{"title":"广州地铁EPC模式投资控制关键问题研究——以广州地铁18/22号线为例","authors":"Qian Zhang","doi":"10.2991/BEMS-19.2019.74","DOIUrl":null,"url":null,"abstract":"The development of the city is often accompanied by the construction of infrastructure. Various models also impact the Chinese construction market. As a kind of contracting and forwarding model, EPC has a positive effect on improving the level of engineering construction, so it is gradually applied and implemented extensively in China. However, there may be problems with the project getting out of control during the operation. Guangzhou Metro Line 18/22 is piloted by this model. This paper uses the method of research on the contract terms of Guangzhou Metro Line 18/22 to analyze the project control rights allocation, contract risk sharing and flexible clauses. To identify the key elements of investment management and control of the Guangzhou Metro 18/22 line project, and to enhance the success of the metro project construction management under this mode by strengthening the investment control of the owner under the EPC model.","PeriodicalId":371455,"journal":{"name":"Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)","volume":"65 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Research on Key Issues Related to Investment Control in Guangzhou Metro EPC Mode -- Taking the 18/22 line of Guangzhou Metro as an example\",\"authors\":\"Qian Zhang\",\"doi\":\"10.2991/BEMS-19.2019.74\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The development of the city is often accompanied by the construction of infrastructure. Various models also impact the Chinese construction market. As a kind of contracting and forwarding model, EPC has a positive effect on improving the level of engineering construction, so it is gradually applied and implemented extensively in China. However, there may be problems with the project getting out of control during the operation. Guangzhou Metro Line 18/22 is piloted by this model. This paper uses the method of research on the contract terms of Guangzhou Metro Line 18/22 to analyze the project control rights allocation, contract risk sharing and flexible clauses. To identify the key elements of investment management and control of the Guangzhou Metro 18/22 line project, and to enhance the success of the metro project construction management under this mode by strengthening the investment control of the owner under the EPC model.\",\"PeriodicalId\":371455,\"journal\":{\"name\":\"Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)\",\"volume\":\"65 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-05-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2991/BEMS-19.2019.74\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 1st International Conference on Business, Economics, Management Science (BEMS 2019)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2991/BEMS-19.2019.74","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Research on Key Issues Related to Investment Control in Guangzhou Metro EPC Mode -- Taking the 18/22 line of Guangzhou Metro as an example
The development of the city is often accompanied by the construction of infrastructure. Various models also impact the Chinese construction market. As a kind of contracting and forwarding model, EPC has a positive effect on improving the level of engineering construction, so it is gradually applied and implemented extensively in China. However, there may be problems with the project getting out of control during the operation. Guangzhou Metro Line 18/22 is piloted by this model. This paper uses the method of research on the contract terms of Guangzhou Metro Line 18/22 to analyze the project control rights allocation, contract risk sharing and flexible clauses. To identify the key elements of investment management and control of the Guangzhou Metro 18/22 line project, and to enhance the success of the metro project construction management under this mode by strengthening the investment control of the owner under the EPC model.