Hybrid Model Based on PPP and EPC Contracts

Abstract

Public Private Partnership (PPP) was introduced in India as a viable project implementation mechanism to meet the growing demand for new and better infrastructure services. Rise of non-performing assets accompanied by high risk at various stages of PPP made government adopt Engineering, procurement, and construction (EPC) contracts. Based on poor performance and failing to meet the deliverables of EPC projects, a Hybrid model based on PPP and EPC is necessary. In this study failure factors in PPP and EPC projects is identified, analyzed and ranked using multivariate factor analysis and Delphi technique. To develop a Hybrid model, a systematic research approach (literature review and interviews with experts and experienced practitioners) has been taken to understand infrastructure projects. The findings can be used to create a Hybrid model obtained by eliminating highly occurring failure factors in EPC and PPP projects in India.