A Study Of Engineering Projects Trading Mode Selection Based On The Theory Of Transaction Cost

After the reform and opening up,China’s economy has developed rapidly,and the construction industry has accelerated the pace of its progress with the development of the economy.But now with the continuous development of the economy,the contradiction between excess capacity and resource mismatch is becoming increasingly apparent,institutional factors and environmental factors on the growth of China’s economy is growing,economic growth is declining year by year.In the first half of 2016,the construction of the bidding project was significantly reduced,the bidding rate decreased from 30%to 40%in previous years.Project management to hosting package,layers of the subcontract,design and construction of this disconnect is extensive management to project bring many unnecessary costs.For construction projects,the different project transaction mode has different effects.Involves the number of contractors,the project management model and organizational structure,the parties to the contract of power,responsibility and work assignments,etc..The choice of project transaction mode not only affects the strategy of the project,but also affects the construction and implementation of the whole construction project.As an important part of engineering construction project,the selection of transaction mode is very important.At home and abroad have a lot of scholars in this regard a lot of related research,but based on the transaction cost to choose research on construction project transaction pattern,also only stay in the application of the theory of transaction cost analysis of construction project transaction mode.Research on engineering transaction costs,due to the domestic project cost calculation,accounting and transaction cost uncertainty,most studies only classification of engineering transaction costs which based on relevant theories of new institutional economics.In this paper,the use of literature analysis,qualitative analysis,model analysis,based on transaction costs to start the project transaction model research,is divided into six parts.The first part introduces the research background,the domestic and foreign research status in detail.In the second part,the definition of engineering transaction mode is different.Based on the research of different scholars,the concept of the project transaction mode is redefined.In this paper,the relevant theory of the relevant theory to carry out a detailed combing.The third part of the project management mode from the owners,the contract model,the three aspects of the contract type for a detailed interpretation.The fourth part expounds the influence factors of transaction cost of projects,the transaction cost of projects were analyzed and summarized.According to the view of institutional economics Williamson,project transaction cost in accordance with the contract of transaction cost and contract transaction costs are divided to form a set of systematic project transaction cost system.Because the management targets of project in the three elements of the progress,quality,cost three complement each other,so according to the properties and influence of project transaction cost,the according to the relationship between the quality and progress of classification;the fifth part is the construction project transaction pattern refers to the index system,the selection of construction project transaction mode,which involves to the analytic hierarchy method.Delphi method and TOPSIS method and the application.The sixth part summarizes the research results of this paper.The main innovation of this paper are as follows:(1)the literature research method of defining the project transaction cost,and the project from the project start to completion of the transaction cost in the process of classification,divided into 16 kinds of transaction cost.The function of transaction cost is further divided into the improvement of engineering quality cost,the cost of project progress,and the construction of the index system of engineering transaction mode decision.(2)in using the analytic hierarchy process is determined on the basis of the weight of each index,in accordance with the Delphi method to determine each decision panel members of index valuation prediction.In the scheme selection of using TOPSIS method for multiple attribute decision,to develop a complete set of decision-making mechanism of the transaction cost of engineering project transaction mode based on.Due to the characteristics of the project transaction cost and the limitation of the resource,the research of this paper has the following deficiencies:(1)the division and definition of the project transaction cost is lack of quantitative data support.(2)the evaluation indicators are not entirely independent and there are some mutual influence relations,not taking into account,may cause some impact on the evaluation results.(3)in the calculation of the weight of each index,only by expert opinion,so the evaluation results will be subject to the influence of the subjective judgment of experts.To this end,in the use of these methods how to better reduce the impact of subjective factors,or to take a more effective and suitable method,there is yet to be further study.(4)in this paper,the data acquisition is limited by the lack of examples of research and analysis,the evaluation system for the construction of the study is not thorough enough,the system may exist in the problem can not be fully displayed.