Public private partnerships (PPPs) are procurement models used in the provision of public infrastructures and involving private, as opposed to public, finance. The PPP model differs from the traditional public procurement model in this sense and in the unprecedented degree to which the private sector is involved. All things being equal, the rationale for choosing a PPP instead of a traditional public procurement model is if it provides a better Value for Money. As a result, a crucial issue to address is to find the key drivers of Value for Money in PPP projects and most importantly, to analyze the relationships between those key drivers and the complex notion of Value for Money. This study is based on a large overview of the literature together with contributions of informal interviews and my own opinions. Emphasis is put on the importance of risk management from financiers’ perspective and its consequences on Value for Money. The findings highlight the current problems in the Value for Money assessment that make the analysis hardly reliable. Good and bad practices in Value for Money assessment are discussed and potential solutions and guidance toward more Value for Money are provided.

Partnerships of private and public sectors in form of so-called PPP can be assumed for modern and efficient instrument for public services provision under certain conditions. Its optimal functioning is connected with many assumptions -- for example rigorous implementation of value of money concept and complying with international best practice together with national specifics reflection. Key aspect of PPP is risk allocation which is also the main generator of abovementioned value for money. The paper pursues to PPP definition, its basic types, principles, advantages and potential threats. The emphasis is put on identification, reflection and management of risks in PPP framework, which can be connected with lower level of transparency and many hampers for reliable value for money achievement demonstration (in comparison with classic public procurement). Paper tries to illustrate main features of the most common methods used for risk adjustment in PPP. There are used and described methods coming from Victoria Partnership, MFSR and Treasury UK methodologies. The most important parameters of financial model used for investment decision-making and following project management and their specificities in the Czech Republic are mentioned. Separate chapter of diploma paper is devoted to PPP recording in government finance statistics and government and debt impacts especially in ESA 95 and GFSM 2001 methodologies. Also issues connected with PPP recording in government and financial crisis are mentioned. The final part of paper illustrates main features of the actual largest considered project D3/R3.

nÃo hà / Infraestrutura adequada à condiÃÃo essencial para o crescimento de qualquer paÃs, sobretudo em paÃses em desenvolvimento, como o Brasil, que alÃm de significativas restriÃÃes fiscais possui larga extensÃo territorial. PaÃses que enfrentaram este tipo de problema encontraram como alternativa para o seu desenvolvimento o parceiro privado, que ao longo do tempo participou atuando de diferentes formas neste processo. Muitas foram Ãs experiÃncias adotadas na busca por melhoria e viabilidade de investimentos para a oferta de serviÃos pÃblicos. O presente trabalho faz um rÃpido relato dessa evoluÃÃo e se detÃm de forma mais especÃfica na nova modalidade de contrataÃÃo por meio da Parceria PÃblico-Privada, em que o pÃblico busca um aumento da eficiÃncia e eficÃcia em seus serviÃos. Aborda os processos envolvidos para os estudos de modelagem, utilizando ou nÃo o Procedimento de ManifestaÃÃo de Interesse, bem como o enquadramento e anÃlise da conveniÃncia e oportunidade por meio do Value for Money. Apresenta e analisa a experiÃncia do Governo do Estado do Cearà na elaboraÃÃo, execuÃÃo e monitoramento do projeto da Arena CastelÃo implantado, identificando seus aspectos positivos e negativos. / Adequate infrastructure is essential for the growth of any country, especially in developing countries such as Brazil, which in addition to significant fiscal constraints has large territorial extension. Countries that have faced this type of problem found as an alternative for its development the private partner, which over time took acting in different ways in this process. Many experiments have been adopted in the search for improvement and investment feasibility for the provision of public services. The present study is a quick account of this evolution and hold more specifically in the new mode of contracting through the Public- Private Partnership, in which the public seeks to improve the efficiency and effectiveness of their services through this modality. Discusses the processes involved for modeling studies, using or not the Expression of Interest Procedure as well as the framework and analysis of convenience and opportunity through Value for Money. Presents and analyzes the experience of the State of Cearà in the preparation, implementation and monitoring of the project implanted Arena CastelÃo, identifying their strengths and weaknesses.

This Diploma Thesis deals with Public Private Partnerships (PPP) projects in transportation area in the conditions of the Czech Republic. Theoretical part of the Thesis describes basic rules of project finance, as an elementary part of each PPP project, as well as analyzes key economic, legal, tax and accounting aspects of the PPP projects within the Czech Republic. Practical part of the Thesis describes the development of PPP projects in the whole Europe. Current pilot PPP projects in the Czech Republic are also analyzed. Real PPP project, D3 highway, and its economic availability are being analyzed and evaluated in the final part of the Thesis.

PPP is a generally accepted way of ensuring public services or public infrastructure on the basis of long-term contractual relationship, where public and private sectors share mutual benefits and risks resulting from the effort to secure the public infrastructure or public services . According to the current financial crisis, I think that the issue of PPP projects will be more important not only in the area of the Czech republic, but also in the whole world. The public sector is for the private partner reliable contractual partner. In a situation where is a lack of orders, we can expect that implementation of PPP projects will increase. Any PPP project was successfully completed in the Czech republic, the reason can be insufficient information, political and legislative support.

