Work detail

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.
Work type: Finance, Financial Markets and Banking
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.
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


Česká Spořitelna


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