"This book will be of interest to a wide audience including professionals and academics working in the area of infrastructure / construction procurement and management."--BOOK JACKET.

Infrastructure is vital to a resilient society and infrastructure investment is therefore critical to the vibrant functioning of societies. Infrastructure assets span economic and social spheres, but despite the prime importance of infrastructure investment, national governments simply cannot fund all of society's infrastructure requirements. This book, Infrastructure Procurement and Funding explores the key models of procuring and financing major projects and infrastructure works whilst critically acknowledging the inherent challenges in successfully securing the necessary funding. The book provides the reader with a detailed review of contemporary methods of financing and procuring infrastructure projects, commencing with an examination of the role of infrastructure in society in creating resilient societies. It reviews public sector funding mechanisms for infrastructure investment and then introduces, before presenting emerging trends in private sector investment in infrastructure. Fundamentally this book identifies robust, innovative, and contemporary solutions to the procurement, financing and investment in major infrastructure projects, globally, nationally and regionally. The book is ideal reading for international courses in construction procurement, construction project management, infrastructure asset management, real estate investment and finance, but will also be useful for those construction business leaders in public and private sectors who are responsible for making major project and infrastructure financial and investment decisions.

This book presents an extensive study on the extant constructs of corruption in infrastructure-related projects and aims to contribute to the determination and elimination of its incidence and prevalence in infrastructure projects. The book conducts a comprehensive examination of the various determining factors of corruption that negatively affect the procurement process and, in the end, result in cost and time overruns. The authors present an in-depth understanding of how the identified determining factors of corruption can be addressed. Thus, it is intended to broaden the reader's knowledge of the causes, risk indicators, and different forms of corrupt practices in the procurement process of infrastructure works, before explaining how they affect its stages and activities A dynamic model is developed to demonstrate how to tackle the overall impact of corruption within the procurement process and, at the same time, increase the effectiveness of the extant anti-corruption measures. In short, this book demonstrates that the fight against corruption in the procurement process is strategically feasible and must continue. This book is essential reading for academics, researchers, professionals and stakeholders in the procurement of infrastructure projects and civil works, as well as those with an interest in corruption, construction management and construction project management.

As an industrial process, construction is unique. The procurement processes used to achieve the successful completion of built assets requires a different approach to that adopted in most other industries, due to the design of buildings being bespoke and the sites being geographically varied. The procurement process is central to the success of any construction project and many of the problems which impact construction projects can be traced back to the procurement phase, so a good understanding of the methods of procurement, the development of a procurement strategy and the influence it has on project success is essential for all those working in the industry. Much has changed in the global construction industry since publication of the second edition of Building Procurement, for example the increase in debt burden of many major economies, widespread adoption of Building Information Modelling (BIM) Technology in the industry and the United Kingdom's exit from the European Union. This new edition has been rewritten to take account of these significant developments, but at its core it continues to provide a critical examination and review of current procurement practices in the UK, continental Europe (including EU procurement procedures), China, Middle East and Sub-Saharan Africa and the USA. It retains its original strong emphasis on the need for clients to establish achievable objectives which reflect the project business case and focuses on development of suitable strategies and management structures to meet those objectives in the current construction climate. Building Procurement will be essential reading for senior undergraduate and postgraduate students of construction management and practitioners working in all areas of construction management.

Throughout the world there is a growing demand for high quality public services to support socio-economic development. Infrastructure is central to improving the level of public services and the quality of the built environment. But in key areas such as transport, energy, water, healthcare, education and communications, public resources are not sufficient to keep pace with this demand. As the public sector struggles to keep up, the private sector is increasingly involved in the procurement of economic and social infrastructure. Until now procurement strategies have often concentrated on the mechanisms and the ‘bricks and mortar’ without a thorough analysis of the processes and their implications for services. The result is that all too often infrastructure projects are implemented in an ad hoc and fragmented way. In this ground-breaking book, Rodney Howes and Herbert Robinson provide a holistic approach to infrastructure provision that facilitates infrastructure delivery aimed at continuously improving the level and quality of services. Critical issues of policy and strategy, implementation, and operational aspects are examined within the context of sustainability. By emphasising the importance of procuring infrastructure within an overall national or regional development policy and strategy, the authors have demonstrated the importance of linking investment and resource decisions to local social, economic and environmental needs. With each chapter carefully written to reflect part of the infrastructure delivery chain and illustrated with practical examples and case studies from around the world, this book offers a new blueprint for infrastructure investment and resource management.

Large projects, especially in the construction and infrastructure sectors, involve collaborations of many different types, such as built-own-operate, public-private partnership, or competitive dialogue. This monograph details the authors' research on the types of collaborative projects. The research undertaken for this book responds to the need for a taxonomy of relationship-based procurement approaches, a particular type of project alliancing in need of standardization. Recommendations are made based on interviews with 36 subject matter experts from several countries, as well as an extensive literature review

- Project finance as a tool for financing infrastructure projects - Public finance for infrastructure projects - Financial instruments - Financial engineering - Restructuring projects - Financial markets - The concession or build-own-operate-transfer (BOOT) procurement strategy - The private finance initiative - Challenges and opportunities for infrastructure development in developing countries - Financial institutions - Privatisation as a method of financing infrastructure projects - Typical risks in the procurement of infrastructure projects - Mechanism for risk management and its application to risks in private finance initiative projects - Insurance and bonding - Case study of a toll bridge project - Case study on managing project financial risks utilising financial engineering techniques