Bidding For Concessions
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Bidding For Concessions
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Author : Michael Klein
language : en
Publisher: World Bank Publications
Release Date : 1998
Bidding For Concessions written by Michael Klein and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Auctions categories.
En la última década ha sido práctica común la privatización de empresas gestoras de infraestructura, en sectores como el del transporte, las telecomunicaciones, la energía y el agua. Muy a menudo se adjudican a empresas privadas franquicias monopolistas, mediante concesiones a largo plazo. En este trabajo se analizan aquellas cuestiones relacionadas con el diseño de estos contratos de concesión y su adjudicación a empresas privadas.
Bidding For Concessions
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Author : Michael Klein
language : en
Publisher:
Release Date : 2012
Bidding For Concessions written by Michael Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Infrastructure concession contracts set out the performance obligations and rights of concessionaires and the incentives and risks under which they operate, including pricing arrangements. The clarity with which these terms can be defined determines whether there is likely to be renegotiations after contract award, which may undermine the significance of the initial auction. The design of incentives and risk allocation will affect first the intensity of competition and then the sustainability of the original contract. This Note examines these issues.
Bidding For Concessions
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Author : Michael U. Klein
language : en
Publisher:
Release Date : 2016
Bidding For Concessions written by Michael U. Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
When privatization transforms a public infrastructure monopoly into a private one by means of a long-term concession agreement, how should concession contracts be designed and awarded?In the past decade it has become popular to privatize infrastructure ventures in such sectors as energy, telecommunications, transport, and water. For good reasons or bad, private firms are often given monopoly franchises through long-term concession agreements (for example, build-operate-transfer schemes).Klein surveys issues associated with the design of such concession contracts and their award to private parties. The discussion focuses on:- Contract design (what is to be awarded).- Whether to use competitive bidding or negotiation to make the award.- How to structure competitive bidding.- Who conducts the auction and who monitors the concessionaires` performance.To encourage efficient performance and to minimize post-award renegotiation, it is crucial to consistently and comprehensively define performance specifications and the parameters of incentives and risk-sharing. As a rule the concession award should be made competitively, unless there are good reasons to do otherwise, such as excessive transactions costs (for the size of the contract) or special requirements for speed or innovation.Typically, competitive concession awards are made by first-price sealed bids. In a number of cases, however, there are strong arguments for open auctions. Concessions may also be re-awarded by way of auction, although somewhat arbitrary bid preferences may have to be set.Auctioneers for complex concession contracts should operate at arm's length from all interested parties, including politicians. It may make sense to let independent agencies that regulate the concession scheme run the auction.This paper - a product of the Private Participation in Infrastructure Division, Private Sector Development Department - s part of a larger effort in the department to analyze issues on private participation in infrastructure. The author may be contacted at [email protected].
Designing Auctions For Concessions
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Author : Michael Klein
language : en
Publisher:
Release Date : 2012
Designing Auctions For Concessions written by Michael Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Once a government has decided to award a concession by auction, it needs to decide what kind of auction to use. For concessions the standard is a first-price sealed bid auction in which bidders submit sealed envelopes containing their offer and the highest offer determines the price. The bidding may occur in one or two stages. In two-stage bidding the technical parameters of the bids are made comparable in the first stage, and only the main offer on the core bid parameter is submitted in the second. The main offer may relate to a price, a level of subsidy, a payment for net worth, or any other appropriate parameter; the discussion in this Note focuses on price.
Forest Concession Policies And Revenue Systems
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Author : John Andrew Gray
language : en
Publisher: World Bank Publications
Release Date : 2002-01-01
Forest Concession Policies And Revenue Systems written by John Andrew Gray and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Political Science categories.
Forest concessions have been an important element of forestry and forest management in many countries, including developing countries. However, if sustainable management of tropical forests is to be achieved and deforestation brought under control, the allocation, management, and supervision of forest concessions will need to be strengthened. This study examines the failures of forest concessions over the last 20 years, and highlights the potential gains resulting from concentrating on improving procedures, introducing performance incentives, and monitoring key performance elements.
Government Concession Contracts In Chile
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Author : Ricardo Paredes M.
language : en
Publisher:
Release Date : 2003
Government Concession Contracts In Chile written by Ricardo Paredes M. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Chile categories.
Granting And Renegotiating Infrastructure Concessions
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Author : J. Luis Guasch
language : en
Publisher: World Bank Publications
Release Date : 2004-01-01
Granting And Renegotiating Infrastructure Concessions written by J. Luis Guasch and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Business & Economics categories.
During the 1990s, infrastructure concessions were hailed as the solution to Latin America's endemic infrastructure deficit, by combining private sector efficiency with rent dissipation brought about by competition. This publication examines the design and implementation of over 1,000 examples of concession contracts, in order to identify the problems that have occurred in the process. It goes on to highlight lessons to be learned for the future, in order to realise the potential benefits of infrastructure reform and to contribute to economic growth and poverty reduction.
Concessions For Infrastructure
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Author : Michel Kerf
language : en
Publisher: World Bank Publications
Release Date : 1998-01-01
Concessions For Infrastructure written by Michel Kerf and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-01-01 with Political Science categories.
This paper examines the increased role of the private sector in developing and maintaining critical infrastructure. It identifies governments' quest to shift part of the burden of new infrastructure investments to the private sector for the economic development of firms and industry and the improvement of quality of life and, given the constraints on public budgets, to finance growing infrastructure needs. Adequate infrastructure services include power, telecommunications, transport, water supply and sanitation. The paper also emphasizes the private sector involvement in bringing increased efficiency to investment and management and operation.
Bidding For Private Concessions
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Author : World Bank. Resource Mobilization and Cofinancing. Office of the Vice President
language : en
Publisher:
Release Date : 1998
Bidding For Private Concessions written by World Bank. Resource Mobilization and Cofinancing. Office of the Vice President and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Concessions categories.
Infrastructure Concessions
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Author : Michael Klein
language : en
Publisher:
Release Date : 2012
Infrastructure Concessions written by Michael Klein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Should a conceding authority auction off or negotiate a contract for an exclusive private infrastructure deal? Advocates of negotiation often argue that a formal competition may take too much time, that the costs of preparing bids may be excessive, and that innovation may be discouraged. But proponents of competitive bidding argue that there are ways to address theses concerns without sacrificing the bidding process. Moreover, they argue, competition may yield a better deal for the conceding authority and enhance the transparency of the process, making the transaction more politically sustainable. This Note examines the arguments.