Title

Availability Payments And Key Performance Indicators: Challenges For Effective Implementation Of Performance Management Systems In Transportation Public-Private Partnerships

Keywords

Availability payments; Demand risk; Key performance indicators; Performance management systems; Public-private partnerships

Abstract

Recent economic problems have led to a potential increase in the adoption of an availability payments approach by U.S. transportation agencies when creating publicprivate partnerships (P3s). In doing so, the public sector assumes 100% of the demand risk, relying much more heavily on performance management systems that contain key performance indicators (KPIs) to ensure optimal private partner performance during operations and maintenance. Many existing performance management systems, however, suffer from a lack of alignment among KPIs chosen to ensure that all P3s meet societal or agency goals as well as project goals. Furthermore, the choice of KPIs and accompanying standards has resulted in standards that are too easily met or inappropriately weighed. Examples are provided from P3 contracts for projects in Australia and Canada. © The Author(s) 2014.

Publication Date

7-1-2014

Publication Title

Public Works Management and Policy

Volume

19

Issue

3

Number of Pages

219-234

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1177/1087724X14528476

Socpus ID

84905118085 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84905118085

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