Wang, S Q; Tiong, R L K; Ting, S K; Chew, D and Ashley, D (1998) Evaluation and competitive tendering of BOT power plant project in China. Journal of Construction Engineering and Management, 124(4), pp. 333-341. ISSN 0733-9364
Abstract
The tremendous economic growth in China has resulted in an immense demand for basic infrastructure like roads, ports, and power generation facilities. There are thus many investment opportunities for foreign investors. At the same time, some innovations have also been introduced in procurement practices. For example, the build-operate-transfer (BOT) scheme, open competitive bidding, and fully foreign ownership were adopted at the end of 1996, when the concession of the first state-approved BOT project, the Laibin B power plant project in Guangxi Province, was awarded. It is important, therefore, for foreign investors to understand the current regulations, approval procedures, and evaluation and competitive tendering of privatized infrastructure projects by the government-approved BOT project agents in China, in order to secure concession contracts and manage the associated project risks well. This paper discusses these innovations, the roles of the BOT project agents, and the evaluation and competitive tendering of BOT projects in China based on the Laibin B power plant project. The lessons for investing in future similar BOT projects in China are also drawn.
| Item Type: | Article |
|---|---|
| Index terms: | economic growth, power plant, concession contract, build-operate-transfer, competitive bidding, power generation, investor, China, agent, regulation, ownership, approval, infrastructure project, competitive tendering |
| Subjects: | economics, economic development, contractual role, contract type, tendering, bidding, contractual arrangements, energy systems, political science, sociology, practitioner, infrastructure and transport systems, Geography |
| Topics: | Organizational Design, Engineering Principles, Sustainability, Contract Administration, Governance, Roles and Professions, Procurement, Geographical Context, Stakeholder Management |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here