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http://dx.doi.org/10.5345/JKIBC.2022.22.4.391

Development of Competency Evaluation Model for Public Private Partnership to Establish Strategies for Overseas Expansion  

Park, Hwan Pyo (Korea Institute of Civil Engineering and Building Technology)
Publication Information
Journal of the Korea Institute of Building Construction / v.22, no.4, 2022 , pp. 391-402 More about this Journal
Abstract
With the number of social overhead capital(SOC) projects that introduce private capital on the rise, overseas construction global companies today need to establish and advance their overseas order strategies. In this context, the purpose of this study is to develop the public private partnership(PPP) capacity evaluation model for developing countries and use it for domestic overseas construction companies to establish strategies for overseas expansion. The PPP competency evaluation model analyzes the importance of PPP competency evaluation items and infrastructure environment competency evaluation items through a review of previous studies and an interview survey with overseas construction experts. Through the above analysis results and expert surveys, problems that may occur when overseas construction companies enter the PPP market were derived, and improvement measures were proposed. Countries with a high probability of overseas construction companies entering the PPP market were determined to be those that have a mature PPP system, low risk in construction, and a good entry environment with a high infrastructure market size and growth rate. In addition, a lack of PPP investment experience, the absence of information on the infrastructure environment, and a shortage of PPP experts were identified as problems when entering the overseas construction PPP market. As an improvement measure, it was suggested to enter in cooperation with domestic and foreign companies. In addition, a plan was proposed to develop a curriculum to secure experts in areas such as PPP finance and contracts and to provide PPP information for each country. These findings are expected to contribute to overseas construction companies proposing strategies for entering the overseas construction market and using them for overseas expansion strategies and policy establishment.
Keywords
overseas construction; public private partnership; construction risk; global company; competency assessment;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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