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Operations and Maintenance (O&M): A Comparative Analysis of the Cost-Efficiency of Public Private Partnerships (P3s) and Conventional Project Delivery Model
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2023-11-29
[PDF-1.03 MB]
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Edition:Draft Final Report 1/25/2022 – 6/30/2023
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Abstract:This research project aimed to assess the operation and maintenance (O&M) performance of privately and publicly operated highway projects while exploring the validity of the Public-Private Partnership (P3) model's purported life-cycle benefits. Following a comprehensive methodology outlined in Chapter 2, the study identified 42 projects with O&M expenditure data. These findings were then consolidated into a database, allowing for an analysis of differences and similarities in the reporting of O&M elements across the identified projects. This analysis revealed inconsistency in the reporting of O&M costs. There is a total of 77 distinct elements reported within the projects' OpEX categories, many of which are nearly identical or fall under other broader categories. While detailed financial reporting is commendable for transparency, the lack of consistency poses challenges for any research endeavor seeking to compare the O&M performance of infrastructure assets.
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