Level:
Basic
TCM Section(s):
4.1. Project Implementation
6.1. Asset Performance Assessment
Venue: 2022 AACE International Conference & Expo
Abstract: The theme park industry is growing rapidly in China; however, some of the theme parks have a low visitor turnover because of their non-immersive design elements. Some of the parks had to shut down and were a poor investment. Non-immersive experiences are created by a combination of functions and the overall quality of the theme park, which are in turn produced by a full spectrum of stakeholders, from creative designers to specialist contractors. Quality suppliers and vendors must be selected in order to build the quality of theme parks. However, due to the limitations of China’s public tendering law, the public tendering process might select players that tender at a low price but complete the contract with big claims, which is not rare in China. How can a theme park developer select vendors with previous experience and, at the same time, comply with China’s public tendering laws? This study first analyzes all the public tendering laws in China and then divides the procurement structure into “Public Tendering” and “Invited Tendering.” Based on the nature of the service provided and the FIDIC (Federation International Des Ingenieurs-Conseil) contract’s template, each category is further divided into consultants, specialist contractors, facility equipment, ride and show equipment, and performance packages, with the managing plan, recommend, negotiate, and select processes as the procurement framework. This model is utilized and validated at case study section. The model can assist developers in executing projects successfully. Engaging a knowledgeable tendering agent, having clear objectives, and controlling the procurement process are key to procuring the right vendors in China in compliance with public tendering laws.
TCM Section(s):
4.1. Project Implementation
6.1. Asset Performance Assessment
Venue: 2022 AACE International Conference & Expo
Abstract: The theme park industry is growing rapidly in China; however, some of the theme parks have a low visitor turnover because of their non-immersive design elements. Some of the parks had to shut down and were a poor investment. Non-immersive experiences are created by a combination of functions and the overall quality of the theme park, which are in turn produced by a full spectrum of stakeholders, from creative designers to specialist contractors. Quality suppliers and vendors must be selected in order to build the quality of theme parks. However, due to the limitations of China’s public tendering law, the public tendering process might select players that tender at a low price but complete the contract with big claims, which is not rare in China. How can a theme park developer select vendors with previous experience and, at the same time, comply with China’s public tendering laws? This study first analyzes all the public tendering laws in China and then divides the procurement structure into “Public Tendering” and “Invited Tendering.” Based on the nature of the service provided and the FIDIC (Federation International Des Ingenieurs-Conseil) contract’s template, each category is further divided into consultants, specialist contractors, facility equipment, ride and show equipment, and performance packages, with the managing plan, recommend, negotiate, and select processes as the procurement framework. This model is utilized and validated at case study section. The model can assist developers in executing projects successfully. Engaging a knowledgeable tendering agent, having clear objectives, and controlling the procurement process are key to procuring the right vendors in China in compliance with public tendering laws.