A procurement policy-making pathway to future-proof large-scale transport infrastructure assets
Governments worldwide have made a significant financial commitment to combat increasing traffic congestion and ageing transport networks over the next decade. However, large-scale transport projects are often late, over-budget, and below quality, making it difficult to future-proof assets and accomm...
| Main Authors: | , , , , |
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| Format: | Journal Article |
| Language: | English |
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ELSEVIER SCI LTD
2021
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| Subjects: | |
| Online Access: | http://purl.org/au-research/grants/arc/DP160102882 http://hdl.handle.net/20.500.11937/90131 |
| _version_ | 1848765333651849216 |
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| author | Love, Peter Ika, L.A. Matthews, Jane Li, Xinjian Fang, W. |
| author_facet | Love, Peter Ika, L.A. Matthews, Jane Li, Xinjian Fang, W. |
| author_sort | Love, Peter |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Governments worldwide have made a significant financial commitment to combat increasing traffic congestion and ageing transport networks over the next decade. However, large-scale transport projects are often late, over-budget, and below quality, making it difficult to future-proof assets and accommodate unanticipated changes. Evidence indicates that the traditional procurement model for large-scale projects used by Australian State Governments, for example, fails to deliver expected benefits. Markedly, a focused policy-making pathway is absent, especially for future-proofing these complex projects. Hence, the need to move away from a prevailing ‘understand, reduce, respond’ to a more adequate ‘understand, embrace, adapt’ attitude towards complexity and uncertainty in project procurement. The enabling functions of asset management, digitization, delivery, and finance might help. However, little is known about how they can coalesce to form a policy-making pathway to provide governments value for money outcomes and ensure assets are future-proofed. In this paper, we fill this void by reviewing the normative literature and proposing a conceptual approach. The issues we examine are of the utmost interest to governments worldwide as they grapple with designing, constructing, operating and maintaining transport assets that are both resilient to unexpected events and adaptable to changing needs, uses or capacities including climate change. |
| first_indexed | 2025-11-14T11:33:35Z |
| format | Journal Article |
| id | curtin-20.500.11937-90131 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:33:35Z |
| publishDate | 2021 |
| publisher | ELSEVIER SCI LTD |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-901312023-02-13T05:10:35Z A procurement policy-making pathway to future-proof large-scale transport infrastructure assets Love, Peter Ika, L.A. Matthews, Jane Li, Xinjian Fang, W. Social Sciences Science & Technology Technology Economics Transportation Business & Economics Australia Assets Policy-making pathway Procurement Future-proofing PUBLIC-PRIVATE PARTNERSHIPS RAIL TRANSIT PPPS LIFE-CYCLE CONSTRUCTION PERFORMANCE MANAGEMENT STANDARDIZATION OVERRUNS PROJECTS LESSONS Governments worldwide have made a significant financial commitment to combat increasing traffic congestion and ageing transport networks over the next decade. However, large-scale transport projects are often late, over-budget, and below quality, making it difficult to future-proof assets and accommodate unanticipated changes. Evidence indicates that the traditional procurement model for large-scale projects used by Australian State Governments, for example, fails to deliver expected benefits. Markedly, a focused policy-making pathway is absent, especially for future-proofing these complex projects. Hence, the need to move away from a prevailing ‘understand, reduce, respond’ to a more adequate ‘understand, embrace, adapt’ attitude towards complexity and uncertainty in project procurement. The enabling functions of asset management, digitization, delivery, and finance might help. However, little is known about how they can coalesce to form a policy-making pathway to provide governments value for money outcomes and ensure assets are future-proofed. In this paper, we fill this void by reviewing the normative literature and proposing a conceptual approach. The issues we examine are of the utmost interest to governments worldwide as they grapple with designing, constructing, operating and maintaining transport assets that are both resilient to unexpected events and adaptable to changing needs, uses or capacities including climate change. 2021 Journal Article http://hdl.handle.net/20.500.11937/90131 10.1016/j.retrec.2021.101069 English http://purl.org/au-research/grants/arc/DP160102882 https://creativecommons.org/licenses/by-nc-nd/4.0/ ELSEVIER SCI LTD fulltext |
| spellingShingle | Social Sciences Science & Technology Technology Economics Transportation Business & Economics Australia Assets Policy-making pathway Procurement Future-proofing PUBLIC-PRIVATE PARTNERSHIPS RAIL TRANSIT PPPS LIFE-CYCLE CONSTRUCTION PERFORMANCE MANAGEMENT STANDARDIZATION OVERRUNS PROJECTS LESSONS Love, Peter Ika, L.A. Matthews, Jane Li, Xinjian Fang, W. A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title | A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title_full | A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title_fullStr | A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title_full_unstemmed | A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title_short | A procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| title_sort | procurement policy-making pathway to future-proof large-scale transport infrastructure assets |
| topic | Social Sciences Science & Technology Technology Economics Transportation Business & Economics Australia Assets Policy-making pathway Procurement Future-proofing PUBLIC-PRIVATE PARTNERSHIPS RAIL TRANSIT PPPS LIFE-CYCLE CONSTRUCTION PERFORMANCE MANAGEMENT STANDARDIZATION OVERRUNS PROJECTS LESSONS |
| url | http://purl.org/au-research/grants/arc/DP160102882 http://hdl.handle.net/20.500.11937/90131 |