Critical success factors of the BOOT procurement system: reflections from the Stadium Australia case study

TLDR

Private sector involvement in infrastructure procurement is increasing, driven by the need to accelerate development and relieve government budgets, leading to the rise of complex BOOT schemes that pose new construction risks. The study aims to develop a framework of critical success factors for BOOT schemes based on stakeholder perceptions. The authors tested this framework through a case study of Stadium Australia. The case study comparison highlighted outcomes that were discussed, illustrating the framework’s applicability.

Abstract

Recent trends in the provision of infrastructure development indicate that the private sector is playing an increasingly important role in the procurement process. This trend has partly arisen out of a necessity for the development of infrastructure to be undertaken at a rate that maintains and allows growth. This has become a major challenge for many countries where it is evident that these provisions cannot be met by government alone. The emergence of Build‐Own‐Operate‐Transfer (BOOT) schemes as a response to this challenge provides a means for developing the infrastructure of a country without directly impacting upon the government's budgetary constraints. The concepts of BOOT are without doubt extremely complex arrangements, which bring to the construction sector risks not experienced previously. This paper examines perceptions of BOOT schemes in order to develop a framework of critical success factors. The developed framework is then tested against a case study of Stadium Australia, and the outcomes of the comparison are discussed.