• Title/Summary/Keyword: Private Construction Project

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Development of Business Model for Partnership Support Management (PSM) in Private Infrastructure Projects (민간투자사업 파트너쉽지원관리(PSM) 업무모델 개발)

  • Jung, Pyung Ki;Baek, Hyeon Gi;Seo, Jong Won
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.1D
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    • pp.99-109
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    • 2011
  • In order to maintain construction industry and to improve efficiency, the Korean government legislated private investment system. Private sector takes advantages by adopting CM (Construction Management) project system, however, public sector has relatively less capability and experience than private sector. In this paper, PSM (Partnership Support Management) is addressed in order to actively strengthen the project capabilities for public sector. PSM maintains existing CM project system because it is a concept of expended business model of CM. PSM needed to categorize the private participated project into 5 phases; project development phase, project announcement phase, project evaluation phase, project agreement phase and agreement changing phase. PSM business structure and business process considering stakeholder's interrelationship and participation are suggested in this research. Suggested PSM business model may not only increase a comprehensive understanding of government and project capability, but also may reduce work load and responsibilities for project momentum of private participation in infrastructure.

Improvement Factors of Promoter Selection Evaluation Criteria for Build-Transfer-Lease Private Participation in Infrastructure Projects (BTL사업의 사업시행자 평가기준 개선 요인 분석)

  • Shin, Hyun-In;Park, Tae-Keun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.310-316
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    • 2006
  • Since 'Act on Private Participation in Infrastructure' were changed in January 2005, BTL(Build-Transfer-Lease) projects of Private Participation in Infrastructure was introduced in the domestic construction market for the purpose of providing public facilities with the public. Selecting the most qualified Promoter should be considered discreetly in BTL projects because BTL projects is for projects with approximately thirty year project life cycle, plan, construction, operating, maintenance and obviously the success of the project totally depends on the capability and role of Promoter. However, score for cost is likely to influence selecting Promoter to take the project. Accordingly, low bid contract with too much competition could decrease the quality of the construction plan and operating plan. Thus, this study did preliminary research and documents on problems of evaluation criteria for selecting Promoter in BTL projects, and proposed improvement factors by doing questionnaire over specialists of each field.

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MODEL FOR GOVERNMENT RESCUE POLICIES IN PUBLIC-PRIVATE PARTNERSHIP PROJECTS

  • S. Ping Ho
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.996-1001
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    • 2005
  • Today, government is no longer considered the sole provider of public works or services. Public-Private Partnership (PPP) has been recognized as an important approach to solving problems for governments in providing public works and services. However, the joint ownership of public works/services complicates the administration of PPP projects. Particularly, the fact that government may rescue a distressed project and renegotiate with the developer causes serious problems in project procurement and management. This paper aims to study when and how government will rescue a distressed project and what impacts government's rescue behavior has on project procurement and contract management. A game-theory based model for government rescue will be developed. This pilot study, the author hopes, may provide theoretic foundations to practitioners/policy makers for prescribing creative PPP procurement and management policies and for examining the effectiveness of PPP policies.

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The Study on a Developmental Direction of CM from Spontaneously Applied CM Case in a Private Construction Project -Mainly Related to the Construction of Dongbu Financial Center- (민간자체사업에서의 자생적 CM 적용사례와 CM 발전방향 - 동부금융센터 건설사업을 중심으로 -)

  • Choi Young-Kook
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.31-40
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    • 2004
  • Ever since the CM was implanted in a domestic construction in 1996, it has been needed to take root and activate the CM system as soon as possible. Especially, the applied CM to private construction sector could be a fundamental barometer that how much changed and being advanced the construction system is This means, it is easy to apply CM to a governmental construction, yet it is hard to expect to successfully fix and activate CM for a private construction project unless they admit the necessity and validity of CM. Dongbu Corporation already acknowledged the need of CM in a private enterprise and willingly applied it to a construction sector while building Dongbu financial center, even before the CM was implanted to this country Therefore, this study suggests that the developmental direction of practical CM by examining effects and problems of the CM process.

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The Impact of Project Manager's Leadership in Private-Public-Partnership(PPP) on Project Citizenship Behavior and Project Performance (민간투자사업 프로젝트 관리자의 리더십이 프로젝트 시민행동과 프로젝트 성과에 미치는 영향)

  • Hwang, Jae-Seung;Park, So-Hyun;Kim, Seung-Chu
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.6
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    • pp.103-114
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    • 2018
  • Public-Private-Partnership(PPP) is becoming a popular form of projects in construction industry worldwide. Normally, the management team of PPP project consists of various experts from different disciplines such as construction engineer, bank financier, contract manager, investors, etc. The diversity of team members causes difficulties in managing the team efficiently and furthermore for the smooth execution of the project itself. One of the solutions to this issue might be the application of citizenship behavior by the team members. This study conducts an empirical investigation of the effect of project citizenship behavior on the project performance. We have collected data by using a questionnaire from those with PPP project experiences in the domestic construction industry. The results show that project citizenship behavior has full mediating effects between PM's leadership and the project performance. This study has an academic significance in that it is the first attempt to apply the concept and to show the effect of citizenship behavior in project management discipline, particularly in construction industry, in Korea. We also expect that the project management teams for PPP projects would benefit from the findings of this study.

