Construction of a Public sector Comparator as a part of the evaluation process used to determine preferability a Public Private Partnerships in Public infrastructure projects
| Author: | Mgr. Marie Kubešová |
|---|---|
| Year: | 2007 - summer |
| Leaders: | † prof. Ing. Michal Mejstřík CSc. |
| Consultants: | |
| Work type: | Finance, Financial Markets and Banking Masters |
| Language: | Czech |
| Pages: | 100 |
| Awards and prizes: | M.A. with distinction from the Dean of the Faculty of Social Sciences for an extraordinarily good masters diploma thesis. |
| Link: | |
| Abstract: | The Public Sector Comparator (PSC) is a part of the evaluation process used to determine the preferability of Public Private Partnerships in public infrastructure projects. It provides a reliable means of demonstrating value for money and cost savings (Value for Money). The PSC estimates the hypotetical risk-adjusted cost if a project were to be financed, owned and implemented by government. The PSC is developed in accordance with the required output specification. It is expressed as the Net Present Cost of a projected cash flows based on specific discount rate over the required life of the contract. The construction of a PSC is recommended to test whether a private investment proposal offers Value for Money in comparison with the most efficient form of public procurement. Components of a PSC are described and discussed in the Diploma thesis, and a detailed Public Sector Comparator calculation for a hypothetical project of „Administrative building“ is constructed. |
| Downloadable: | Diploma Thesis of Marie Kubešová |
