Study On The Policy Of Completing The Management Of Highway Project In The Process Of Engineering

The acceptance of works for highway projects is the important part of the highwaycapital construction procedures. The main issues in the process of acceptance of works forhighway projects include such financial issues as the settlement for the works completingwith the construction companies, the toll revenue received and the relevant expendituresoccurs during the period the project have been put into trial operations, the preparation forthe final account for the completed projects, transferring the assets as a result of the projectcompletion, etc. For the reason that the regulations issued by the government for that area ofmanagement still need to be improved in order to solve the problems properly which areincurred in the highway construction and that the more discussion about these issues still beneeded, it is necessary to do more research work in this paper..The basic conclusion got from the studies can be included as follows:The toll received and the relevant expenses which are incurred in the period of trialoperations should be recorded in the profit and loss account based on the special needs ofacceptance of highway construction works.The interest expenses incurred in the period of trial operations should be treated ascapital expenditure which should be recorded in the construction cost or revenueexpenditure which should be recorded in the profit and loss account based on stage ofcompletion of the construction.For the reason that the preparation of final account of completed projects is animportant financial work, it is suggested that the final account of completed projects shouldbe prepared according to the regulation issued by the financial department other thanhighway department of MOT, and it is necessary for the MOT to correspond the regulationabout the final account of completed projects with the regulation about final account ofengineering projects.It is necessary to give the right answer that how the construction entity can prepareboth the final account of completed projects and financial final account of completed projectsThe transferring of the assets which are formed in the process of highway constructioncan be divided into three parts: transferring of physical assets, transferring of asset accountsand transferring of the responsibility of maintaining the assets. The assets of highwayinfrastructure, the equipments which need to be installed or not, and the buildings should betransferred to operating entities in deferent ways. It is necessary to enhance the scientificregulations and effective management to the remaining construction work after the finalacceptance of completed projects.Some effectiveness has been achieved in this study, but it is still needed to make moreprogress in the area of theoretical studies and the studies for the methods. The study resultsstill need to get the agreement by other scholars, and these regulations still need to beimproved and perfected on the basis of this study.