| Title |
A Survey on the Persons in Charge for Economic Estimation Analysis and Improvement of BTL Projects |
| Authors |
Lee, Chun-Kyong ; Cho, Bong-Ho ; Park, Tae-Keun |
| Keywords |
BTL(Build-Transfer-Lease) ; Economic Estimation ; LCC(Life Cycle Cost) ; VFM(Value for Money) |
| Abstract |
As BTL(Build-Transfer-Lease) private investment business benchmarking PFI(Private Finance Initiative) of USA and Japan is introduces to Korea since 2005, as a part of supplying high leveled public service and early expanding required facilities for SOC, Value for Money on private investment business from treasury investment business at the beginning gets to be needed. Accordingly, this survey has been conducted in order to analyse BTL projects status, propriety of economic analysis method (VFM analysis, calculation of estimated business expenses, valuation of bidding price, etc.) by business advance phases from the viewpoint of person in charge, necessity of improvement and alternative plans. As the result of conducting cross tabulation analysis and correlation analysis by occupational group, BTL project advance phases and alternative plans for improvement, it is necessary yo prepare standardized service level against business expense and basis for calculating and evaluation operation expenses. Based on the necessity of quantitative analysis (LCC analysis) of VFM, standard for calculating management, maintenance and administration expenses is required. In addition, reliable economic valuation system considering domestic BTL environment should be setup, for business efficiency. |