ACHIEVEMENT OF VALUE FOR MONEY IN PPP PROJECTS BY SELECTION OF KEY PERFORMANCE INDICATORS

References: 14th International Multidisciplinary Scientific GeoConference SGEM 2014, www.sgem.org, SGEM2014 Conference Proceedings, ISBN 978-619-7105-19-3 / ISSN 1314-2704, June 19-25, 2014, Book 5, Vol. 3, 3-10 pp

ABSTRACT
Public Private Partnership (PPP) is an effective way to achieve value for money (VfM) in public projects. Evaluation of financial and non-financial performance measures in PPP bids is important to achieve VfM. Every PPP contract needs to state key erformance indicators (KPIs) which have to be measured during the lifetime of the project. They are used to set benchmarks for contractor performance. The aim of this paper is identify framework of performance management of PPP projects and criteria of selection of KPI´s for their evaluation. Based on theory and practice we selected
performance objectives and KPIs in different areas, which can be used to identify the
strengths and weaknesses of PPP projects.

Keywords: Value for Money (VfM), Key performance indicators (KPI), Public Private Partnership (PPP), performance management, balanced scorecard