Research And Practice On The Risk Management Of BT Project

BT project general contracting as the PPP model in infrastructure construction of the main form, both at home and abroad has been a lot of research and practice. In our country due to the special economic and legal conditions, project implementation process there are a lot of problems, the contractor faces a lot of risk. This paper stands on the point of the BT project general contracting, from the aspects of project investment, construction and transfer, the project implementation process the contractor may face the risk of investment, construction and government repurchase phase for analysis and research.(1)In the BT project general contracting risk source analysis based on, in order to prevent because the government, policy and political figures excessive participation and the emergence of project contracting risk, the weakening government’s administrative guarantee, strengthen value guarantee in the contract; through “budget project+ extrabudgetary project”, “Public welfare project + profitability project”, “stock assets +incremental assets project” comprehensive contract; Using fund repurchasing, return rights repurchasing, or Combination of both model to manage repurchasing risk.(2)For decreasing contractor’s cost risk in using capital which caused by capital market volatility, it proposed to establish "interest-cost" dynamic adaptation mechanism, and limited investment loss fusing mechanism in government repurchase process, to effective management and control of project general contracting risk.(3)For preventing government’s commitment lose and project investment lack of policy guarantee, in the investment and construction process, it proposes the standard conditions of contract, clarify the key investment nodes and preferential policy of linking the terms, and establish of key investment node policy guarantee mechanism, effective management and control of project general contracting risk strategy.(4)To strengthen the construction implementation stage of risk management and control, it presents the application of BIM Technology and to establish the information sharing platform, to achieve real-time information communication and sharing, and the use of JIT(just in time) technology to improve the efficiency of project management, and rise capital efficiency, timely resolve construction risk, ensure project sustainable development.(5)For preventing the overall risk of BT project, it try to use fuzzy evaluation method to evaluate project risk, and providing technical analysis and quantitative analysis means for reasonable choice project.