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Equitable risks allocation of projects inside China: analyses from Delphi survey studies

Yongjian Ke (Department of Building, National University of Singapore, Singapore)
ShouQing Wang (Department of Construction Management, Tsinghua University, Beijing, China)
Albert P.C. Chan (Department of Building and Real Estate, The Hong Kong Polytechnic University, Kowloon, China)

Chinese Management Studies

ISSN: 1750-614X

Article publication date: 30 August 2011

Abstract

Purpose

The purpose of this paper is to validate and elaborate on the preferred risk allocations for Chinese public‐private partnership (PPP) projects.

Design/methodology/approach

A previous two‐round Delphi survey was carried out to identify the preferred risk allocations in Chinese PPP projects. A series of face‐to‐face interviews was subsequently conducted to collect actual risk allocations in some recently completed PPP projects. By comparing the preferred and actual allocations and discovering the reasons behind the differences, an equitable risk allocation scheme was then obtained.

Findings

The comparative analysis showed a great degree of conformity between the two allocation schemes. These interviews effectively reinforce the rationale of the preferred risk allocations, so that they can be considered as equitable for PPP projects in China.

Originality/value

Equitable risk allocation is critical to the success of a PPP project. The findings in this paper are hence important to investors for a better understanding of the risks of PPP projects in China.

Keywords

Citation

Ke, Y., Wang, S. and Chan, A.P.C. (2011), "Equitable risks allocation of projects inside China: analyses from Delphi survey studies", Chinese Management Studies, Vol. 5 No. 3, pp. 298-310. https://doi.org/10.1108/17506141111163372

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited