The Research For Budget Control Of Urban Rail Transit Project

China’s urban rail transit industry has entered a rapid development period; the construction scale of project is enormous. But because of the lack of cost control standards, the total construction cost of the project overrunning the project budget has occurred, coupled with such features as:large investment, long construction period, and difficult construction, unpredictable, it’s hard to control the budget of the project. Therefore, strengthening the study of urban rail transit project budget control is imminent. Through research, find the current budget problems and improved control methods, in order for the future of urban rail transit project budget control work has played a guiding significance.This paper studied the definitions, characteristics, principles, and procedures of urban rail transit project budget control, and focused on the components of the urban rail transit project budget cost. Combined with the analysis of the importance and the characteristics of the construction cost, and the construction cost was classified into six categories. And then it found out the factors controlling construction costs within the budget and the method of construction cost control, so as to achieve the purpose of controlling the construction cost within the approved budget. In this paper, the budget control situation of "C City Metro Line A" was as a case study object. It analyzed the reasons of part of the cost exceeded the project budget, and found out the problems existing in the budget control of this case.Finally, aiming at the main problems existing in urban rail transit project budget control, this paper proposed that budget control system should be established to control the whole process of the project cost, especially to strengthen the control of the construction cost, the upfront costs and the construction loan interest which is difficult to control.This paper is divided into six parts; the main contents of each part are as follows: The first part is an introduction, mainly described the background and significance of the study, research ideas and the main method of this study.The second part is a literature review and related theories, mainly introduced the relevant domestic and foreign research situation of the construction project budget control、relevant budget control theory.The third part is the analysis of budget control theory, mainly studied the definitions of the estimate and budget control of urban rail transit project, the characteristics, the principles, and the procedure of the budget control. Combined with the importance and the characteristics of the construction cost, it classified the construction cost into six categories and explored the control points of each category.The fourth part is the case analysis, taking the budget control situation of "C City Metro Line A" as a case study object. It analyzed the reasons of part of the cost exceeded the project budget, and found out the problems existing in the budget control of this case.The fifth part is to propose urban rail transit project budget control recommendations. It proposed that budget control system should be established to control the whole process of the project cost, especially to strengthen the control of the construction cost, the upfront costs and the construction loan interest which is difficult to control, so as to achieve the purpose of controlling the construction cost within the approved budget.The sixth part is the outlook for the future. It was put forward that in order to improve the efficiency and effectiveness of urban rail transit project budget control, a sound industry should be established standard, making the budget control results known to the public, accepting the supervision of the public, so as to promote the healthy development of urban rail transit.This paper mainly used the normative research combined with case analysis method. Based on the introduction of the concepts of urban rail transit, cost control and budget control, it launched the elaboration and the research of control theory, cost control, overall budget management theory, using the theories of economics to further inquiry of urban rail transit project budget control. Finally, based on the case analysis, it proposed urban rail transit project budget control recommendations, with a view to generates some practical effects on China’s urban rail transit project budget control.The main characteristic of this article is:drawing on the cost control, overall budget management and cost control theory, based on the components of estimated cost of urban rail transit project, combined with the analysis of importance and control characteristics of the construction cost, it creatively proposed that divided the construction costs into six categories, and Implemented key control on three of them, so as to achieve the objective that controlling the construction cost within the approved budget, and promoting the healthy development of urban rail transit business.The shortcoming of this paper lies in:(1) As a part-time student, the author’s time and energy is limited.(2) The theoretical depth is not enough. Not only because the research on budget control is difficult to implement; but only because the author’s theoretical knowledge is limited, the study on the related theories of urban rail traffic project budget control in China is not enough in-depth and thorough.(3) As the accounting students, the author’s knowledge of engineering is not enough, coupled with the complex situation of actual construction, budget control proposals in this paper may be difficult to implement in the actual construction process.