Impacts of PM's Leadership Type on Project Performance in PPP Project (PPP 사업에서 프로젝트관리자(PM)의 리더십유형이 프로젝트성과에 미치는 영향)

  • Hwang, Jae-Seung;Boo, Jeman
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.3
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    • pp.41-49
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    • 2018
  • Recently, PPP (Public-Private-Partnership) Projects, which private companies invest in, plan, design, construct and operate, have become more popular around the world. The construction industry environment is becoming increasingly competitive. The PPP project is composed of various organizations, so it is very difficult to carry out the project successfully. In this environment, the construction companies are trying hard to secure a competitive advantage. In this study, we tried to identify the role of project manager's leadership and project citizenship behavior as a precedent for creating performance in PPP (Private-Public-Partnership) project. We examine the impact of PM's transformational leadership and transactional leadership on project citizen behavior and examine the impact of project citizen action on project management performance and completion performance. For this study, we conducted a questionnaire survey on PPP project participants. As a result, the following results were obtained. First, transformational leadership and transactional leadership had a significant influence on project citizenship behavior. Second, project citizen behavior had a significant impact on both project management performance and project completion performance. The idealized influence of transformational leadership and the Active management by exception of transactional leadership were found to be very important in shaping PPP team's project citizenship behavior. Therefore, this study has academic implications in studying the effects of PM leadership and project citizenship behavior on the performance of PPP project. And it is expected that it will help selection and training of PM to secure a competitive advantage for construction companies that implement PPP projects practically.

Government's Roles in Public Private Partnership Toll Road Projects

  • Rohman, Mohammad Arif;Doloi, Hemanta;Heywood, Christopher
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.381-385
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    • 2015
  • This research aims to investigate critical factors of the government's role in achieving success in Public Private Partnership (PPP) toll road projects in Indonesia according to government and private sectors' perceptions. A preliminary interview Subsequently a questionnaire survey was also conducted involving 143 respondents across the two sectors from eight operating toll were five critical factors of the government's roles in achieving success in PPP toll road projects, namely; "Active involvement in overall project stage activities", "Establishment of good bureaucracy", "Provision of conducive environment", "Appropriate project planning and competitive tendering" and "Provision of appropriate government support and supervision". This research finding is expected to assist the government in defining clear roles and underlying responsibilities in development of PPP toll roads in Indonesia.

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A Development of the Risk Factor Dictionary for the Private Finance Construction Project (민간투자 건설사업 위험요인사전 개발)

  • Kim, Seon-Gyoo
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.152-160
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    • 2007
  • Recently, the government is very active to secure the financial resources by inducement of the private investment in fulfilling an extension of the SOC facilities. One of the reasons that the private investors hesitate to put money into the private finance projects, however, is the lack of knowledges about various risks to be possibly incurred during the project execution. This research was performed as one of the preparation works in order for a A engineering company to act as a prime contractor of the project management service in the private finance project, and finally developed the risk factor dictionary as a new concept to satisfy the requirement of a A company and overcome a limit of the existing risk checklists. Although the risk factor dictionary looks like the only simplified table to be the risk factors identified in three dimensions, the impacts and response strategies expressed in narrative and multi-items, and the responsible parties indicated, it has great meanings to get a lot of direct and indirect accomplishments over the simplified table during the development process.

A Study on the Revitalization of the Private Subsidy for Environmentally Friendly Aquaculture (친환경양식어업육성 민간보조사업의 활성화 방안)

  • Kim, Kuk-Ju
    • The Journal of Fisheries Business Administration
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    • v.50 no.4
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    • pp.45-57
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    • 2019
  • Effective implementation of private subsidy projects requires comprehensive expertise in the aquaculture and construction sectors to be provided to private subsidy operators, local government officials and others involved in budget execution and settlement. Due to the strengthening of laws and systems related to the execution of state subsidies since 2015, the efficient implementation of private-sector grant projects has been difficult for delays in projects, cancellations, and conflicts with local governments from lack of prior awareness and understanding of related regulations. It is expected that the government will be able to activate the project by analyzing the current status and problems of each phase of project implementation for improving quality internalization of the project effects, as well as quantitative growth of the private sector subsidy project for environmentally friendly aquaculture development projects.

An Application of Construction Management to Private Infrastructure Projects (SOC 민간투자사업의 CM 업무 수행구조 제안)

  • Park, Young-Min;Kim, Dae-Young;Cho, Hun-Hee;Kim, Soo-Yong
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.4 s.32
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    • pp.118-125
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    • 2006
  • The Korean government is encouraging positively PIP(private infrastructure project) to relieve financial burden and get the facilities in time. The portion of the PIP has grown rapidly into 15% of the whole SOC(Social Overhead Capital) projects. It is estimated that the growth will continue for the present. However, there are still rising problems on efficiency of the project and productivity, properness of the project scale are pointed against surprising growth. In this study, we analyze underlying problems of private infrastructure investment project and suggest CM Models to relieve the problems. To verify the validity of the suggested models, a survey has been conducted through questionnaires and analyzed the taste of the stakeholder. The owner-support Model is chosen as the practical model to apply in time. By applying the suggested model to PIP, it is possible to enhance the efficiency and productivity of the project.