Study on Contractual and Relational Governance Mechanism in Energy Performance Contracting Projects Based on Life Cycle

Abstract

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.