2022
DOI: 10.1108/ecam-11-2021-1006
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Bargaining optimization model for risk renegotiation with fairness concerns in infrastructure PPP projects

Abstract: PurposeReasonable risk sharing is the key to the smooth implementation of infrastructure public-private partnership (PPP) projects and the optimization of benefit distribution among the participants. This study aims to explore the risk redistribution ratio between the government and the private sector under different degree of fairness concern.Design/methodology/approachRenegotiation is a mechanism to provide flexibility and make up for incompleteness of PPP contracts. However, the threshold value of risk redi… Show more

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Cited by 7 publications
(2 citation statements)
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“…The implementation of a construction project is a long-term process, and achieving procedural fairness can effectively ensure the long-term interests of project team members, promote project progress, process planning, resource allocation, and facilitate the resolution of process conflicts among project teams (Chen et al, 2022). Unfair procedures often lead to emotional exhaustion and negative behavior among team members, leading to negative emotions such as depression and hostility among teams (Song et al, 2018).…”
Section: International Journal Of Research Studies In Management 141mentioning
confidence: 99%
“…The implementation of a construction project is a long-term process, and achieving procedural fairness can effectively ensure the long-term interests of project team members, promote project progress, process planning, resource allocation, and facilitate the resolution of process conflicts among project teams (Chen et al, 2022). Unfair procedures often lead to emotional exhaustion and negative behavior among team members, leading to negative emotions such as depression and hostility among teams (Song et al, 2018).…”
Section: International Journal Of Research Studies In Management 141mentioning
confidence: 99%
“…Integrated project delivery (IPD), as a new delivery model, has been widely used, having the advantage of strong team integration compared with the traditional delivery model [2]. In the IPD model, there are seven stages in the construction project, logical identified as conceptualization, standards design, comprehensive design, execution documents, agency final buyout, construction, and finally, the closeout stage [1].The IPD model integrates various construction elements into a cooperation process, permeating throughout the entire lifecycle of the project [3] and reducing misunderstandings, redundant works, and disputes caused by insufficient collaboration awareness among the participants [4]. Furthermore, the IPD model emphasizes the early involvement of key participants, multi-party contracts, shared risk and reward, as well as the dissemination of information and transparency.…”
Section: Introductionmentioning
confidence: 99%