Research On Selection Of Project Delivery System Of Government Investment Project Under The Social Capital

At present, China has taken a positive fiscal policy, the scale of investment xpanding.Government investment projects has become a driving strong force of local conomic growth. And the selection of project delivery system of government investment projects has very important implications for the success of the project, largely determine the isk-sharing between the owner and contractor, transaction costs and the efficiency of the project. The selection of project delivery system of government investment projects covers project procurement model and its corresponding contractual arrangements. However, The ;election of project delivery system of government investment projects mainly on account of he properties of the project, management ability and experience of the owner and other actors, as for the factors of contractual arrangements under the selected mode and selection nechanisms considered inadequate. However, any item transactions are carried out in particular social environment. The trust, organizational relationships, social resources and )ther elements of social capital in the project environment Influence performance of different project delivery system. Therefore, this paper introduces the amount of social capital in the ;election process of project delivery system of government investment projects, and establishes a selection mode of project delivery system of government investment projects to idapt social capital and not the full extent of contract.This paper uses grounded theory research methods, take non-structured interviews way to get qualitative research data, through open coding, coding of the spindle, and selective lecoding, obtains four main areas of influencing factors of selection of project procurement nodel, project properties,self-awareness of owners, the market environment and control ;onfiguration. And analyze influencing factors and the relationship among them of selection of project procurement model of government investment projects, propose regulatory nechanism of the market environment and mediating role of control configuration, to build; ;onceptual model of influencing factors of selection of project procurement model of government investment projects.This paper uses risk sharing incomplete degree indicators to measure the extent of ncomplete contracts, social capital divided into structural dimensions, the cognitive dimension, relational dimension. Using multiple linear regression method to establish adapted elationship among the not the full extent of contract and structural dimensions, the cognitive dimension, relational dimension of the social capital. Not the full extent of the contract as the dependent variable, structural dimensions, the cognitive dimension, relational dimension of he social capital as independent variables.The indexes of not the full extent of the contract and structural dimensions, the cognitive dimension, relational dimension of the social capital are weighted using principal component analysis.Finally, develop recommendations of each level not the full extent of the contract.A framework for selection of project delivery system of government investment projects, hat is select the project procurement model, then design not the full extent of the contract on he basis of a measure of social capital, to complete selection of project delivery system of government investment projects.