwood, Niraj Thurairajah, Henry J. Liu, and Richard Haigh.
Value for Money (VFM) assessment has become a major component of the PPP procurement process in both mature and emerging economies (e.g., UK, Australia and South Africa). Notwithstanding it’s widespread application, VFM assessment is much criticised in the PPP literature. This paper aims to address these criticisms of VFM assessment and advance a holistic and pragmatic VFM framework to assist informed government decisions.
Related Articles
November 2024
Public Reaction to Public-Private Partnerships (PPPs): Citizen Assessments of Four Different Types of PPPs and Policy Support
October 2024
Governmental Support Strategies and Their Effects on Private Capital Engagement in Public-Private Partnerships
September 2024
What Do Ministers and Their Advisors Say to the Critics of Public-Private Partnerships? Results From a Mixed-Methods Study
August 2024
Stakeholder Dynamics: Rethinking Roles and Responsibilities in User-Pay Transport PPP Projects
July 2024
Cost-Saving or Cream-Skimming? Partner Ownership and the Project Returns of Public-Private Partnerships in China
June 2024
The Governance of Affordable Housing Through Public-Private Partnerships: Critical Entanglements