Research On PPP Project Bidding Mechanism Based On Value For Money

The PPP project bidding ensure the government department to choose the appropriate private partners, it is the key to the PPP project successful implementation. With the rapid development of our social economy, public project construction demand is increasing, government investment has been unable to meet the demand of public project construction funds. In this case, because of the high degree of diversification of investment, market, resource allocation optimization, and many other advantages, Public-Private Partnerships(PPP) get more and more attention from our government. At the same time, the idea of government procurement of public projects in China are changing from single price target for efficiency to the balance of the three elements: price, quality, efficiency, it is also the idea of Value for Money(VFM). But in China the PPP project bidding is still using the general construction project bidding mode, cannot adapt to the characteristics of the PPP projects, cannot achieve VFM. Therefore, this article based on the theory analysis of VFM, explore the building of the PPP project bidding mechanism, in order to help the government to choose the appropriate private partners, to ensure the smooth implementation of the PPP project.First, through literature research and theoretical analysis, put forward the idea of VFM that suit for China, namely balance of economy, efficiency and effectiveness in the whole process of the PPP project, among them, efficiency is the core of VFM, it is the cooperation efficiency in the whole process of PPP project. Based on the study of the relationship among bidding, PPP project and VFM, it is concluded that the design of the PPP project bidding mechanism should comply with the principle of VFM. Secondly, on the basis of theoretical analysis and case analysis at home and abroad, based on the VFM principle, stand on the efficiency of the whole process of the PPP project cooperation to design questionnaire and organize research, through the method of factor analysis obtain the 10 key factors of PPP project bidding mechanism, and further analysis the main points of the PPP project bidding mechanism design. Finally, take Chongqing as an example, design the PPP project bidding mechanism. In the aspect of policies and regulations, establish the policy system of "national legal + ministries guide+ local rules"; In terms of institutions, at the policy level set the PPP management committee, at the project level PPP project team is responsible for the PPP project bidding; In the aspect of bidding assessment index, the evaluation of the bidder should include the indicator of economy, efficiency and effectiveness; In terms of the evaluation model, put forward the two-stage evaluation model of data envelopment analysis(DEA); In terms of the bidding process, increase the market feedback phase, and establish a one-stop bidding information platform.The paper is completed in the support of National Social Science Foundation project “Research of cooperation mechanism in PPP project in Western district”(NO.10XGL0009).