Study on Qualitative Evaluation Index System of VFM in PPP Project

Abstract

With the vigorous development of PPP mode in China, the qualitative evaluation of value for money (VFM) has become an important support for the decision-making of PPP project. As the evaluation system of VFM is still not mature enough in China, it needs to be further improved. On the basis of the "Guide to VFM evaluation in PPP Project (trial)", to get further supplement and enrich the indicators of qualitative evaluation of PPP projects, and giving the specific judgment criterion, the expert investigation method and hierarchical analysis method are used to determine the weight of evaluation indexes, and then a qualitative evaluation model of VFM evaluation with strong operability and reasonable evaluation would be constructed. Finally, the model which is constructed in this paper would be tested by engineering projects so as to make the qualitative evaluation method scientific and feasible for PPP model.