Abstract
A Public–Private Partnership (PPP) is an important model in which public sectors cooperate with private sectors to produce and provide public goods or services. However, due to the incompleteness of PPP contracts, the benefits and effects of PPP projects are often not achieved as expected. The key to improving the completeness of a PPP contract is its allocation of residual control rights. This paper proposes an evaluation index for the allocation of PPP residual control rights and develops a model of residual control rights allocation in PPP projects based on a 2-tuple linguistic model. The proposed model, demonstrated by using a real-life PPP project, can aid the public and private sectors in their allocation of residual control rights.
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