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Journal Cover Engineering Management Reviews
  [1 followers]  Follow
  This is an Open Access Journal Open Access journal
   ISSN (Print) 2326-5876 - ISSN (Online) 2326-5884
   Published by Science and Eng Pub Co. Homepage  [45 journals]
  • Research on Value for Money Assessment of Investment Project Based on PPP

    • Abstract: Research on Value for Money Assessment of Investment Project Based on PPP Mode
      Pages 35-47
      Author Yifei LaiJinqiu Xi
      Investment in infrastructure construction has always played an important role in China's economic development. With the rapid development of the national economy, the increasing disposable income of the residents, the increasing social demand, the increasing demand for infrastructure construction and service efficiency, the contradiction between the high debt of financing platform and the low efficiency of the public supply in the traditional investment model has become increasingly violent. It is difficult to meet the demand. Through the PPP model, social capitals introduce to participate in investment, construction and operation, to make up for the funding gap of local government infrastructure construction. Meanwhile, the introduction of market competition and incentive and restraint mechanisms can improve the efficiency and quality of public goods, which can bring better and more convenient public services. However, the motivation of the government departments to use PPP mode for the procurement is its value for money, which is the purpose and significance of the use of PPP model. However, it does not take seriously that PPP mode under what circumstances should apply in China's public construction. The value for money of PPP mode is an important basis for the government to choose the procurement mode. Through the literature review, this paper studies the commonly used value - for - money theory abroad, elaborates its evaluation process and validates the feasibility of the value - for - money method through the empirical analysis of the case.
      PubDate: 2017-12
  • Research on Value-for-money (VFM) Evaluation Method of PPP Project

    • Abstract: Research on Value-for-money (VFM) Evaluation Method of PPP Project
      Pages 48-56
      Author Yifei LaiMinhal Raz
      The PPP project is a mode of operation of government and social capital. Value for money is a technical means for government to evaluate whether to use PPP instead of traditional procurement mode to provide infrastructure and public services, and to provide scientific basis for government procurement of projects. , Thereby improving the level of government decision-making. In this paper, based on the introduction of the value-for-money theory, this paper analyzes and discusses the two methods of cost-benefit analysis and public sector reference standard comparison method, and introduces its application status and prospect in the world, to provide the theoretical guidance for the future development and its application.
      PubDate: 2017-12
School of Mathematical and Computer Sciences
Heriot-Watt University
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