Articles:

How Humans Function in the PPP Framework and their Role in Positive Science

Articles

Sep 2, 2017 — Neil Boyle

A Working Framework of PPP Organization- This description of the Water Supply and Sanitation organization system is a heuristic that helps explain how economic organization enables positive science, as well as helps to optimize the cost of governing the system. Its special features are due to its discovery by a ...

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Performance and Renegotiation in Public Procurement and PPP-Writing Complex Contracts for PPP: The Economic Organization of PPP Water and Sanitation (WSS) Projects

Presentation Material

Jul 25, 2015 — Neil Boyle

PERFORMANCE AND RENEGOTIATON IN PUBLIC PROCUREMENT AND PPP - THE ECONOMIC ORGANIZATION OF PPP WSS PHILIPPINES XXX duedate 6192015 prnt 6212015

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PROJECT FINANCE: Incentives and Governance

Articles

Jan 13, 2014 — Neil Boyle

The traditional financial engineering risk-return approach to PPP infrastructure finance goes far but not far enough.  PPPs are often financed with high or even aggressive debt/equity ratios ranging from 80:20 and occasionally reaching the mid 90s.  TCE/NIE tells us that the principals of infrastructure projects are typically bilaterally dependent due to ...

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Creating the Terms and Conditions for PPP Infrastructure Partnerships

Technical Notes

Nov 8, 2013 — Neil Boyle

PPP infrastructure partnerships are much more than a business model that conforms to certain legal formalities. To be sure, partnerships must be supported by law, but modern corporate law in most developing countries is still in process of development and is not likely to be tested anytime soon or regularly ...

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UPDATED – TCE PRECEPTS FOR ANALYZING INSTITUTIONS

Jul 19, 2010 — Neil Boyle

UPDATED - TCE PRECEPTS FOR ANALYZING INSTITUTIONS 07-19-2010 ver 3C Please click on the above link to see the updated version of what I consider one of my important posts.  It is important because it concentrates in one file the beginning of what I have learned over the past 10 years of studying ...

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Vertical Integration as Paradigm: A graphical representation of TCE

Technical Notes

May 25, 2010 — Neil Boyle

VERTICAL INTEGRATION AS PARADIGM - A graphical representation of TCE 5-25-2010 One of many amazing accomplishments of Professor Williamson and to which we benefit from today was his extraction in reduced mathematical form (1996. pp. 106-111) of the basic structure of economic exchange.  Notwithstanding reduced form mathematics, we can generate new ...

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Common Hazards Encountered in PPP Projects

Dec 24, 2009 — Neil Boyle

Hazards are embedded in all agreements and contracts. Even after negotiating away all so-called risks, contract hazards comprise a bevy of hidden risks.  These hidden risks are more appropriately referred to as hazardous incentives or transaction costs, which enable the human factors of limited cognitive capacity and guileful self-interest. Please download the following ...

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Negotiating Superior Safeguards

Technical Notes

Dec 15, 2009 — Neil Boyle

Negotiations calls for smarter trade-offs between price (lower or higher), technology (from simple/generic to complex/specialized and contractual safeguards (from looser to tighter). “All three (price, technology, and safeguards) are interactive, are determined simultaneously, and are scaled comparatively.”  (Williamson, 1996) Safeguards are particularly important; they must be negotiated with credible commitment by ...

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Mitigating Bilateral Dependency

Technical Notes

Nov 24, 2009 — Neil Boyle

Bilateral dependency arises as a result of the fundamental transformation of incentives that occurs after contracts are signed and the strong incentives that are posed by autonomous traders in a large number competitive demand arrangement are conflicted with having to deal with the small number supply relation vis a vis ...

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