Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts
Regarding a significant shift in the project delivery methods, principal contractors of megaprojects may be responsible not only for engineering, procurement, and construction but also for financing the projects through different methods. This model of project delivery brings benefits in terms of th...
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| Format: | Article |
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Defence Industries Training and Research Institute
2020-08-01
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| Series: | بهبود مدیریت |
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| Online Access: | https://www.behboodmodiriat.ir/article_113837_e7873034e881757dc6e6ca6e7308972a.pdf |
| _version_ | 1827996969199468544 |
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| author | Mohammad Hamed Imam Jomeh Zadeh Saeed Akrami Mahmoud Ershadi |
| author_facet | Mohammad Hamed Imam Jomeh Zadeh Saeed Akrami Mahmoud Ershadi |
| author_sort | Mohammad Hamed Imam Jomeh Zadeh |
| collection | DOAJ |
| description | Regarding a significant shift in the project delivery methods, principal contractors of megaprojects may be responsible not only for engineering, procurement, and construction but also for financing the projects through different methods. This model of project delivery brings benefits in terms of the active participation of the private sector in the project financing process. However, the implementation of this delivery model would be quite challenging for principal contractors that need to consider both operational and financial matters in the delivery of a megaproject. The private sector should be involved in financing large-scale projects but, in the meantime, proper support of the government is needed. Although several studies have been conducted to explore aspects of EPCF projects, further research is needed to uncover problems associated with the financing of these projects. Hence, this study attempts to identify and prioritize the challenges of financing EPCF megaprojects. The main challenges were identified from the perspective of project management experts. After consolidating outcomes using the grounded theory approach, a group TOPSIS method was adopted to validate the findings and prioritize the challenges. This study contributes to a better understanding of the challenges associate with financing EPCF projects and encourages both practitioners and researchers to elaborate on permanent solutions to such problems. |
| first_indexed | 2024-04-10T05:21:01Z |
| format | Article |
| id | doaj.art-1c618ca520a2495db37caa6dac8e12a8 |
| institution | Directory Open Access Journal |
| issn | 2251-8991 2783-090X |
| language | fas |
| last_indexed | 2024-04-10T05:21:01Z |
| publishDate | 2020-08-01 |
| publisher | Defence Industries Training and Research Institute |
| record_format | Article |
| series | بهبود مدیریت |
| spelling | doaj.art-1c618ca520a2495db37caa6dac8e12a82023-03-08T07:27:53ZfasDefence Industries Training and Research Instituteبهبود مدیریت2251-89912783-090X2020-08-0114211714510.22034/jmi.2020.113837113837Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contractsMohammad Hamed Imam Jomeh Zadeh0Saeed Akrami1Mahmoud Ershadi2PhD in Construction and Project Management, Faculty of Arts, Tarbiat Modares University, Tehran, Iran.MSc in Construction and Project Management, Faculty of Arts, Tarbiat Modares University, Tehran, Iran.PhD candidate, School of Architecture and Built Environment, University of Newcastle, NSW, Australia.Regarding a significant shift in the project delivery methods, principal contractors of megaprojects may be responsible not only for engineering, procurement, and construction but also for financing the projects through different methods. This model of project delivery brings benefits in terms of the active participation of the private sector in the project financing process. However, the implementation of this delivery model would be quite challenging for principal contractors that need to consider both operational and financial matters in the delivery of a megaproject. The private sector should be involved in financing large-scale projects but, in the meantime, proper support of the government is needed. Although several studies have been conducted to explore aspects of EPCF projects, further research is needed to uncover problems associated with the financing of these projects. Hence, this study attempts to identify and prioritize the challenges of financing EPCF megaprojects. The main challenges were identified from the perspective of project management experts. After consolidating outcomes using the grounded theory approach, a group TOPSIS method was adopted to validate the findings and prioritize the challenges. This study contributes to a better understanding of the challenges associate with financing EPCF projects and encourages both practitioners and researchers to elaborate on permanent solutions to such problems.https://www.behboodmodiriat.ir/article_113837_e7873034e881757dc6e6ca6e7308972a.pdfepcfmegaprojectsproject financegrounded theorytopsis |
| spellingShingle | Mohammad Hamed Imam Jomeh Zadeh Saeed Akrami Mahmoud Ershadi Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts بهبود مدیریت epcf megaprojects project finance grounded theory topsis |
| title | Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts |
| title_full | Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts |
| title_fullStr | Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts |
| title_full_unstemmed | Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts |
| title_short | Evaluating the Barriers of Financing EPCF Projects in Iran: an overview of developments in EPCF contracts |
| title_sort | evaluating the barriers of financing epcf projects in iran an overview of developments in epcf contracts |
| topic | epcf megaprojects project finance grounded theory topsis |
| url | https://www.behboodmodiriat.ir/article_113837_e7873034e881757dc6e6ca6e7308972a.pdf |
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