Concessionaire Selection for Build-Operate-Transfer Tunnel Projects in Hong Kong
Publication: Journal of Construction Engineering and Management
Volume 128, Issue 2
Abstract
A significant realignment of risks between project participants is a fundamental facet of the new procurement paradigm of BOT (build-operate-transfer). A BOT concessionaire assumes far more and deeper risks than a contractor. One critical contributor to the success of a BOT project is the selection of an appropriate concessionaire who has the necessary capacity to provide the best overall deal throughout the build-operate-transfer process. However, various BOT-type procurement protocols are not yet proven and are still being tried and tested. Many countries are at the lower ends of their learning curves. Therefore, there is a need to benchmark the best practices that have been emerging. The Hong Kong government has developed a well-structured concessionaire selection framework supported by the Kepner-Tregoe decision analysis technique. This paper analyzes and draws experiences and lessons from this concessionaire selection practice. Current concessionaire selection practices worldwide are also discussed with a view to improve the procurement process of regions lacking in such experiences or expertise.
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Information & Authors
Information
Published In
Journal of Construction Engineering and Management
Volume 128 • Issue 2 • April 2002
Pages: 155 - 163
Copyright
Copyright © 2002 American Society of Civil Engineers.
History
Received: Sep 7, 2000
Accepted: May 14, 2001
Published online: Apr 1, 2002
Published in print: Apr 2002
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