F+EPC模式下建设项目承包方风险分析  

Risk Analysis of Contractors in Construction Projects under the F+EPC Model

作　　者：甘月 李世伟 余世杰 GAN Yue;LI Shiwei;YU Shijie(School of Civil Engineering and Architecture,Southwest University of Science and Technology,Mianyang 621010,China)

机构地区：[1]西南科技大学土木工程与建筑学院,四川绵阳621010

出　　处：《建筑设计管理》2025年第1期37-42,共6页Architectural Design Management

摘　　要：“F+EPC”融资模式在具体项目实施中具有操作简单、实施效率高、实施年限短等特点,逐渐在国内市场得到广泛推广和运用。但是在该模式下,总承包方在获得项目的同时也需要承担更多的风险,本文基于总承包方的视角,利用文献分析法识别和筛选出在F+EPC模式下总承包方存在的风险,建立风险因素指标体系;考虑到各个风险因素之间的相互影响关系,引入解释结构模型(ISM)对风险因素分成六个层级,并将六个层级分为直接因素、中间因素、核心因素和根本因素四类。结果表明:建设成本风险、投资回款风险和融资还款风险是“F+EPC”项目中总承包方面临的直接风险因素,是项目风险管理的目标和难点。T he"F+EPC"financing model,characterized by its operational simplicity,elevated implementation efficacy,and abbreviated execution duration,has progressively garnered extensive promotion and application in the domestic market.Nonetheless,this model imposes augmented risk burdens on main contractors concurrent with proje ct acquisition.From the perspective of the main contractors,this study identifies and filters the risks they face under the F+EPC model using literature analysis,and establishes a risk factor index system.Considering the interrelationships among various risk factors,the Interpretive Structural Modeling(ISM)is deployed to categorize risk factors into six levels,which are further classified into direct factors,intermediate factors,core factors,and fundamental factors.The findings reveal that risks associated with construction costs,investment returns,and financing repayments constitute the direct risk factors faced by main contractors in"F+EPC"projects,representing the goals and challenges of project risk management.

关 键 词：F+EPC 总承包方 风险管理 解释结构模型 

分 类 号：F284[经济管理—国民经济]