Traditional Procurement (TP) vs. Public–Private Partnership (PPP): Comparison of Procurement Modalities focusing on Bundling Contract Effects

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dc.contributor.authorADB; Lee, Hojun; Kim, Kiwan
dc.date.accessioned2021-10-05T15:03:35Z
dc.date.available2021-10-05T15:03:35Z
dc.date.issued2018-09
dc.descriptionThis study explores an optimal structure of procurement contracts between public and private partners by comparing traditional procurement and public–private partnerships. The study sets up a principal–agent model, focusing on bundling effects of procurement, and shows that this effect is one of the main sources of efficiency gains for PPPs. An examination of the PPP project data reveals that the efficiency gain has not been fully realized in the Republic of Korea due to the imbalanced contract participation of different types of investors.
dc.format.extent20
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/traditional-procurement-versus-ppp
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5390
dc.subject.otherGovernance and public sector management
dc.subject.otherPublic procurement systems
dc.subject.otherPrivate sector development
dc.subject.otherPublic-Private Partnerships
dc.titleTraditional Procurement (TP) vs. Public–Private Partnership (PPP): Comparison of Procurement Modalities focusing on Bundling Contract Effects
local.publication.countryCook Islands
local.publication.countryFiji
local.publication.countryMarshall Islands
local.publication.countryMicronesia
local.publication.countryFederated States of
local.publication.countryPalau
local.publication.countryPapua New Guinea
local.publication.countrySamoa
local.publication.countryTonga
local.publication.countryTuvalu
local.publication.countryVanuatu

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