Research On Valuation Theories And Methods Of Engineering Projects

The valuating theory and methods of engineering projects in china have been in continuous improvement and perfection, which have always been the key problem concerned in the industry. In the study of valuation theory and methods of engineering projects, whether in theory or practice with the changes of the construction management system, there have always been problematic.Under this background, this article analyses and concludes valuation theory and methods of engineering project at home and abroad. It deeply studies valuation methods in investment decision-making stage, design phase and implementation phase in the field of valuation methods of engineering project. It concludes our country's valuation methods of engineering project at various stages. It puts forward improved and perfect measurements through comparing valuation methods in various stages.This article mainly completes the following tasks:(1)It summaries the valuation principles of engineering project composed by decomposition structure principle, cost combination principle and price competition principle. It puts forward new idea, and further complements and improves our country's valuation theoretical system of engineering project through in-depth analyzing its theory origin and mechanism.(2)It analyzes traditional and modern estimation methods, mainly compares its advantages, disadvantages and application advantages, analyses in detail the comparing results, and suggests improvements on insignificancy.(3)The engineering project management system mode for investment decision-making is established. That provides a reference for decision-making and establishing decision-making management information system of engineering project.(4)It analyses the valuation methods of engineering project in investment estimation phase, design phase and implementation phase, systematically summaries the applicability and problems of the valuation methods in various stages, and suggests improved methods and measurements to solve the problems. (5)It puts forward problems in valuation of Bill of Quantity from a new point of view, and suggests improved and perfect measurements to solve the problems.This paper discusses and studies above mentioned content from perspective of theoretical analysis, using inductive deductive method. That provides viable methods and recommendations for continuously improving and refining the valuation theory and methods of engineering project.