Risk Management Of Company X’s R＆D And Manufacturing Center Construction Project Under Financing + EPC Model

Since innovation-driven development has become a strategy in China,with the adjustment of China’s economic structure and the continuous changes in the macro environment,science and technology-based SMEs have gradually become the mainstay of employment and technological innovation in China,and with the expansion of their business scale,science and technology-based R＆D and production SMEs have an increasingly strong demand for capacity expansion.Lack of capital and experience are the two main problems for "R＆D+Production" SMEs construction projects.The general contractors with experience and financial strength have proposed an innovative financing+EPC model to assist the owner’s construction project in response to these two problems.Under this model,the owner,general contractor,financier and all parties involved in the project all face higher risks compared with traditional EPC projects,requiring comprehensive risk management for the whole process of financing+EPC mode engineering and construction projects from the design and planning stage to the completion of repayment after delivery.Guided by project management theory and system engineering theory,this thesis selects two dimensions of time and logic in Hall’s three-dimensional structure,divides the project into three stages: pre,mid and post in the time dimension,and divides into four processes: risk identification,risk assessment,risk response and risk supervision in the logical dimension.By studying the construction of R＆D and manufacturing center by owner company X in financing+EPC mode,use literature research,case comparison,meeting interviews,and a combination of qualitative and quantitative methods to identify risks,categorize the identified risks according to their risk sources,construct 4primary risk indicators for engineering construction,management,capital,and external environment,and 20 secondary risk.Based on AHP and Fuzzy evaluation to evaluate the comprehensive risk of the construction project.The conclusion shows that the risk level of the construction project under the financing+EPC mode of Company X is moderately high,and the capital risk level is extremely high,among which,the shortage of funds and the untimely arrival of funds have a greater impact on the project target;among the management risks,the contractual risk,the supervision risk and the misalignment risk have a greater impact,and the owner needs to pay attention.Finally,from the perspective of the owner side,the risk response strategies and risk supervision means of the full process project are given.In order to provide practical guidance for SMEs to invest in construction projects.