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Papers by Sandeep Kudtarkar

Emerging Economies Cases Journal

The dialysis machine acts as an artificial kidney, a lifesaver for patients whose both kidneys ha... more The dialysis machine acts as an artificial kidney, a lifesaver for patients whose both kidneys have failed. But the dialysis process is physically painful and economically stressful, especially for poor patients. Even for the government the cost of providing dialysis services to poor patients is exorbitant. This is a case of the setting of the dialysis centres by the Andhra Pradesh Government in partnership with the private service provider on a public-private partnerships basis. There was a dilemma whether to do this project wholly through government budgets or forming a partnership with a private party to implement the project. The project emerged as a successful and imitable example of a public–private partnership for the rest of the country and other developing countries. Apart from being a financially sound and bankable project, efficient project management, efficient contract and risk management, vigilant monitoring by the government, sound payment mechanism and mutually benef...

The Indian Economic Journal

This article has set out to understand why a large number of public–private partnership (PPP) pro... more This article has set out to understand why a large number of public–private partnership (PPP) projects delayed stalled and terminated in the largest PPP program in India. Based on quantitative and case-study-based qualitative research, this study finds that the incomplete nature of PPP contracts, uncertainty and information asymmetry leads to adverse selection, moral hazard, opportunism and holdup of the PPP projects. The inefficacious and inequitable allocation of risks among stakeholders and lack of contract management skills in project authorities exaggerated the problems, and the final outcome is a large number of failed projects and no participation from private developers in future projects defeating the very purpose of adopting the PPP model to build public infrastructure. This study proposes a 20-point conceptual institutional framework suggesting policy and project-level measures for effective execution of the future PPP program in India and developing countries with simila...

Management Accountant, 2021

The perception of word “quality” is different for different people. But largly quality is synonym... more The perception of word “quality” is different for different people. But largly quality is synonymous to excellence, value to customer, conformance to specifications and standards, conformance to requirements, fitness for use, and ultimately to customer satisfaction. Total Quality Management (TQM) refers to company-wide quality assurance from suppliers to customers using system approach of documented sets of procedures and control of process variability in a team sprit with top management commitment. TQM makes entire organization to rethink and rework its existing systems, processes, culture, communication and customer care with a view to transforming the organization to enable it to cope with the changing context of global competition and become people driven, customer focused and quality commited organization. Deming Awards are termed as the Nobel Prize in the world of manufacturing. The Japanese Union of Scientists and Engineers (JUSE) Started the Deming prize in1951. Initially, t...

Indian Journal of Finance and Banking, 2020

The goal of this study is to examine the failure of operational public-private partnership (PPP) ... more The goal of this study is to examine the failure of operational public-private partnership (PPP) infrastructure projects in India. The case study based analysis is done of eleven operational PPP projects from infrastructure subsectors like roads, metro rail, seaports, and power projects to investigate various risks faced during the life cycle of projects. The construction risks like land acquisition delay, change in scope, delay in financial closure resulting in time and cost overrun, revenue risk of not getting adequate revenue during operation phase and legal disputes between the authority and the concessionaire are prominent risks observed in these projects. Mitigating these risks through efficient life cycle contract management and appropriate allocation of risk creates adequate risk-adjusted financial returns to the private developers and value for money for the government. The study concludes that failure in contract and risk management in case of the majority of operational p...

Emerging Economies Cases Journal

The dialysis machine acts as an artificial kidney, a lifesaver for patients whose both kidneys ha... more The dialysis machine acts as an artificial kidney, a lifesaver for patients whose both kidneys have failed. But the dialysis process is physically painful and economically stressful, especially for poor patients. Even for the government the cost of providing dialysis services to poor patients is exorbitant. This is a case of the setting of the dialysis centres by the Andhra Pradesh Government in partnership with the private service provider on a public-private partnerships basis. There was a dilemma whether to do this project wholly through government budgets or forming a partnership with a private party to implement the project. The project emerged as a successful and imitable example of a public–private partnership for the rest of the country and other developing countries. Apart from being a financially sound and bankable project, efficient project management, efficient contract and risk management, vigilant monitoring by the government, sound payment mechanism and mutually benef...

The Indian Economic Journal

This article has set out to understand why a large number of public–private partnership (PPP) pro... more This article has set out to understand why a large number of public–private partnership (PPP) projects delayed stalled and terminated in the largest PPP program in India. Based on quantitative and case-study-based qualitative research, this study finds that the incomplete nature of PPP contracts, uncertainty and information asymmetry leads to adverse selection, moral hazard, opportunism and holdup of the PPP projects. The inefficacious and inequitable allocation of risks among stakeholders and lack of contract management skills in project authorities exaggerated the problems, and the final outcome is a large number of failed projects and no participation from private developers in future projects defeating the very purpose of adopting the PPP model to build public infrastructure. This study proposes a 20-point conceptual institutional framework suggesting policy and project-level measures for effective execution of the future PPP program in India and developing countries with simila...

Management Accountant, 2021

The perception of word “quality” is different for different people. But largly quality is synonym... more The perception of word “quality” is different for different people. But largly quality is synonymous to excellence, value to customer, conformance to specifications and standards, conformance to requirements, fitness for use, and ultimately to customer satisfaction. Total Quality Management (TQM) refers to company-wide quality assurance from suppliers to customers using system approach of documented sets of procedures and control of process variability in a team sprit with top management commitment. TQM makes entire organization to rethink and rework its existing systems, processes, culture, communication and customer care with a view to transforming the organization to enable it to cope with the changing context of global competition and become people driven, customer focused and quality commited organization. Deming Awards are termed as the Nobel Prize in the world of manufacturing. The Japanese Union of Scientists and Engineers (JUSE) Started the Deming prize in1951. Initially, t...

Indian Journal of Finance and Banking, 2020

The goal of this study is to examine the failure of operational public-private partnership (PPP) ... more The goal of this study is to examine the failure of operational public-private partnership (PPP) infrastructure projects in India. The case study based analysis is done of eleven operational PPP projects from infrastructure subsectors like roads, metro rail, seaports, and power projects to investigate various risks faced during the life cycle of projects. The construction risks like land acquisition delay, change in scope, delay in financial closure resulting in time and cost overrun, revenue risk of not getting adequate revenue during operation phase and legal disputes between the authority and the concessionaire are prominent risks observed in these projects. Mitigating these risks through efficient life cycle contract management and appropriate allocation of risk creates adequate risk-adjusted financial returns to the private developers and value for money for the government. The study concludes that failure in contract and risk management in case of the majority of operational p...