Do Payment Delays in Cross-Border PPP Projects Quietly Add 10–20% to Infrastructure Costs?
Throughout the building sector, it is generally understood that sluggish validations and delayed partial payments can easily raise project expenses by 10–20%, particularly within public-private partnership – or PPP – agreements which include several nations. In Kenyan-EU infrastructure projects, these increases are seldom the result of inadequate work by the contractor. Rather, they...