Selection of Quantitative and Qualitative Methods for Comprehensive Evaluation of PPP Projects Focusing on the Czech Republic

Abstract

The article deals with the theoretical background and concepts providing the basis for the use of forms of fi nancing and acquisition of public goods and services through partnerships between the public and the private sectors (public-private partnership-PPP). The aim of this article is to introduce a new original methodology using a selection of qualitative and quantitative methods for evaluating investments and to form a complex output that will clearly and distinctly testify about the appropriateness of using the PPP method. For this purpose, processes which are normally used for business valuation-generators of values, property valuation, yield valuation, valuation based on market analysis, are combined and incorporated/recast in the current assessment methodology, which is based on the Public Sector Comparator and determinants of value for money (VFM), are being used. Although this new methodology was developed in response to the problematic situation regarding PPP projects' evaluation particularly in the Czech Republic, it can also be applied in other countries.

The Evolutionary Game of Stakeholders’ Coordination Mechanism of New Energy Power Construction PPP Project: A China Case

“…As consumers, the public should have the most say in the results of the PPP project. Moreover, from the perspective of practice, public satisfaction has increasingly attracted the attention of government departments, and the public's evaluation has become more and more important in government decision-making [25]. As the main responsible person of service outsourcing, the government has the responsibility of finding suitable investors for the public to replace the government's functions in fulfilling PPP projects [26].…”

Aligning BIM and ontology for information retrieve and reasoning in value for money assessment

“…Other studies have focused on exploring the efficiency of the VfM approach compared to traditional approaches based on project data [21][22][23][24][25]. There are also available research studies that propose methodologies for VfM frameworks and ownership structures [26][27][28][29]. A few other studies also focus on more specific measurement approaches by constructing simulation models and probabilistic methods [30,31].…”

Value for Money in Public-Private Partnership Projects in the Field of Street Lighting in the Republic of Serbia

“…However, the term PPP today in a narrower sense implies joint activities in the scope of which the public and private sectors combine resources and expertise in order to meet a public need through adequate allocation of resources, risks and rewards (Jovanović, Uskladjenost pravnog okvira Republike Srbije sa propisima Evropske unije u oblasti javno-privatnog partnerstva, 2014). The possibility of benefiting from co-operation between private and public sectors opens new dimensions for investment opportunities of the public sector and enables the implementation of projects which would not be, under normal circumstances, possible to realize, either from financial, technological or knowledge reasons (Jílek,Petr;Silovská, Hana Černá;Kolařík,Petr;Lukavec Martin, 2018).…”