Research On Performance Evaluation Of The Public-private Partnerships Projects

In the face of the growing demand for public services,the government departmentfaces the shortage of funds and the problem of lack of management experience,whichmade government seeking help from private sectors.So more and more Public productsare put to market.The public-private partnerships projects were introduced into Chinasince the last century80’s，then it develop effectively and quickly in electric power,water supply, highway, rail transport, tunnel engineering and so on. It can effectivelyabsorb private capitals, promoting public administration reform.The public-privatepartnerships can reduce the government’s financial burden and pressure, controllingcost and showing great advantages.However, it appeared a lot of problems with public-private partnerships pattern inour country. Both public and private are lack of effective mechanisms for cooperation.Stakeholders are only concerned about their own interests. There are no reasonablerisk-sharing and benefit-sharing mechanism.Projects are without reasonablesupervision departments in the course of the operation, causing the contract carried outwith more difficulty, etc. Especially, the project achievements monitoring is in anunsystematic state. How to evaluate the performance of the PPP projects reasonably,taking into account the stakeholders’needs in the performance evaluation process. Andhow to enhance the project development, construction, operation process of theperformance level, becoming an urgent problem to be solved.Firstly, the article set out the background and research significance, analyzing andsummarizing the relevant domestic and foreign research achievements.Then itdiscussed the connotation, characteristic, structure type and operation mode of the public-private partnerships projects. Next, based on the public product theory,stakeholder theory, the balanced score card theory, we built the public-privatepartnerships projects performance evaluation system from the perspective of projectusing balanced score cards. In the performance evaluation system, we take into accountthe interests of the multi-stakeholder needs. And we proposed the conception ofevaluation subject and the strategic objectives which based on the multi-stakeholder.The specific steps contain selection and determination of evaluation elements,establishment of index system, construction of evaluation model. We built evaluationindex system from five dimensions by using the balanced scorecard method: projectenvironment, financial ability, internal control and management, stakeholders’satisfaction, innovation and growth for public private partnership projects. What’more,we used the AHP mothed to determine the weight of the PPP project performanceevaluation index and used the fuzzy comprehensive evaluation method to constructperformance evaluation model of public private partnerships projects. Last, we showedthe evaluation system in the practice of the specific application through a case.