Turnkey Procurement: Opportunities and Issues

摘要

The report discusses several innovative procurement methods which involve greaterprivate sector participation in the planning, engineering, construction, operation and financing of mass transit fixed guideway systems. These methods are designed to contain the cost and risk factors of such projects, by sharing the responsibilities for these factors between public and private interests. The report covers the following innovative procurement methods: Turnkey, Super Turnkey, Build-Operate-Transfer, Build-Transfer-Operate, Franchises and others. It also identifies experiences and issues in the application of these innovative procurement methods.