Kurniawan, F; Ogunlana, S and Motawa, I (2010) An integrated project evaluation tool for PFI seaport projects. In: Egbu, C (ed.) Proceedings of 26th Annual ARCOM Conference, 6-8 September 2010, Leeds, UK.
Abstract
The evaluation of the financial viability for seaport projects is a critical activity for bidders and governments under traditional procurement or through private finance initiative (PFI). The aim of this research is to assist government agencies in evaluating bids and making decision efficiently for seaport development projects through the use of an integrated project evaluation tool. The proposed tool is expected to integrate the results of the financial model and the risk sharing strategy. The integrated project evaluation tool can be mutually used by the government agency and the sponsor(s). This paper discusses the proposed tool to be tested in future study. The research strategy uses literature review, questionnaire surveys, interviews, and document analyses in order to develop the proposed tool. The tool will be tested through case studies and experts' opinion to validate its applicability and effectiveness. The main conclusion of this paper is that the knowledge gap between the sponsor(s) and the government agency can be improved if the government agency is provided with efficient tools that consider both the financial and the risk factors affecting a new project.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | bidding; estimating; risk; procurement; decision analysis |
| Index terms: | government agency, case study, interview, traditional procurement, survey, literature review, strategy, financial viability, document analysis, decision analysis, questionnaire, risk factor, effectiveness, private finance initiative, bidder, project evaluation, bidding, future study, estimating |
| Subjects: | data science, business management, bidding, contractual arrangements, data analysis and analytics, financial and cost management, value management, data collection methods, research design and methodology, administrative law, environmental hazards, decision analysis, management, performance management |
| Topics: | Quality Management, Legal Issues, Sustainability, Procurement, Risk Management, Project Management, Research Practice, Cost Management, Business Strategy |
| Descriptive scope: | 4 PCEA |
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