On Agency Construction: A New Mode For Public Project Management

On public project management, we have experienced great progress from age of planned economy when we tried and error, to today's age of reform when we learn overseas advanced management techniques. However there are still many disadvantages in today's project management mode, which can not be overcome via technique innovation only. It's necessary to reform management institution and innovate new management mode under socializing and specializing principles. In this new system, a professional and full process Project Management company help improve investment benefit and efficiency. Agency Construction are advocated by local governments around the country in practice of specializing creed.Agency Construction is a brand new and efficient mode, separating investment, construction, management, and use. In this mode, organization and implementation of the public projects are entrusted to professional PM companies, which take responsibilities for the whole project from prophase to the end in place of the owner. Agency Construction is the result of specializing as well as PM companies, which are also effected by transaction efficiency. In reverse, it accelerates industrialization further and optimize economy structure.In practice of Agency Construction, problems as follows must be tackled: conflicts with existing system of projects management; competitive PM service charge as well as enlarging market volume to meet the requirement of specializing; full process professional management; institution for Agency Constrution.