IIARD International Institute of Academic Research and Development

INTERNATIONAL JOURNAL OF ECONOMICS AND FINANCIAL MANAGEMENT (IJEFM )

E-ISSN 2545-5966
P-ISSN 2695-1932
VOL. 2 NO. 4 2016

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Infrastructure Provisioning: An Overview of Procurement Approaches and Mechanisms for Effective Costing.

D. O. Mac-Barango (Ph.D)

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Abstract

The research embarks on revealing the basic approaches and mechanisms that enhance efficient and effective cost management of infrastructure projects delivery. Using management control cycle, as a guide and appropriate case studies as illustrations, it elucidates the various phases of typical construction schemes, adopting the traditional as well as other contemporary public private approaches and the appropriate cost management techniques. The paper also spotlights essential steps that enhance financial and cost management models of public-private procurement options as value adding initiatives for infrastructure delivery. The research concludes that adopting essential steps of management control cycle and a framework for best practices can significantly improve the success rate of infrastructure delivery and thus a concomitant cost reduction. The research recommends as follows that reasonable and adequate time be spent at the conception stage on planning and analytics of variables, which influence the cost of infrastructure delivery. Deliberate and conscientious efforts are focused on providing answers to some pertinent issues. What management technique best suits specific infrastructure delivery. Does the procurement method suit the infrastructure type, amidst other variables. The project teams to explore the possible integration and benefits of an articulated templates and frameworks of best practices for infrastructure provisioning.

keywords:

Infrastructure Provisioning, Traditional Approach, Public-Private Initiatives, Cost Management Systems, Best Practices

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