Perceptions of architectural design and project risk: understanding the architects' role in a PPP project

Raisbeck, Peter

doi:10.1080/01446190802512342

Cited by 19 publications

(18 citation statements)

References 30 publications

(23 reference statements)

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“…They may appear to be removed from project managers and the project realities of time and cost outcomes. In the Australian media when problems arise during PPP construction processes it is the design which is often reported as a significant risk factor (Raisbeck, 2008). This points to the common misunderstandings between designers, project managers and contractors regarding the factors critical to successful design development.…”

Section: Introductionmentioning

confidence: 98%

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Identifying design development factors in Australian PPP projects using an AHP framework

Raisbeck

Tang

2013

Construction Management and Economics

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In Australia consortiums will come together and create an initial design concept or sketch design at the public-private partnership (PPP) bid stage. If the bid is successful this initial design is then developed further. However, a winning bid may have been evaluated on financial criteria alone and the consortium's capability to develop the design through to project delivery may not have been thoroughly evaluated. In theory, design is a key process in PPP projects and the aim of the research was to understand what capabilities are important in the development of a design through this process. To clarify these issues, a range of activities and organizational factors linked to design development are proposed using the analytic hierarchy process (AHP) method. This method was chosen in order to see which design development factors were ranked more highly by experts. In this research the hierarchy was designed employing the categories of exploratory and exploitative design development. Below each of these overarching categories, there were four design development functional distinctions: the two exploratory distinctions were Design (D) and Design Management (DM). The two exploitative distinctions were Design Support (DS) and Design Infrastructure (DI). A further list of 36 design development sub-criteria was developed under the above categories. These sub-criteria formed the basis of a survey of respondents drawn from a database of industry sources in the public domain as well as a list gathered from a large developer involved in PPP projects. It included relatively senior managers, PPP project managers and architects. Survey respondents identified a recent PPP project that they had worked on. From the 36 responses it can be seen that the exploratory Design (D) and Design Management (DM) activities were ranked more highly than the exploitative activities of Design Support (DS) and Design Infrastructure (DI) associated with a PPP project organization. This suggests that PPP frameworks should account for these exploratory factors as well as the exploitative factors associated with compliance, quality systems and project team infrastructure. This indicates that in PPP projects design development through the effective management of an initial design is a critical factor.

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Section: Introductionmentioning

confidence: 98%

“…The hierarchy is Design development 21 structured using categories adapted from innovation theory alongside criteria and sub-criteria developed in previous research (Raisbeck, 2008). The hierarchy distinguishes between exploratory and exploitative notions of design development.…”

Section: Introductionmentioning

confidence: 99%

Identifying design development factors in Australian PPP projects using an AHP framework

Raisbeck

Tang

2013

Construction Management and Economics

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“…The criteria for prequalification in relation to the contractor's ability to meet the client's requirements and achieve success in projects are still a topic for investigation [9] [10]. Contrastingly, the lowest bid price is a highly weighted criterion, yet it is a prime cause of problem for selection of contractors in most works [11] [12]. Growth of public-private partnerships (PPP) in many countries including Australia, India etc.…”

Section: Introductionmentioning

confidence: 99%

A Review of Contract Awards to Lowest Bidder in Indian Construction Projects via Case Based Approach

Deep¹,

Singh²,

Ahmad³

2017

OJBM

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Indian construction especially public sector organisations and government department mostly depends on lowest financial bidder for award of contracts. At some point time of these projects, it has become a common scenario that there is a schedule delay resulting in extension of time. So it can be mentioned that modern contract handling procedures require an overhauling. The study presents a case-based approach, in which authors have studied different projects that have been awarded on basis of financial criterion. Ultimately conclusions have been drawn by comparing efficiency of contractor with progress, ratio of bid and project cost and other factors.

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“…In fact, PPP related research has been growing even more recently (Tang, et al, 2010). These research topics in PPP include: analytical frameworks for PPPs (Ozdoganm and Birgonul, 2000;Carillo et al, 2006), critical success factors (Li et al, 2005;Tabish and Jha, 2011), contractual arrangements and structures of PPP/PFIs Ahadzi and Bowles, 2004;Chowdhury et al, 2011), real options (Liu and Cheah, 2009;Shan et al, 2010), value for money (Akintoye et al, 2003;Henjewele et al, 2011), and even architectural design (Leiringer, 2006;Raisbeck, 2008).…”

Section: Introductionmentioning

confidence: 99%

Impacts of construction events on the project equity value of the Channel Tunnel project

Park

Chang²

2013

Construction Management and Economics

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With the growing strains on public resources, many governments in recent years have turned to the private sector for infrastructure project financing. The special purpose vehicles (SPVs) taking such projects usually have a 2-stage business model: a construction stage followed by an operating stage.However, the project risk in stage 1 is very high, and in most cases, the impacts of specific construction events on project risk and capital cost are unobservable due to lack of informational transparency.Eurotunnel (the Channel Tunnel project) is unique in that the share price data for the entire construction period is publicly available. Based on event study methodology, empirical tests were conducted for several well-documented Eurotunnel construction events to measure and assess the project risk and the impacts of such events on the SPV's equity value. The test results show that: (1) during the construction stage, efforts to better manage the interests and incentives of contractors produce more significant positive impact from investors than efforts for cost containment; (2) during the construction stage, meeting the project deadline is a higher investor priority than containing construction cost; and (3) once the construction phase is complete, the investors' priority then becomes the overall cost and the impact of construction events on the expected returns from investment. Finally, the level of risk and the potential conflicts of interest that arise during the construction phase of a mega infrastructure project are such that turning to IPOs to provide equity capital may not be appropriate.

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Perceptions of architectural design and project risk: understanding the architects' role in a PPP project

Cited by 19 publications

References 30 publications

Identifying design development factors in Australian PPP projects using an AHP framework

Identifying design development factors in Australian PPP projects using an AHP framework

A Review of Contract Awards to Lowest Bidder in Indian Construction Projects via Case Based Approach

Impacts of construction events on the project equity value of the Channel Tunnel project

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