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A Constructivist Orientation to Effectively Align VfM Objectives in PPP Infrastructure Projects

In: Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate

Author

Listed:
  • Christy P. Gomez

    (Universiti Tun Hussein Onn Malaysia)

  • Muhammad M. Gambo

    (Universiti Tun Hussein Onn Malaysia)

Abstract

Public Private Partnerships (PPP) has evolved to serve the growing demand for infrastructure development in Malaysia. However, the Value for Money (VfM) evaluative aspect embedded within the Public Sector Comparator (PSC) of the PPP procurement form has faced lots of criticism. Much of the criticism is directed at the inability within PPP practice to effectively steer Special Purpose Vehicles (SPVs) towards established VfM objectives right from the inception stage. This inability is viewed as a constraint in the successful delivery of PPP projects. Using Theory of Constraints (TOC) analysis alongside critical theory perspective, three basic deficiencies in PPP practice is identified, namely: ignoring the much more permanent construction project organization; lack of consideration towards the partnership principle; and finally the lack of alignment within the project organizational framework towards delivering customized VfM objectives. In tackling the third deficiency, this paper proposes the Balanced Scorecard (BSC) approach with a clear emphasis on ‘Learning and Growth’ perspective as a means to consistently align the SPV towards achieving set VfM objectives. The underlying philosophical context of this work is based on augmenting the mainstream positivist orientation towards research and practice with a constructivist understanding of knowledge production.

Suggested Citation

  • Christy P. Gomez & Muhammad M. Gambo, 2015. "A Constructivist Orientation to Effectively Align VfM Objectives in PPP Infrastructure Projects," Springer Books, in: Liyin Shen & Kunhui Ye & Chao Mao (ed.), Proceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate, edition 127, chapter 0, pages 787-797, Springer.
    • Handle: RePEc:spr:sprchp:978-3-662-46994-1_64
    DOI: 10.1007/978-3-662-46994-1_64
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