Theoretical Analysis And Practical Research On The Capabilities Of Great Construction Corporations To The Operation Of BOT Programs

As new financing and project management mode, BOT project has brought increasing interest of public and private investors abroad and at home.Taking advantage of abundant financial,human and substance resources,advanced technology, equipments and management abilities, some great construction corporations have began the practice of BOT project to form their core competition abilities and to enhance the comprehensive strengths.However, there are great variable influence factors on BOT projects,complex practice procedures and hard risk management tasks,which are quite new to construction corporations at home,so they have less experience on the practice of BOT project.It is urgent to put forward scientific theory system and methods to promote and facilitate the financing and construction practices of BOT preject, thereby to enhance the efficiency and effectiveness of project management in the construction of infrastructure projects.Based on enterprise competence theory and sustainable development theory, this paper discussed the influence factors of BOT projects practice abilities and built the ability model of BOT project practice. Beginning with the research of strategy resource, this paper analyzed the process of synergy and conformity of strategy resources and the matching of resources and environments to study the forming mechanism of basic abilities.Base on the analysis of the conformation of key abilities of BOT project practice,this paper made use of path dependence theory to discuss the forming process of key abilities and made use of synergetics theory to research their transition and promotion mechanism. Based on sustainable development theory, this paper put forward the conception of project sustainability ability and corporation sustainability ability, analyzed their internal relationship and the achievement of the sustainability abilities of BOT project practice and corporation sustainability ability. In the last, this paper made empirical analysis by taking a successful BOT project as a real example and analyzed the basic work, practice and its sustainment to validate the scientific and effectiveness of academic analysis and theory research on BOT project practice abilities.The innovation of this paper lies on:firstly, according to the enterprise management theory and project management theory, this paper discuss the key issues of BOT project practice by great construction corporations, put forward a new thought for the research of BOT project practice abilities.Secondly, this paper put forward the ability hiberarchy model of BOT project practice and formed the whole research frame of BOT project practice ability, in which the abilities are divided to basic abilities,key abilities and sustainability abilities, corresponding to the hiberarchy model of enterprise competence.Thirdly, this paper exposed the growth path of the BOT project practice abilities, that is from strategy resources to basic abilities by collaborating and conforming of strategy resource and the matching of resources and environments, then from basic abilities to key abilities by organization learning, knowledge integration and management innovation, then to sustainability abilities by interaction of project sustainable development and corporation sustainable development. It revealed innovationally the interrelationship between BOT project sustainability abilities and corporation sustainability abilities, which provided theorial basis for construction corporations to gain sustainable competition advantages.Facing the global finance crisis, decisions has been made to increase the demands at home and keep the economy developing smoothly and rapidly, which will attract more foreign or private capital to infrastructure projects.So, great construction corporations should take the favorable opportunity to develop the BOT project practice abilities and to invest the BOT project, which can optimize the configuring of strategy resources and promote the financial efficiency and strategy management level of construction corporations,and win the sustainable competition advantage.