Pavement Preservation Journal, Fall 2013, Vol. 6, No. 3
Panagiotis Ch. Anastasopoulos, Matthew Volovski, and Samuel Labi
For preserving pavements, highway agencies may seek the participation of the private sector in order to raise revenue, share risks and reduce project delivery costs.
Public-private partnerships (PPPs) are an increasingly common approach for project delivery. To address the lack of a rational decision-support structure for choosing between PPP and traditional contracting approaches for a specific pavement preservation project, we demonstrate a framework that assesses the relative performance of PPPs.
In this context, performance is expressed in terms of the likelihood and amount of cost savings associated with the PPP.