Background - Generation Z is the future larger group of consumers. Members of thisgeneration are key in the strategy of brands to remain competitive in the long-term. Buttheir loyalty is more difficult to get compared to other generations. It is assumed that itis linked to their specific expectations and the way brands handle them. Thus, theobjective of this study is to determine the real influence of these particular expectationson the two dimensions of Gen Z brand loyalty, attitudinal and behavioural.Method - Several hypotheses about the relationships between attitudinal loyalty,behavioural loyalty, ethical position, omnichannel experience, value for money,entertaining content and authenticity have been made. To confirm them, a questionnairetargeting French Gen Z and focusing on fashion brands has been sent via social mediaand answered by 150 respondents.Findings - The results of linear regressions show that value for money has a positiveinfluence on both attitudinal and behavioural loyalty. Also, omnichannel experienceinfluences behavioural loyalty positively while entertaining content influencesattitudinal loyalty positively. On the contrary, entertaining content has a negative impacton behavioural loyalty. So attitudinal loyalty as a moderating effect as its influence onbehavioural loyalty is positive. Ethical position and authenticity did not show anysignificant results.Conclusions - Value for money, omnichannel experience and entertaining content areespecially important to consider when it comes to Gen Z loyalty. Quite the reverse,ethics and authenticity are not as essential as suggested by many researchers andmarketers. Beyond this, the study contributes to knowledge by proving that brandloyalty should not be considered as a unit but as a multi-dimensional concept. Gen Zexpectations do not have the same influence on attitudinal and behavioural loyalty somarketers should be aware of that when building their strategy.

The study aimed at describing patients’ satisfaction with health care services provided in the city of Johannesburg. The research sample consisted of adult male and female patients who visited region E clinics for health services. Questionnaires were used to collect data and descriptive statistics for data analysis. Findings indicated that patients were generally satisfied with health care services provided. Recommendations included ongoing staff training to improve quality of health care and public information and education campaigns to foster community awareness and understanding of health services, develop a sense of ownership thereof, and encourage positive participation. / Health Studies / M.A. (Health studies)

鑒於財政負擔加重以及對政府服務效率之檢討，歐美各國逐步發展出以民間融資創建 (Private Finance Initiative, PFI) 之方式提供公共服務。為判斷由政府自辦或PFI 何者較具效益，英國政府提出公帑節省價值 (Value for Money, VfM) 評估。經考量專案全生命週期之成本，並調整風險與折現後，若公私協力較政府自辦在相同服務水準下所需成本較少，則稱其具備VfM。公私協力主要效益之一在於將部分建造及營運之風險由政府移轉予民間。因此，如何量化可移轉之風險對VfM的評估結果影響甚鉅。英國提出以「樂觀偏誤」 (optimism bias, OB) 量化由政府自辦須承擔的追加預算、延遲完工或利益短少之風險，並委託 Mott MacDonald 研究過去重大公共採購案件，得出樂觀偏誤之參考值，提供評估者合理估算樂觀偏誤的基準。本文研究英國的評估方式及經驗，針對 Mott MacDonald 之研究方法作進一步研討。接著以臺灣機場捷運建設案為例，計算其樂觀偏誤，並嘗試運用 Mott MacDonald 之研究方法加以分析。最後探討 Mott MacDonald 之研究方法在臺灣運用的適切性，且對樂觀偏誤之研究方法提出建議。

英國針對像道路、國防及學校這種些自償率很低的公共建設，發展出PFI模式，以深化、廣化民間參與公共建設之政策。不同於BOT模式之民間廠商向使用者收取費用以收回其興建及營運成本，PFI模式下之特許廠商係根據其績效表現與合約的符合程來向政府收取均付款費用，以回收其興建及營運成本。英國強調，並非所有專案皆適合以PFI模式辦理，僅在專案通過三階段的評估，證明具有公帑節省之價值（value for money, VfM）時，方得採用PFI模式辦理。 臺灣大學之學生和家長對於現有的學生宿舍過於老舊、擁擠、軟硬體設施不足及安全問題一直有所垢病。故台灣大學遂與太子建設公司合作興建BOT學生宿舍並加強整修工程，期能解決現有學生宿舍的問題。本研究先分別模擬政府自建及BOT模式，再計算「風險調整後之公部門比值」與「PFI模式下之相關成本」，並將此兩項數值進行比較，以檢視臺大學生宿舍若以PFI模式興建是否具有「公帑節省之價值」。其結果顯示，若以PFI模式興建臺灣大學學生宿舍，則具有約29.13億之「公帑節省之價值」，即可為臺大校園節省約29.13億之成本，故臺大學生宿舍採PFI模式興建具有可行性。

The thesis explains the formation of the PPP project feasibility study as an essential document in the preparatory phase of the project lifecycle. Its closer focus is on the economic evaluation of the investment project implementation using the PPP compared to the implementation using public procurement. The practical part refers to a specific example of calculating of the public sector comparator that is compared with the referential project and a value of money is determined as an indicator of profitability of both forms of implementation.