Studies On Qualitative Evaluation Method Of Value For Money For PPP Projects

By comparing with traditional government purchasing mode,PPP mode has the advantage of introducing social capital and advanced management technology,it effectively alleviates government financial pressure and improves service efficiency.Therefore,it is widely used in infrastructure construction and public service projects in many countries and regions around the world.However,infrastructure and public service projects usually require huge investment,and involve society public interests.If the projects can't be implemented successfully and effectively,it will cause huge waste of investment and damage public interests and social welfare.Therefore,the Chinese government requires that PPP projects must be evaluated before they are implemented,and the evaluation results should be taken as an important basis for the adoption of PPP model.At present,China mainly do money evaluation(VFM)from qualitative and quantitative aspects,it takes VFM qualitative evaluation as the main method,VFM qualitative evaluation results as the main basis for decision-making,and VFM quantitative evaluation results as a reference.According to the current value-for-money evaluation framework in China,there are also some flaws in the qualitative evaluation system,such as the shortcomings in the setting of evaluation indicators,the lack of credibility of evaluation methods and so on.In practice,precisely because of these reasons,the effect of qualitative evaluation is greatly discounted,it helps limitedly to make a decision for PPP project.In view of these shortcomings in practical application,this paper will study how to improve the value-for-money evaluation system of PPP projects in China.Through in-depth study on mature framework and method system of qualitative evaluation of value for money in Britain,Canada,the United States,Hong Kong and etc.,combining with the reality of our country,this paper will put forward the suggestions for improving the qualitative evaluation system of VFM,and add the concept of "discrete correction value" to the qualitative evaluation process,so that the qualitative evaluation results will be more comprehensive.