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A CONCEPTUAL FRAMEWORK FOR CLIENT FINANCED CONSTRUCTION AND NON-TRADITIONAL APPROACHES FOR FINANCING CONSTRUCTION WORK

机译:客户融资建设的概念框架和融资工作的非传统方法

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The basic premise of the client-financed-construction philosophy is that those who commission servicernproviders must not only pay for their services for the cost of their labour, materials, plant andrnequipment but do so in a manner that adds value to all parties. A new framework for proposing,rnevaluating and implementing such systems has been conceived which is used for evaluating three nontraditionalrnapproaches for financing construction work, and thereby validating the framework. Thernthree approaches, namely, ‘rolling advance payment’, ‘rolling material price advance’, and ‘directrnfinancing’ have been described and analysed with the ‘rolling advance payment’ approach beingrndescribed as a revolutionary approach for solving problems connected with financing contractors andrnas an approach that has much potential to add value to all parties. The two systems are particularlyrnuseful as a crisis management system in projects saddled with cash flow problems bringing ‘life’ tornalmost ‘dead’ projects with potential benefits to all parties. The paper calls for good constructionrnproject management as an essential condition for implementing these schemes with particular attentionrngiven to risk management and local construction culture.
机译:客户资助的建设理念的基本前提是,委托服务提供者的那些人不仅必须为他们的劳力,材料,厂房和设备的费用支付服务费用,而且还必须为所有各方增加价值。已经提出了一种提议,评估和实施这种系统的新框架,该框架用于评估三种非传统方法来为建筑工程提供资金,从而对该框架进行验证。描述和分析了三种方法,即“滚动预付款”,“滚动材料价格预付款”和“直接融资”,其中“滚动预付款”方法被描述为解决与融资承包商有关的问题的革命性方法,具有为所有各方增加价值的巨大潜力。这两种系统作为现金流问题困扰的项目中的危机管理系统特别有用,使“生命”几乎变成“死亡”项目,给各方带来潜在利益。本文要求良好的建设项目管理是实施这些计划的必要条件,尤其要注意风险管理和当地的建设文化。

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