Life cycle contracts: opportunities and risks of using in the framework of public–private partnership in Ukraine
Journal Title: Формування ринкових відносин в Україні. Збірник наукових праць - Year 2019, Vol 4, Issue 4
Abstract
The subject of the research is the methodological and practical aspects of using life cycle contracts as part of a public–private partnership in Ukraine. The purpose of writing this article is to determine the possibilities of applying life cycle contracts within the framework of a public–private partnership for the development of production infrastructure. The methodology of the work – a systematic and institutional analysis (to justify the economic nature of life cycle contracts); scenario modeling (to determine the advantages and disadvantages of KCC for the state and business) of economic analysis (when making comparisons of KCC with government purchases). Results of work – a comparative analysis of life–cycle contracts and government procurement was carried out, which made it possible to determine the pros and cons of life–cycle contracts for its participants. An analysis of the risks and benefits of the use of life cycle contracts for the state and business has been made, and recommendations have been made on their use in Ukraine. Conclusions – over the past decade, life cycle contracts have become a very popular form of interaction between the public and private sectors in developed countries. Foreign experience shows that the use of life cycle contracts is most justified in infrastructure industries. This practice is related to the fact that the life cycle of infrastructure facilities in a harmonious manner meets the interests of the parties to life cycle contracts in terms of financing terms, payback, creation and operation of facilities.
Authors and Affiliations
I. K. CHUKAEVA
Keywords
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- EP ID EP593140
- DOI 10.5281/zenodo.3245061
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