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Volume :16 Issue : 2 2009      Add To Cart                                                                    Download

A Plot Pricing Decision Support System Framework for the State of Kuwait

Auther : Abbas A. Al-Mejren
Hameed A. Al-Qaheri

The significant growth of Build-Operate-Transfer (BOT) projects in Kuwait, in number, size and type, on one hand and the utilization of a uni-dimensional public plots pricing system, such as an inflexible annual rental rate, which disregard social gain, environmental considerations, general economic conditions, etc., on the other hand, have led to the sub-optimum level of public revenue and inadequate protection of the public fund. Over a number of years, the magnitude of the losses in public revenue from these projects has led to the accusation of public fund mishandling, cancellation of many BOT contracts by the government, and the call by the National Assembly to the enactment of a legislation that would regulate the BOT projects, and establish a fair, transparent and justified pricing system for public plots of land offered to these projects. In response to this critical national problem, this paper presents the specifications of a framework for a plot pricing decision support system for the State of Kuwait including a multidimensional plot pricing model, the architecture of the framework and the functionality of its major components. The framework should be able to create an environment that will directly enable the maximization of public revenue and indirectly provide the necessary protection of the public fund.

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Nov 19, 2019

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