• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.729-738
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• 2007

The Public Private Partnership/Private Finance Initiative (PPP/PFI) schemes have made the private sector become a major participant involved in the development of infrastructure systems along with the government. Due to more integrated efforts among project participants and longer concession period, PPP/PFI projects are inherently more complex and risky. It is therefore very important to proactively manage the risks involved throughout the project life cycle. Conventional risk management strategies sometimes ignore managerial flexibility in the planning and execution process. This paper starts with a revised risk management framework which incorporates the real option concept. Following the presentation of the framework, a new risk classification is proposed which leads to different ways of structuring options in a project according to the stage of the project life cycle. Finally, the paper closes by discussing other issues concerning option modeling and negotiation.

• 국제학술발표논문집
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• The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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• pp.389-394
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• 2011

In many parts of the world, low cost housing used to be built and maintained by the governments, based on designs and detail specifications prepared by the public sector with construction carried out by contractors. Results vary due to differences in design standards, workmanship and property management, depending also on the neighbourhood's care of the estates and their pattern of usage. In the UK, where Private Finance Initiative (PFI) has been used for infrastructure projects, there have been successful cases of city estate being transformed by PFI. These PFI housing schemes involve new-build, refurbishment as well as facility management. Unlike traditional construction, which is based on prescriptive specifications, PFI housing is based on output specifications. A study has been undertaken to compare the two specification approaches as they are applied to housing estate. Results are enlightening and serve as good reference to cities such as Hong Kong SAR and Singapore, where public housing provisions have been a major concern of their citizens as the building stock gets older.

• 한국항해항만학회지
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• 제44권5호
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• pp.430-437
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• 2020

This paper analyzes the profitability of the Private Finance Initiative(PFI) ports and proposes the application plans of the R-project(Rehabilitate project) for old ports to attract and activate private investment in the port industry. The R-project of old ports can reduce the government's financial budget and provide improved facilities for users more quickly than the public sector comparator. Before suggesting the R-project for old ports, the profitability of the currently operating 11 companies of the PFI ports are analyzed using the four ratios of profitability, and the results show that all the companies indicate low profitability, except for the top three companies. To apply the R-project, the three types of R-project ports are categorized as maintaining the function of the port, changing the function of the port, and mixing the function of the port. Additionally, three obstacles and improvement measures are suggested; attracting private business, legal issues, and administrative procedures. This study is conducive to the policy making for the port renewal and the activating PFI for the port industry.

• 교육시설
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• 제13권3호
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• pp.66-68
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• 2006

• 교통기술과정책
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• 제8권2호
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• pp.37-46
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• 2011

• Journal of Construction Engineering and Project Management
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• 제1권2호
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• pp.43-48
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• 2011

In many parts of the world, low cost housing used to be built and maintained by the governments, based on designs and detail specifications prepared by the public sector with construction carried out by contractors. Results vary due to differences in design standards, workmanship and property management, depending also on the neighbourhood's care of the estates and their pattern of usage. In the UK, where Private Finance Initiative (PFI) has been used for infrastructure projects, there have been successful cases of city estate being transformed by PFI. These PFI housing schemes involve new-build, refurbishment as well as facility management. Unlike traditional construction, which is based on prescriptive specifications, PFI housing is based on output specifications. A study has been undertaken to compare the two specification approaches as they are applied to housing estate. Results are enlightening and serve as good reference to cities such as Hong Kong SAR and Singapore, where public housing provisions have been a major concern of their citizens as the building stock gets older.

• 한국건설관리학회논문집
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• 제8권5호
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• pp.92-100
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• 2007

민간투자사업은 민간의 참여를 통해 사회기반시설을 효율적으로 확충하기 위하여 시행되고 있다. 2005년도부터는 기존의 도로, 항만 등을 비롯한 산업기반시설 뿐만 아니라 학교시설, 환경시설 등을 포함한 생활기반시설까지 그 범위가 확대되게 되었다. 따라서 사업의 추진방식도 기존에는 BTO 방식이 주로 이용되었지만 새로이 추가된 민간투자사업에서는 BTL 방식이 도입되게 되었다. BTL 방식은 민간투자 적합 여부를 판단하기 위하여 민간투자 적격성 조사를 실시하며 이는 정량적 VFM과 정성적 VFM으로 구분된다. 본 연구에서는 명확한 결과 도출이 어려운 정성적 VFM의 평가항목을 설정하고 전문가를 대상으로 설문조사를 실시한 후 AHP 기법을 활용하여 상대적 중요도와 가중치를 산정하였다. 이상의 내용은 정량적 VFM과 더불어 정성적 측면의 효율성 및 발생편익을 효과적으로 평가 가능하게 함으로써 BTL 시행여부에 대한 합리적 의사결정을 지원할 것으로 판단된다.

