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A Study on the Evaluation Model to Select Public-Private Partnership Development Project

  • Korea Real Estate Review
  • 2011, 21(1), pp.73-109
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

Jaehwan Kim 1 Sangyoub Lee 1

1건국대학교

Accredited

ABSTRACT

One of the most representative types of mix-used developments, private-public partnership development project invites private contractors to a public project. It’s most important task is to select the right contractor. Such a project does not end with the selection of a contractor by the owner; it needs both the owner and contractor to participate even in the operation and management after the completion of the project. That is why it requests a different way of selecting a contractor than the old public projects. Thus this study organized the areas of evaluation that reflected the intentions of both the owner and the participants in the selection process of a contractor for private-public partnership project financing, identified the items and elements for each area of evaluation, and came up with the following researches on a set of rational criteria for the selection of a contractor:According to result, first, the highest in public good, which was newly added, in the seven areas of evaluation and offered the ripple effects on the local economy in cost-benefit analysis. When the analysis results of each model were restricted to development and construction plans, the development plans of classification systems recorded high importance in overall development conception of the evaluation items and differentiation (creativity) of development ideas of the evaluation items. Second, research suggested the relative importance of points based on the evaluation classification system of each of the project types. Finally, suggested in the study was a custom-made evaluation model by expressing the confirmation degree of the items of the evaluation areas in the language variables by the users so that they could use it in the field. The findings indicate that the users can use the evaluation model as a priority-based means for decision making.

Citation status

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