A Decision Support System for Plot Pricing of BO T Projects in the State of Kuwait

Build-Operate-Transfer (BOT) projects in Kuwait have increased in number, size and type over the last couple of decades. The usage of an inflexible annual rental rate as a plot pricing system which disregard social gain, environmental considerations, general economic conditions, etc. has led to a sub-optimum level of public revenue and inadequate protection of the public fund. And 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, cancelation 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 1 , this paper presents a decision support system for the Plot Pricing of BOT Projects in the State of Kuwait. The decision support system includes a multidimensional plot pricing model specified in [1]. The objective of the decision support system is to create an environment that would directly enable the maximization of public revenue and indirectly provide the necessary protection of the public fund.