Research On Partner Selection Of Large Stadium PPP Project In China

The essence of PPP model is to establish life-cycle partnership,the purpose of PPP model is to bring in investors' ability and resource.Partner selection is the origin for building and keeping partnership,it's the key step to the success of a PPP project.For renegotiation and repurchase cases,the root cause is that the partner selection process is not scientific?reasonable and effective.Therefore,partner selection of PPP project should be given more attention.PPP projects in different fields have great differences,its special nature determines that the demand for investors' ability and resource is quite different.The fundamental objective of large stadium is to serve people's health,it has significant public welfare?mass character and sociality.Therefore,the paper based on the field of large stadium,explore the access criteria and decision-making procedure of partner selection.In a neutral and fair point of view,the paper provide a clear criteria and method on measuring the partner,for government?enterprises and the public.The research start from scope definition and PPP partnership,by using the theory of resources allocation?enterprise ability?unsymmetrical information and full life cycle,the paper analysis the partner ontology?PPP with partner selection?partner selection with life-cycle PPP partnership.The paper suggests that ability and resource is the key to decide the success of a PPP project.Life-circle partnership is the base point of partner selection,by using practical investigation?questionare survey?factor analysis and Topsis model,figure out the access criteria and decision-making procedure.The conclusions drawn are as follows:(1)by analyzing the concept of social capital,the paper define social capital in PPP model as follows: enterprise or consortium that has particular ability and resource.Thereinto,the specific form of source is financial capital resources,material resources,organization capital and human capital resources.The specific form of ability is resource development ability,resource accumulation ability,resources combination ability and the allocation ability of resources.(2)The ability and resource are the premise of undertaking a PPP project,so it should be the access criteria for investors.From ability and resource these two aspects,by using practical investigation?questionare survey?factor analysis,the paper obtains target system of access criteria,7 dimensions and 29 indicators in total.(3)It propounds a four-stage partner selection process,give an in-depth analysis of market test?rapid filtration?access choiceness and scheme negotiation,realize the screening to choiceness of partner selection.