New book examines PPP performance

A new book has been published by a group of academics that provides an in-depth look at the perceived performance advantage of PPPs.

Questioning the premise that PPPs have a performance advantage over traditionally procured projects, Assessing the Performance Advantage of Public-Private Partnerships uses empirical evidence to consider three key performance dimensions: cost, time, and service quality.

It found that while evidence for a cost performance advantage remains mixed, PPPs are proven to clearly outperform traditional alternatives in terms of time and service quality.

“In terms of compiling empirical evidence - rather than anecdotal evidence - we now have a resource that says under the right conditions, PPPs do have performance advantages,” Carter Casady, one of the book’s editors, told Partnerships Bulletin. “The evidence is showing that PPPs have a role to play under certain circumstances.

“This is the first effort of this kind and more work now needs to be done, but it provides evidence of where the market stands today.”

The book was edited by Stefan Verweij, assistant professor of infrastructure planning, governance and methodology at the University of Groningen; Ingmar van Meerkerk, associate professor of public administration at the Erasmus University Rotterdam; and Carter B. Casady, honorary senior research fellow at The Bartlett School of Sustainable Construction, University College London, and senior fellow at the Center for Transportation PPP Policy, George Mason University.

It is now available to pre-order here.