A Study on Evaluation Methods to Select a Developer for Private-Public-Partnership Projects in Korea - Focus on applying methodology -
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One of the most representative types of korea's mix-used developments, private-public partnership project financing invites private contractors to a public project. Its 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 a set of rational criteria for the selection of a contractor.
Abstract
One of the most representative types of korea's mix-used developments, private-public partnership project financing invites private contractors to a public project. Its 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 a set of rational criteria for the selection of a contractor.
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