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| Author: | Hensher, D.A. Wallis, I.P. |
| Title: | Competitive tendering as a contracting mechanism for subsidising transport: the bus experience |
| Journal: | Journal of Transport Economics and Policy
2005 : SEP, VOL. 39:3, p. 295-321 |
| Index terms: | cost effectiveness service subsidies transport costs transport |
| Language: | eng |
| Abstract: | Competitive tendering (CT) is a popular mechanism for the provision of transport services where a major objective if the containment of the cost to government of service provision. Although the primary focus is recognised as cost efficiency, whereby the cost outcome should be conditional on a given level of service, difficulties in establishing appropriate tests for service level compliance has become a cause of concern regarding the effectiveness of the CT paradigm as a value for money initiative. This article reviews the international successes and failures of CT as a subsidy reduction strategy within the bus sector, and promotes the idea of Performance Based Contracts as a way of recognising the real role of subsidy under the umbrella of a value for money objective. |
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