COST OVERRUNS IN PUBLIC INFRASTRUCTURE PROJECTS : RE-EVALUATING PROCUREMENT IN AN ERA OF DIGITIZATION

@inproceedings{Love2017COSTOI,
  title={COST OVERRUNS IN PUBLIC INFRASTRUCTURE PROJECTS : RE-EVALUATING PROCUREMENT IN AN ERA OF DIGITIZATION},
  author={Peter E. D. Love and Jackie Smith and Melanie Regan},
  year={2017}
}
A case study is used to examine the cost performance of 67 public sector infrastructure projects delivered by a contractor. Change orders were found to contribute to a 23.75% increase in project costs. A positive association between an increase in change orders and the contractor’s margin was identified. Taxpayers pay for this additional cost, while those charged with constructing assets are rewarded with an increase in their margins. As the public sector embraces an era of digitization, there… CONTINUE READING

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