Kamu Özel Sektör İşbirliği ile Yapılan Projelerdeki Kritik Başarı Faktörlerinin Çeşitleme İle İncelenmesi: Türkiye Perspektifi

Abstract

Long-term debt financing opportunities 0.883 Factor 10. Stable macroeconomic environment Strong economic policies 0.888 Table A. The most important critical success factors for each main factorPurpose:The purpose of this study is the identification of the critical success factors for the PPP projects performed in Turkey. Theory and Methods:This study is conducted by following a triangulation method. According to the triangulation method, two or more resources should be used to collect data about a subject, therefore the validation of the performed study can be satisfied. A triangulation of literature review, semi-structured interviews and empirical questionnaire survey was used in this study. At the first step, by conducting a literature review, the CSFs stated in the literature can be provided, however these CSFs are not specific to the PPP projects performed in Turkey. At the end of this stage, 44 CSFs are identified. In addition, to determine the specific CSFs to the Turkish market, the studies performed for Turkey are also investigated. These CSFs are discussed with the three experts by conducting semi-structural interviews. Finally, 10 more CSFs specific to the Turkish market are added to the final list of CSFs. The final list is used to prepare a questionnaire, and this questionnaire is used to collect data about the importance of CSFs for the Turkish market. A total of 89 valid data is collected at the end of the questionnaire survey. This data is analyzed by conducting a factor analysis. Results:The factor analysis shows that there are ten factors for the PPP projects performed in Turkey. Conclusion:The results of this study show that the uncertainties in PPP projects can lead to the failure of these projects, therefore the uncertainties exist in PPP projects should be minimized performing robust technical feasibility studies. In addition, a central institution can be very beneficial to provide coordination between the governmental agencies and standardize the processes performed in PPP projects. Finally, the definition of PPP concept should be made very carefully, therefore the partnership between the public and private sector can be provided.Public Private Partnership (PPP) is a project delivery system is preferred by the countries that do not have sufficient infrastructure and financial resources to complete necessary infrastructure investments. This project delivery system has become a very popular method in Turkey in recent years. This method has advantages compared to other project delivery systems, however, there are also arguments against this system in the literature. Moreover, due to the complexity of the system compared to the traditional delivery systems, more critical factors affecting the success of these projects are requıred to be pondered. Therefore, the identification of the critical success factor (CSF)'s in PPP projects is very important in order to exploit the public resources effectively. Although there are numerous researches about this subject, these researches are performed by con...

Identification and prioritization of stage-level KPIs for BOT projects – evidence from Turkey

“…Due to the complexity of the BOT projects, a comprehensive technical feasibility study should be conducted. Otherwise, project delays, cost overruns and high maintenance and operation costs will become inevitable (Budayan, 2018). Moreover, comprehensive technical feasibility can enhance the internal value of the facility and prolong the facility's operation period (Zhang, 2006).…”

“…Consequently, the capability of the public sector in the evaluation of the bidders in terms of their technical knowledge and capability should be evaluated in this stage for performance measurement. Besides, a competitive tender procedure is an essential part of a PPP process to enhance value for money (Emek, 2015) because the bargaining power of the public can increase with an increasing number of bidders (Budayan, 2018). Especially in PPP markets, this is crucial because there is a small number of potential bidders that have sufficient technical and financial capabilities for conducting a megaproject.…”

Determination of the Critical Success Criteria for Public-Private Partnership (PPP) Projects in Turkey

“…Kusljic and Marenjak [45] also called one of the identified factors as project delivery in their study. Due to the complexity of PPP projects, these projects can confront many problems, such as project delays, cost overruns, and high maintenance and operation costs [59].…”

“…In PPP projects, the private sector is the investor of the project, in other words, these companies must provide the required finance to complete these projects. Turkish construction companies have limited financial resources compared to construction companies in developed countries [59]. Therefore, they must obtain external finance from banks and other financial institutions.…”