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on Project, Program and Portfolio Management |
| By: | De Silva, Dakshina G. (Lancaster University); Dunne, Timothy (Federal Reserve Bank of Atlanta); Kosmopoulou, Georgia (University of Oklahoma); Lamarche, Carlos (University of Kentucky) |
| Abstract: | This paper examines bidding behavior in a setting where post-bid-letting project modifications occur. These modifications change both the costs and payouts to the winning contractor, making the contract incomplete. Recent empirical research shows that bidders incorporate the likelihood of such changes in contracts into their bidding strategies. In particular, contractors may adjust bids to compensate for renegotiation, resequencing of tasks, and other costs associated with project modifications. This paper extends this literature by examining bidding behavior and project modifications in Texas, where there has been a significant shift in change order policy. Specifically, Texas sharply reduced its spending on change orders starting in the mid-2000s. In the period before the change in policy, we estimate that project modifications raised bidder costs by 4 percent to 6 percent. In the period after the change in policy, the impact of project modifications on bidder costs is estimated to be closer to 1 percent. |
| Keywords: | procurement auctions; incomplete contracts |
| JEL: | D4 L1 L2 |
| Date: | 2015–12–01 |
| URL: | http://d.repec.org/n?u=RePEc:fip:fedawp:2015-14&r=ppm |
| By: | Isabella Alloisio (Fondazione Eni Enrico Mattei (FEEM) and Centro Euromediterraneo sui Cambiamenti Climatici (CMCC)); Alessandro Antimiani (INEA); Simone Borghesi (University of Siena and Fondazione Eni Enrico Mattei (FEEM)); Enrica De Cian (Fondazione Eni Enrico Mattei (FEEM) and Centro Euromediterraneo sui Cambiamenti Climatici (CMCC)); Maria Gaeta (Studies and Strategy Unit, ENEA); Chiara Martini (Energy Efficiency Unit, ENEA); Ramiro Parrado (Fondazione Eni Enrico Mattei (FEEM) and Centro Euromediterraneo sui Cambiamenti Climatici (CMCC)); Maria Cristina Tommasino (Studies and Strategy Unit, ENEA); Elena Verdolini (Fondazione Eni Enrico Mattei (FEEM) and Centro Euromediterraneo sui Cambiamenti Climatici (CMCC)); Maria Rosa Virdis (Studies and Strategy Unit, ENEA) |
| Abstract: | The Deep Decarbonization Pathways Project (DDPP), an initiative of the Sustainable Development Solutions Network (SDSN) and the Institute for Sustainable Development and International Relations (IDDRI), aims to demonstrate how countries can transform their energy systems by 2050 in order to achieve a low-carbon economy and significantly reduce the global risk of catastrophic climate change. Built upon a rigorous accounting of national circumstances, the DDPP defines transparent pathways supporting the decarbonization of energy systems while respecting the specifics of national political economy and the fulfillment of domestic development priorities. The project comprises 16 Country Research Teams, composed of leading research institutions from countries representing about 70% of global GHG emissions and at very different stages of development. These 16 countries are: Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, South Africa, South Korea, the United Kingdom, and the United States. “Pathways to Deep Carbonization in Italy” contributes to the national debate on climate-change mitigation, and the importance of deep decarbonization, by examining three alternative pathways that could reduce Italian CO2 emissions by at least 40% in 2030 and 80% in 2050, compared to 1990. It analyzes the challenges the Italian energy system faces, and possible future technological developments that will need to be pursued. |
| Keywords: | Decarbonization, Low-carbon Economy, Climate Change |
| JEL: | Q4 Q5 |
| Date: | 2015–09 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2015.80&r=ppm |
| By: | - (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations) |
| Abstract: | The purpose of this document is to introduce broad guidelines on how to develop bankable Aid for Trade (AfT) projects and programmes and successfully position these within the AfT initiative, taking into account current perspectives and requirements of key AfT development partners. The guide aims to enable the systematic analysis of the constraints to trade for a country/region, the identification of needs, and the formulation of project and programme proposals that are ‘bankable’ and ready to be presented to development partners for funding under the broad umbrella of AfT. |
| Date: | 2014–08 |
| URL: | http://d.repec.org/n?u=RePEc:ecr:col022:37043&r=ppm |
| By: | Williams, Robert Crane (Comisión Económica para América Latina y el Caribe (CEPAL) United Nations) |
| Abstract: | This document was adapted from a paper originally presented to the 8th Annual Caribbean Conference of Comprehensive Disaster Management, held in Montego Bay, Jamaica in December, 2013. It summarizes several activities that ECLAC has undertaken to assess the current state of information and communications technology (ICT) in the field of disaster risk management (DRM) as practiced in the Caribbean. These activities included an in-depth study that encompassed a survey of disaster management organizations in the region, an Expert Group Meeting attended by the heads of several national disaster offices, and a training workshop for professionals working in DRM in the Caribbean. One of the notable conclusions of ECLAC’s investigation on this topic is that the lack of human capacity is the single largest constraint that is faced in the implementation of ICT projects for DRM in the Caribbean. In considering strategies to address the challenge of limited human capacity at a regional level, two separate issues are recognized – the need to increase the ICT capabilities of disaster management professionals, and the need to make ICT specialists available to disaster management organizations to advise and assist in the implementation of technology-focused projects. To that end, two models are proposed to engage with this issue at a regional level. The first entails the establishment of a network of ICT trainers in the Caribbean to help DRM staff develop a strategic understanding of how technology can be used to further their organizational goals. The second is the development of “Centres of Excellence” for ICT in the Caribbean, which would enable the deployment of specialized ICT expertise to national disaster management offices on a project-by-project basis. |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:ecr:col095:38559&r=ppm |