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Conference Paper: The Agent-construction System for procuring mega projects in China

TitleThe Agent-construction System for procuring mega projects in China
Authors
KeywordsProcurement innovation
Agent-Construction System
Construction procurement
China
Issue Date2011
Citation
The CIB International Conference on Management and Innovation for a Sustainable Built Environment (MISBE2011), Amsterdam, The Netherlands, 20-23 June 2011. How to Cite?
AbstractWhile heated discussions have been directed towards various innovative procurement systems such as PPP, PFI, and BOT that carry the great expectation to help materialise the projects and deliver value to the society, a procurement system named agent-construction system (ACS or in Chinese Dai Jian Zhi) is being prevailing in China’s public procurement. This research aims to examine ACS by relating them to China’s particular Political, Economics, Social, Technological, Environmental, and Legal (PESTEL) background. It is found that the ACS is promising in procuring public projects owing to two merits: (a) clearly defined right and responsibilities; and (b) appropriate allocation of resources and risks amongst parties involved. The research is particularly useful when governments worldwide are searching for innovative procurement approaches to help deliver public projects and services. It also sheds light on how to devise an innovative procurement system. A word of caution, nevertheless, is that readers should not follow this “good practice” slavishly. One ought to truly understand the essence of procurement innovation and devise suitable innovative procurement systems in a given PESTEL setting.
DescriptionTopics: - Innovation in construction: theories and best practices (General Themes)
Persistent Identifierhttp://hdl.handle.net/10722/136491
ISBN

 

DC FieldValueLanguage
dc.contributor.authorLu, Wen_US
dc.contributor.authorLiu, Aen_US
dc.contributor.authorWang, Hen_US
dc.contributor.authorWu, ZBen_US
dc.date.accessioned2011-07-27T02:17:01Z-
dc.date.available2011-07-27T02:17:01Z-
dc.date.issued2011en_US
dc.identifier.citationThe CIB International Conference on Management and Innovation for a Sustainable Built Environment (MISBE2011), Amsterdam, The Netherlands, 20-23 June 2011.en_US
dc.identifier.isbn9789052693958-
dc.identifier.urihttp://hdl.handle.net/10722/136491-
dc.descriptionTopics: - Innovation in construction: theories and best practices (General Themes)-
dc.description.abstractWhile heated discussions have been directed towards various innovative procurement systems such as PPP, PFI, and BOT that carry the great expectation to help materialise the projects and deliver value to the society, a procurement system named agent-construction system (ACS or in Chinese Dai Jian Zhi) is being prevailing in China’s public procurement. This research aims to examine ACS by relating them to China’s particular Political, Economics, Social, Technological, Environmental, and Legal (PESTEL) background. It is found that the ACS is promising in procuring public projects owing to two merits: (a) clearly defined right and responsibilities; and (b) appropriate allocation of resources and risks amongst parties involved. The research is particularly useful when governments worldwide are searching for innovative procurement approaches to help deliver public projects and services. It also sheds light on how to devise an innovative procurement system. A word of caution, nevertheless, is that readers should not follow this “good practice” slavishly. One ought to truly understand the essence of procurement innovation and devise suitable innovative procurement systems in a given PESTEL setting.-
dc.languageengen_US
dc.relation.ispartofProceedings of the International Conference Management and Innovation for a Sustainable Built Environmenten_US
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectProcurement innovation-
dc.subjectAgent-Construction System-
dc.subjectConstruction procurement-
dc.subjectChina-
dc.titleThe Agent-construction System for procuring mega projects in Chinaen_US
dc.typeConference_Paperen_US
dc.identifier.emailLu, W: wilsonlu@hku.hken_US
dc.identifier.emailLiu, A: ammliu@hku.hken_US
dc.identifier.authorityLu, W=rp01362en_US
dc.identifier.authorityLiu, A=rp01432en_US
dc.description.naturepostprint-
dc.identifier.hkuros187827en_US

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