New Forms of Procurement
PPP and Relational Contracting in the 21st Century
By: Marcus C. Jefferies, Steve Rowlinson
The last three decades have seen the evolution of Public-Private Partnerships (PPPs) and Relationship Contracting (RC) as alternative procurement approaches to traditional methods of delivering public infrastructure. The potential for growth in these new forms of procurement has led to an on-going debate on the nature of requirements, particularly in terms of policy development, encouraging private investment and value for money. A key argument for Governments to procure projects using PPPs and RC is that the process delivers better value for all the stakeholders, including the community and asset end-users. This wide-ranging study of such crucial procurement issues includes international historical context, collaboration and risk management, with a focus on sustainable procurement approaches. The international significance of PPPs and RC procurement is reinforced with case study examples from the UK, Europe, North America, South Africa and the Asia-Pacific. It features cutting-edge research from around the world on subjects such as: Reviews and reflection of the PPP approach Project Alliancing Implementation of RC in developing countries Changes in procurement policy Value for money, collaboration and stakeholder involvement Growth and emergence of PPPs in Asia Risk management Including contributions from some of the world's most prominent academics and practitioners in this field, it is a crucial guide to the strategic choices governments now face for the provision of infrastructure, between using 'public' or 'private' mechanisms, or a combination of the two.
AI Overview
"New Forms of Procurement: PPP and Relational Contracting in the 21st Century" is a book edited by Marcus C. Jefferies and Steve Rowlinson, first published in 2016. Here is a comprehensive overview of the book:
Key Themes
- Public-Private Partnerships (PPPs): The book focuses on the evolving landscape of procurement practices, particularly emphasizing Public-Private Partnerships (PPPs) as a key form of collaboration between public and private sectors.
- Relational Contracting: It explores the concept of relational contracting, which highlights the importance of relationships and trust in procurement processes.
- Strategic Choices: The book provides a guide to strategic choices in procurement, including contributions from prominent academics and practitioners in the field.
Plot Summary
The book offers a detailed analysis of the current state and future directions of procurement practices. It delves into the complexities of PPPs, discussing their benefits and challenges. The authors also examine relational contracting, which is crucial for successful partnerships. The text includes case studies and theoretical frameworks to illustrate the strategic choices involved in modern procurement.
Critical Reception
While specific reviews are not provided in the search results, the book's reputation can be inferred from its publication by reputable academic presses and its inclusion in various academic and professional catalogs. The book's focus on contemporary issues in procurement and its interdisciplinary approach suggest it would be well-received by scholars and practitioners in the field.
Additional Information
- Edition and Publication: The book is in its first edition, published in 2016. It is available in both hardcover and eBook formats.
- Contributors: The book includes contributions from prominent academics and practitioners, adding depth and practical insights to the theoretical discussions.
In summary, "New Forms of Procurement" by Marcus C. Jefferies and Steve Rowlinson is a comprehensive guide to modern procurement practices, emphasizing PPPs and relational contracting. It provides strategic insights and practical examples, making it a valuable resource for both academics and professionals in the field.