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
|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