Concessionaire Selection: Methods and Criteria

Abstract

Various innovative public private partnerships (PPPs) have been explored in worldwide infrastructure development in which BOT (build-operate-transfer) is the underlying concept. Selection of the right concessionaire, which is critical to the success of such BOT-type PPPs, depends on the quality of identifying and defining suitable project-specific criteria and the quality of formulating an efficient tender evaluation methodology. A systematic research approach (including literature review, case studies, interview/correspondence, and a structured questionnaire survey) has been adopted to draw experience and learn lessons from international PPP practices and to unearth and refine experiential and expert knowledge from worldwide experts and practitioners. Tender evaluation criteria and methods currently used in diverse types of PPP projects in both developed and developing countries are identified, compared, analyzed, and then generalized.