• 국제학술발표논문집
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• The 7th International Conference on Construction Engineering and Project Management Summit Forum on Sustainable Construction and Management
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• pp.153-158
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• 2017

Procurement system of public construction projects in Japan is changing with diversity in rapid pace. The quality assurance and risk management of construction projects should be more certain as the projects are turning into larger scale and more complexed. The clients in the public sector will want to make the relation of responsibility among the client, the designer (architects and engineers), and contractor clearer in terms of role and risk. Public-Private Partnership (PPP) is one of the methods for collaboration of the public sector and the private sector in public construction projects where the public utilizes the ability and suggestion of the private. Private Finance Initiative (PFI), Design-Build-Operate (DBO), market testing, designated manager system, outsourcing of tasks in local governments are well-known as examples of PPP in Japan. Indeed, there is an obvious trend that Design-Build (DB) is adopted in public construction projects in many countries including Japan. In this paper, the public construction projects in various procurement systems are surveyed and analyzed. They are not limited within the traditional procurement, Design-bid-Build, a separate order system of design and construction. Design-Build or PFI are adopted. In particular, contract by wide range including maintenance of equipment can be found. On the other hand, modification from originally typical PFI is taking place, such as concept design and project finance are removed from the roles and the tasks of the special purpose company (SPC) in PFI. Standard roles and tasks in a construction project are modeled in this paper.

• 국제학술발표논문집
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• The 10th International Conference on Construction Engineering and Project Management
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• pp.1278-1278
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• 2024

Private Finance Initiative (PFI) involves long-term contracts where private entities invest in the construction and maintenance of street lighting facilities. The current implementation of PFI Smart Street Lighting Systems faces challenges in the fulfillment process, including discrepancies in quantities, coordination of power variations, delays in the deployment of smart systems, and issues with performance indicator scoring. These challenges disrupt the smooth execution of contractual obligations. Nevertheless, the adoption of intelligent systems in street lighting presents significant advantages in reducing energy consumption, extending the lifespan of fixtures, and enhancing maintenance efficiency. This study aims to analyze an ongoing project, applying the Fuzzy Analytic Hierarchy Process (FAHP) to identify crucial PFI indicators and their weights. The study explores areas of improvement in the project compared to traditional street lighting, aiming to provide solutions to the mentioned challenges. The results indicate that indicators such as PS3 (Lighting Service Continuity) with a weight of 0.384% and PS4 (Smooth Operation of the Smart Street Lightings Management System) with a weight of 0.274% have the highest impact on service performance. Additionally, the project involves replacing 162,000 streetlights, resulting in a yearly energy consumption reduction of approximately 70%, a decrease in monthly maintenance time from an average of 48 hours to 15 hours, and an expected reduction of 900,000 tons in carbon emissions during the project period. Value for Money (VfM) analysis suggests an annual reduction in government expenditures of NTD 66 million. This reveals that implementing PFI model is more advantageous than traditional street lighting procurement, as it allows the government to leverage contractor financing and alleviate the initial high costs of streetlight replacement, thereby reducing the overall costs of streetlight establishment and maintenance.

• 시큐리티연구
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• 제34호
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• pp.185-207
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• 2013

오늘날 국가는 사회안전유지 활동의 효율과 효과를 도모하기 위해서 "전문화", "고도화", "선택과 집중"에 형사정책의 초점을 맞추게 되는데, 이로써 국가의 활동영역의 축소가 필연적으로 수반된다. 이에 따라 축소된 국가의 활동영역을 보완해야할 대체 역할자가 필요하게 되고, 대체 역할자의 중요성이 점점 더 부각되고 있다. 이러한 대체 역할자의 하나로 Private Security(이하 PS)가 있다. PS는 비공적인 조직 또는 개인이 종래에 공적기관에 독점되어 온 사회의 안전확보와 범죄예방 역할을 대체 담당하는 것이다. 우리나라에서는 민간경비업이 이에 해당한다. 우리나라를 포함한 많은 선진국에서 PS가 범죄예방에 큰 역할을 담당해 왔고 그 비중도 높아지고 있다. 세계적으로도 "공(公)"에서 "사(私)"로, "관(官)"에서 "민(民)"으로 시큐리티 밸런스가 점점 전환되어 가고 있다. 위 현상을 가장 잘 보여주고 있는 사례로서 일본 PFI(Private Finance Initiative)교도소에 있어서의 PS의 역할을 들 수 있다. PFI교도소는 시설운영의 효율성 진작을 위해 민간의 노하우를 적극 활용함과 동시에 형벌권에 뒤따르는 행정책임을 국가가 보장하는 등의 철저한 "관민협동" 방식으로 운영되고 있다. 특히 키츠렌가와 센터와 하리마 센터는 관민협동방식 PFI교도소의 실효성을 높이기 위하여 민간사업자 선정평가기준으로 위험부담과 관계된 제안, 지역과의 공생, 보안사고의 방지 및 사고발생시의 대응, 기존교도소의 운영업무 등의 항목이 중요시 된다. 이러한 사례는, 우리나라의 향후 PS의 역할 모색에 있어 그 시사하는 바가 매우 크다.