The Combinational Connotation of Contract Strategy in Chinese Public Construction Projects: A Grounded Theory Approach

Ling, Yan; Yang, Tao; Deng, Jiaojiao

doi:10.7492/ijaec.2017.002

Cited by 1 publication

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“…These risk factors are insufficient waste supply, disposal of nonlicensed waste, environmental risk, payment risk, and lack of supporting infrastructure. The writers have conducted a comprehensive literature re-view to identify risk factors in PPP WTE incineration projects, including Xu et al (2015), Wang and Tiong (2000), Kumaraswamy and Zhang (2001), Grimsey and Lewis (2002), Mills et al (2006), Xu et al (2006), Ng and Loosemore (2007), Xu and Li (2008), Qi et al (2009), Ouyang and Wu (2010), Weber and Alfen (2010), Cheung and Chan (2011), Song et al (2013), World Bank (2014), Zhang and Xiong (2015), Fayek and Omar (2016), Sha (2016), Song et al (2016), and Yan et al (2017). A total of 21 risk factors in PPP WTE incineration projects were identified through literature review.…”

Section: Risk Factors For Ppp Wte Incinerationmentioning

confidence: 99%

Critical Risk Factors in PPP Waste-to-Energy Incineration Projects

Wang¹,

Zhang²

2017

IJAEC

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Municipal solid waste (MSW) is increasing rapidly due to the global economic growth and worldwide mass urbanization, creating serious environmental, economic and social problems. In China, public-private partnership (PPP) is regarded as an effective mechanism to attract private capital to provide MSW treatment works and services, and hence a number of waste-toenergy (WTE) incineration projects have been developed. Various risks could occur in different stages of the PPP project delivery process, causing problems or even leading to failure of a project. This paper first identified 21 risk factors in PPP WTE incineration projects through literature review and case studies. Then, through a questionnaire survey, the top five most critical risk factors were found by statistically analyzing the significance of each factor. Next, factor analysis was conducted to determine the major common dimensions of the failure reasons in PPP WTE incineration projects. After that, agreement analysis was performed to explore the perspectives of academic researchers and industry experts in terms of the similarity and difference in the ranking of the risk factors. Finally, the causal relationships of the risk factors were discussed. Outputs of this research would facilitate both public and private sectors to design effective preventive measures to successfully address the risks in PPP WTE incineration projects, and they could also be used as a reference for risk management in PPP projects of other sectors as well.

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