Future proofing public-private partnerships: Moving from ex post evaluation to life-cycle performance measurement of assets
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Public-Private Partnerships (PPPs) have been widely used to procure infrastructure assets. However, PPPS are plagued with controversy as they have been the subject of cost/schedule overruns and/or unsatisfactory asset operations. An underlying issue contributing to poor performance of PPPs is the absence of effective performance measurement throughout their life cycle. In addressing this issue, this paper empirically develops a life-cycle performance measurement system for social infrastructure PPPs (e.g., hospitals/school/prison/stadium). It is proffered that governments and private sector entities can use the developed system as a mechanism to better manage the life-cycle performance of their assets and ensure they are 'future proofed'.
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This document has been peer reviewed.