Open AccessStudy on Contractual and Relational Governance Mechanism in Energy Performance Contracting Projects Based on Life Cycle
Author(s) -
Zhenni Pan,
Xia Chen,
Meian Tang
Publication year - 2019
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/688/5/055069
Subject(s) - corporate governance , database transaction , business , project governance , process (computing) , transaction cost , process management , energy (signal processing) , operations management , industrial organization , computer science , economics , finance , database , mathematics , statistics , operating system
In EPC projects, the cooperative performance between ESCO and the energy users is the result of the interaction of contractual governance and relational governance, and they are related closely in all transaction process of EPC projects. According to the particularity of EPC projects and life cycle theory, the life cycle of EPC projects is divided into three stages including pre-construction period, construction period, and operation period in this paper, and the three-dimensional evaluation index of EPC project performance is defined including energy saving quantity, energy saving quality and energy saving behavior. Then the contractual-relational compound governance model based on EPC project performance is performed when summarizing the functions of contractual governance and the factors of relational governance, and the contractual-relational compound governance strategies during the full life cycle of EPC projects are put forward.