Abstract: Finance-construction on consignment is a new investment management mode that sources from PFI for public projects.This paper tends to establish a model of comprehensive cost analysis with application of finance-construction on consignment in university towns and proves that the factors,such as construction cost saving,operation efficiency and self-support ratio of construction capital,are vital to the feasibility of the mode.After the functional mechanism of this mode concerning university towns is established,the author suggests that much attention should be paid to the role of university as project user and service receiver in the public-private partnership of government,universities and private capitals.