Risk Inclusion in the Reserve Price Estimation for Toll Road Concession Award

Wirahadikusumah, Reini D.; Sapitri, Sapitri; Susanti, Betty; Soemardi, Biemo W.

doi:10.12720/jtle.2.1.34-39

Cited by 5 publications

(5 citation statements)

References 1 publication

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“…(1) Inventory of activity (2) The process of inventory of these activities is the breakdown of a project into several major components of the project (3) Dependency Logic (4) Solving the project into work packages should consider the sequence of work to be performed (5) Estimated Time (6) This time estimate is the period required to complete each activity Several factors determine the length of activity, job volume, labor, weather, project location, time estimating procedure. The terms used in the network diagram are as follows [7], [8]:…”

Section: Excavatormentioning

confidence: 99%

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Scheduling design of Jakarta-Cikampek II elevated toll road project (P.186 – P.187)

Khalim

Ghifarsyam

Rozy

et al. 2021

JEATech

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The key to achieving effective and efficient development goals is by increasing the quality of construction management by collecting up-to-date data about the project's resources, mainly about productivity. In this research space, productivity will be discussed, including human resources and their management. The case study is the project of Jakarta-Cikampek II Elevated Toll Road. This project was a developing project to improve the capacity of the existing Jakarta-Cikampek toll road. This elevated structure will be built right in the area (median and side edge) of the existing toll road, making it interesting to discuss how the construction is carried out. Scheduling analysis in this study was carried out at points P.186 to P.187 of the construction project. The analysis includes identifying the productivity index of labor resources and equipment that has a major role in shaping the scheduling concept. The concept will be performed by determining a network diagram that will use the Critical Path Method (CPM) rule. The data used in this analysis are construction drawing, s-curve plan, worker data, weekly job plan, work method, and some interviews with worker and field project manager. These results obtained the large productivity of workers and equipment, and the duration required to complete the construction starting prom point P.186 to P.187 is 248 working days

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Section: Excavatormentioning

confidence: 99%

“…Management is coordinating work activities so that the work is completed efficiently and effectively and through other researchers [1], [2]. The research aims to plan a construction management concept within the scope of effective and efficient scheduling to minimize disruption to the currently active toll road.…”

Section: Introductionmentioning

confidence: 99%

Scheduling design of Jakarta-Cikampek II elevated toll road project (P.186 – P.187)

Khalim

Ghifarsyam

Rozy

et al. 2021

JEATech

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“…Recommendations: which one to be included in the HPSPJT and which one not to be included in the improvement of contract clauses. A study to identify risks in PPP toll road in Indonesia has been described [8]. These risks study was based on previous studies as in [9], [10], and [11].…”

Section: Interviews With Investors About Risk Mitigation Thatmentioning

confidence: 99%

Risk in Government’s Estimate for Toll Road: Based on Investors’ Perspective

Wirahadikusumah

Sapitri

Susanti

et al. 2018

International Journal on Advanced Science, Engineering and Information Technology

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The government's estimate for toll road concession award, as a comparator for investors' bids, has been criticized by investors, as it does not fully include the proper cost of risks. Thus, there is a need to develop a more equitable estimate that considers the risks, both at the project and at the business/corporate level. The study was mainly supported by qualitative data on the probability of occurrences and impact assessment of risks, acquired through interviews with major investors. Probability Impact Matrices were used to identify risks categorized as "high risks." Findings have indicated that the high and dominant risks are: i) Route/traffic management (lower traffic volume due to changing routes); ii) Overloading (poorly imposing the limitations of heavy vehicles); and iii) Inadequate/inaccurate data in feasibility study documents. Recommendation on the mitigation plan for these risks has been corroborated by both parties, the government, and the investors. Parts of the risk are proposed to be incorporated into the government's estimate, while other risks should be adequately addressed in specific contract clauses for Indonesia's PPP scheme.

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“…This ensures better results of projects subject to development of locality and public well-being. As a concluding thought, owing to their magnitude, highway infrastructure projects are threatened by emerging risks and their cost needs to be worked out in concession awards (Wirahadikusumah et al , 2014).…”

Section: Decision-making In Ppp Concessionmentioning

confidence: 99%

A review of public-private partnership: critical factors of concession period

Ullah

Ayub

Qayyum

et al. 2016

JFMPC

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Purpose The purpose of this paper is to investigate the critical decision factors of public–private partnership (PPP) concession which is complex due to a number of uncertain and random variables. To identify critical factors contributing to determination of concession period, this study reviews the published literature. It also identifies countries contributing most in PPP research. As a whole, it provides a mutually beneficial scenario by formulating a decision-making matrix. Design/methodology/approach This paper reviews the literature published during the period 2005-2015. A two-staged methodology is followed on retrieved scholarly papers: first, countries contributing to PPP are identified along with authors and affiliated institutions. Second, using frequency analysis of shortlisted critical factors, yearly appearance and stakeholders affected, a decision matrix is formulated. Findings The most contributing country toward PPP research is China, followed by the USA both in terms of country- and author-based contribution. In total, 63 factors are identified that affect PPP concession out of which, 8 per cent are highly critical and 21 per cent are marginally critical for decision-making. Practical implications Critical factors of PPP concession period will be identified with the help of decision-making matrix. This will help in adequate resource allocation for handling critical factors ensuring project success. Researchers may also understand the research trends in the past decade to usher ways for future improvements. Originality/value This paper reports findings of an original and innovative study, which identifies critical success factors of PPP concession period and synthesizes them into a decision-making matrix. Many of the previous studies have identified and ranked the critical factors but such a synthesis has not been reported.

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Risk Inclusion in the Reserve Price Estimation for Toll Road Concession Award

Cited by 5 publications

References 1 publication

Scheduling design of Jakarta-Cikampek II elevated toll road project (P.186 – P.187)

Scheduling design of Jakarta-Cikampek II elevated toll road project (P.186 – P.187)

Risk in Government’s Estimate for Toll Road: Based on Investors’ Perspective

A review of public-private partnership: critical factors of concession period

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