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Do public–private partnerships achieve better time and cost performance than regular contracts?

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  • Stefan Verweij
  • Ingmar van Meerkerk

Abstract

Infrastructure development with public–private partnership (PPP) contracts has been claimed to lead to better performance compared to regular contracts. However, the empirical evidence for this claim is weak. The authors assessed the difference in the actual performance of Dutch infrastructure PPP projects (design–build–finance–maintain: DBFM) compared to regularly procured projects (design-and-construct: D&C). DBFM projects demonstrated significantly better cost performance.IMPACTPublic–private partnerships (PPPs) have been widely used for the development and management of transport infrastructure, such as highways, railways, and waterways. However, hard evidence that PPPs perform better than regularly procured projects is lacking. Existing evidence tends to rely on anecdotal and perceptual data. This paper provides policy-makers and managers with real information about the actual performance and benefits of PPPs.

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  • Stefan Verweij & Ingmar van Meerkerk, 2021. "Do public–private partnerships achieve better time and cost performance than regular contracts?," Public Money & Management, Taylor & Francis Journals, vol. 41(4), pages 286-295, May.
    • Handle: RePEc:taf:pubmmg:v:41:y:2021:i:4:p:286-295
    DOI: 10.1080/09540962.2020.1752011
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    Cited by:

    1. Alessandra Tafuro & Giuseppe Dammacco & Antonio Costa, 2023. "A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership," Administrative Sciences, MDPI, vol. 13(8), pages 1-15, July.
    2. Marques, Rui Cunha, 2021. "Public interest and early termination of PPP contracts. Can fair and reasonable compensations be determined?," Utilities Policy, Elsevier, vol. 73(C).
    3. Marina Mikhailovna Pukhova & Irina Anatolievna Merkulina & Dmitry Yuryevich Bashkov, 2021. "Developing Public–Private Partnership Projects to Enhance Innovation Capability in the Defence Industry," Economies, MDPI, vol. 9(4), pages 1-21, October.
    4. Mark A. Moore & Aidan R. Vining, 2023. "PPP performance evaluation: the social welfare goal, principal–agent theory and political economy," Policy Sciences, Springer;Society of Policy Sciences, vol. 56(2), pages 267-299, June.
    5. Laura Molinari & Elvira Haezendonck & Katrien Van Rompay & Vincent Mabillard & Michaël Dooms, 2024. "Persisting Cost Overruns in Public Infrastructure Projects: Lessons From the Belgian Case," ULB Institutional Repository 2013/374781, ULB -- Universite Libre de Bruxelles.
    6. Liping Fu & Huajun Sun & Yuan Meng & Jiaxin Li, 2022. "The Role of Public–Private Partnerships in Local Government Debt Is a Potential Threat to Sustainable Cities: A Case from China," Sustainability, MDPI, vol. 14(21), pages 1-20, October.

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