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A Study On The Investment Control Of A University (Guangzhou Higher Education Mega Center Campus) Construction Project

Posted on:2013-05-04Degree:MasterType:Thesis
Country:ChinaCandidate:J L LuoFull Text:PDF
GTID:2247330395975726Subject:Architecture and Civil Engineering
Abstract/Summary:PDF Full Text Request
Investment control, as a difficult point and one of the three goals of constructionmanagement, is gaining more and more attention from all parties. Taking the investment controlof Guangzhou University of Traditional Chinese Medicine (Guangzhou Higher Education MageCenter campus) construction project as an example, this essay studies the investment controlprocess and effect of this project by analyzing different phrases of the plan, including feasibilitystudy, designing, biding, constructing and acceptance check.The Investment Review Center of Guangzhou Finance Bureau validates that the settlementamount is1,308,116,300yuan,17.84%(284,081,400yuan) less than the estimated budget,1,592,197,700yuan. Investment control plays an important role in bringing this project goodeconomic benefit. From this case, we can draw some solution on enhancing investment controlof construction project such as renovating management model, developing rigorous system,implementing whole-process dynamic investment control and so on. Still, GuangzhouUniversity of Chinese Medicine is still confronted with many problems in its operation, such asrenovation of the water pipe network of the living quarters and modification of the campussecurity video supervision system. These problems have led to the rise of engineeringmaintenance cost. Close investigation reveals that these problems are the result of reasons suchas imperfect organizational and management model, deliberate attempt to expand the scale ofconstruction, lack of in-depth demonstration beforehand, insufficient functional analysis by theschool authority, rough designs, and non-standard construction. Therefore, efforts should bemade to put an end to the “fast-track approach” from the perspective of controlling the cost ofthe whole life cycle of construction projects. In this way, we will be able to put forward relevantstrategies and measures for enhancing the effect of tightening investment control overconstruction projects. Various aspects will be covered, including constantly improving theorganizational and management model of construction projects, following the capitalconstruction procedures, having the government appoint independent audit organization to carryout follow-up auditing in the whole process.In this article, I study the case by comparison and theory-practice analytical method.Under the quantitative and qualitative analytical methodology, I find investment controlinfluenced by many aspects, such as investment control methodology adopted, themanagement model and system of the construction unit and other parties involved,including the construction cost practitioners. Only if all the above factors are approvedcan construction units effectively control the investment. And the efficiency is therefore approved.
Keywords/Search Tags:Guangzhou HEMC, construction projects, investment control
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