Organizational Implications for Financing Constructed Facilities

by Chris Hendrickson, Carnegie-Mellon Univ, Dep of Civil, Engineering, Pittsburgh, PA, USA,
Tung Au, Carnegie-Mellon Univ, Dep of Civil, Engineering, Pittsburgh, PA, USA,



Document Type: Proceeding Paper

Part of: Managing Finances

Abstract:

The ownership arrangements for constructed facilities not only can generate the capital for new facilities but also will influence the management of the construction and operation of these facilities. While it is difficult to conclude definitely that one or another organizational or financial arrangement is always superior, different organizations have systematic implications for the ways in which constructed facilities are financed, designed and constructed. This paper discusses some of these systematic differences, particularly with regard to public versus private organizations.

Subject Headings: Organizations | Financial management | Construction management | Public private partnership | Infrastructure construction | Financing | Construction engineering

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