Loading...

Investigating the Status of Contractual Risk Sharing in Iran’s Standard-form Contract of Public-private Partnership

Hosseini, Mohammad Taghi | 2018

443 Viewed
  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 50990 (09)
  4. University: Sharif University of Technology
  5. Department: Civil Engineering
  6. Advisor(s): Alvanchi, Amin
  7. Abstract:
  8. Many public projects in Iran are being developed with the participation of the private sector. Complaints, however, have arisen in both the public and the private sectors in many public-private-partnership (PPP) projects. It is claimed that the current PPP standard-form contract is unable to properly handle project risks. This investigation was set to improve risk responses in the PPP standard-form contract in the country. A comprehensive list of 66 universal PPP project risks was prepared by review of various related international research efforts. The list was refined to 36 risk items for the country in consultation with PPP project experts and assessing two PPP cases. These risks were prioritized in a questionnaire-based survey and contractual responses to the nine top-ranked risks were assessed. The inability of the private sector in project financing was identified as the most critical risk. Among nine top-ranked risks, only contractual risk responses for the two were found appropriate. Updates were recommended for other seven risks to the contract through the experts’ consensus. In this research, a novel approach was pursued to substantially improve PPP projects in the country with minimal updates applied to the standard contract
  9. Keywords:
  10. Public-Private-Partnership (PPP) ; Risk Responsibility ; Risk Prioritization ; Uniform Contract

 Digital Object List

 Bookmark

No TOC