Subsequent Supervision Over Engineering Cost Of State-owned Fund Projects After Successful Bidding

At present, there are a variety of issues in subsequent supervision over engineering cost of state-owned fund projects after successful bidding addressing loopholes at levels of both system and practical management, which is a direct but negative contribution to the maintenance and appreciation of the state-owned assets and, even worse, having an adverse impact on sound development of construction market and the anti-corruption. For the moment, responsible bodies pay much attention to the study of procedures prior to bidding and methods associated with bidding as evidenced with a comparatively complete set of laws and regulations, while little importance has been attached to subsequent monitoring. In practice, it's one of the key stages of engineering cost management from the moment of successful bidding to final settlement. A tight bidding control but loose on-going watch on projects would make bidding meaningless to be an expensive game.The thesis, with Shenzhen state-owned fund projects that have been successful bidden as its research object, and via calculating and analyzing a great number of practical projects, identifies four major issues prevailing in engineering cost from successful bidding till final settlement, including: 1. price-marks the relative sign base price to float down in a bigway, excessively competes the phenomenon to be obvious. 2. settlement prices in excess of bidding price by large proportion in most projects; 3. overall engineering cost on the lower side due to vicious competition; and 4. settlement price less than actual expenditure mostly without considering factors such as design alternation, visa and additions of construction, consequently loss incurs with the construction units.In response to the issues as stated above, causes are explored and summarized as follows: 1. effects of the current evaluation methods on bidding, construction contract and subsequent project management; 2. implications of construction contract management; 3. consequences of problems arising during the process of construction, typically like design alternation, project visa, claims, project quality security, construction progress, etc. Accordingly, measures and actions to deal with such issues are brought forward, e. g. a subsequent supervisory system over engineering cost is tentatively described and, further, feasibility and significance of implementation and management of the system by means of pilot monitoring example is discussed.In the finality, the thesis outlooks the research subject specified as: appears for the government department responsible for the work to beconnected the policy, strengthens is selected project followingsupervising and managing, guarantees the state asset to guarantee thevalue to rise in value, the improvement construction enterprisemanages the environment to provide the reference; offering guidance and reference for construction units to understand Code of Valuation with Bill Quantity of Construction Works to satisfy themselves for scientific management, block-up of loopholes and moderately avoiding risks; providing directions and suggestions for construction units to operate in integrity, compete fairly, elevate quality and cut down cost.