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  <title>The Implementation of Value for Money &#13;
Quantitative Analysis on Infrastructure &#13;
Projects in Indonesia</title>
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 <name type="Personal Name" authority="">
  <namePart>Jefry, A.</namePart>
  <role>
   <roleTerm type="text">Primary Author</roleTerm>
  </role>
 </name>
 <name type="Personal Name" authority="">
  <namePart>Permana, Andre</namePart>
  <role>
   <roleTerm type="text">Additional Author</roleTerm>
  </role>
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  <namePart>Sagita, Leni</namePart>
  <role>
   <roleTerm type="text">Additional Author</roleTerm>
  </role>
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  <place>
   <placeTerm type="text">Jakarta</placeTerm>
   <publisher>PT Penjaminan Infrastruktur Indonesia</publisher>
   <dateIssued>2018</dateIssued>
  </place>
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  <languageTerm type="code">en</languageTerm>
  <languageTerm type="text">English</languageTerm>
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  <extent>Hal. 43-54</extent>
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  <titleInfo/>
  <title>Journal of Infrastructure Policy and Management</title>
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<note>Prior to the decision of the Government to opt for PPP (Public Private Partnership) for the procurement scheme of &#13;
a  public  infrastructure  project,  it  is  necessary  to  conduct  the  Value  for  Money  (VfM)  analysis.  VfM  is  defined  by  &#13;
Moralos and Amekudzi (2008) as the optimum combination of all costs during the life cycle and the quality with the &#13;
objective to meet the demand of users. According to Pangeran (2010), VfM has only been used in a few cases where &#13;
the conventional methods, which does not taken into account the risks of the project and only focus on the financial &#13;
side, is more prevalent. Such test using conventional methods may risk on the non-optimal impact on the benefits &#13;
from a public procurement projects. In the context of procurement schemes for infrastructure projects in Indonesia, &#13;
the Government has decided use the BUMN (State-Owned Enterprise) assignment scheme to undertake the Trans &#13;
Sumatera toll road project as mandated in the Perpres (Presidential Decree) no.100/2014. This paper will review the &#13;
VfM test for Palembang Indralaya Toll Road (which is a section of the grand Trans Sumatra toll road) where the opti&#13;
-&#13;
mal VfM at 46% is generated at the BUMN assignment scheme higher than the PPP or APBN (State Budget) option.</note>
<note type="statement of responsibility"></note>
<subject authority="">
 <topic>Value for Money Analysis</topic>
</subject>
<subject authority="">
 <topic>risk, modality scheme, Trans  Sumatera Toll Road, </topic>
</subject>
<classification>NONE</classification>
<identifier type="isbn">25991086</identifier>
<location>
 <physicalLocation>Perpustakaan - Sekolah Tinggi Manajemen PPM Pusat Informasi Manajemen</physicalLocation>
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