Casady, C;
Eriksson, K;
Levitt, R;
Scott, WR;
(2018)
Examining the State of Public-Private Partnership (PPP) Institutionalization in the United States.
The Engineering Project Organization Journal
, 8
10.25219/epoj.2018.00109.
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Abstract
Globally, public-private partnerships (PPPs) have increased in popularity as an alternative procurement model for infrastructure development projects. While PPPs have been widely researched and remain subject to extensive debate, the process of PPP institutionalization has been largely overlooked. To address this knowledge gap, we utilize a combination of both Johnson et al.’s (2006) four phases of institutionalization—innovation, local validation, diffusion, and general validation—and Mrak’s (2014) three models of PPP institutionalization—centralized, decentralized, and mixed—to examine the current state of the U.S. PPP market. Using data on 368 U.S. PPP projects from Inframation’s global transactions database, our case analysis indicates America’s PPP institutionalization process is strongly decentralized and currently in a state of diffusion. Our analysis also suggests general validation of PPPs in the U.S. will likely be predicated on shifting to a mixed PPP institutionalization model.
Type: | Article |
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Title: | Examining the State of Public-Private Partnership (PPP) Institutionalization in the United States |
Open access status: | An open access version is available from UCL Discovery |
DOI: | 10.25219/epoj.2018.00109 |
Publisher version: | https://doi.org/10.25219/epoj.2018.00109 |
Language: | English |
Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt |
URI: | https://discovery.ucl.ac.uk/id/eprint/10116439 |
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