Public-private partnerships (PPPs) are increasingly recognized as pivotal mechanisms for developing infrastructure, particularly in countries like Türkiye. A recent study led by Elif Durna from Boğaziçi University sheds light on the critical success factors (CSFs) that underpin successful PPP projects, a topic of paramount importance for stakeholders in the construction industry.
As governments pivot from being direct service providers to regulators and facilitators, the dynamics of infrastructure development are shifting. PPPs offer a unique opportunity for public and private entities to share the risks and costs associated with major projects. However, the complexity and scale of these initiatives make effective project management essential. Durna’s research identifies 23 CSFs through a comprehensive literature review and a survey of 82 companies across Türkiye, a move that aims to enhance the performance of PPPs.
“The findings highlight the importance of a favorable legal framework, clear project identification, and thorough cost-benefit assessments as the most significant drivers of success,” Durna explains. This insight is particularly relevant for construction firms looking to navigate the intricate landscape of public contracts. By aligning their strategies with these identified factors, companies can improve their chances of winning bids and executing projects that meet both public expectations and regulatory standards.
The study employs factor analysis to distill the 23 identified CSFs into five core dimensions: project finance, project management, operational factors, procurement, and organizational factors. This categorization not only clarifies what drives success in PPPs but also serves as a roadmap for stakeholders aiming to optimize their approaches. The implications for the construction sector are substantial; understanding these dimensions can lead to more effective project execution and better resource allocation.
Durna’s research comes at a critical time as Türkiye continues to invest heavily in infrastructure development. The insights garnered from this study equip both public authorities and private contractors with the knowledge needed to enhance collaboration and drive successful outcomes. As the construction industry evolves, embracing these critical success factors will likely become a cornerstone of strategic planning.
The findings of this research have been published in the ‘Sakarya University Journal of Science’, offering a valuable resource for professionals seeking to deepen their understanding of PPP dynamics in the construction sector. As the landscape of infrastructure development continues to change, studies like Durna’s will play an essential role in shaping effective strategies for future projects.
