The Government Investment Project Completion Settlement Cost Overruns Factor Analysis

Government introduced a large number of relevant management measures to strengthen the government invested projects management, improving the effectiveness of government investment, promoting the healthy development of society in our country, but the problem of investment out of control has not been solved. For a long time, many scholars believe that it is particularly important in upfront investment control, but as the construction project master data is limited, it is very difficult to do investment control in early decision stage; meanwhile, the key process is in implementation stage in which contract is implemented. It couldn’t be ignored that to strengthen the control of main factor that influence the settlement overruns in implementation stage, which includes long construction period, lots of influence factors, material cost changes, the complexity of engineering site. Therefore, it is of great significance to find the factor that leading the government investment project completion settlement exceeds the contract price (or budget price).Firstly, this article introduces the research background, content, significance, domestic and foreign research situation, research methods, idea of this paper, chapter’s content arrangement. Secondly, it selects 28 completion settlement cases of government investment project and proposes the factor sequence that affects the completion settlement cost by inheritance and reference to the predecessors’ research results. Finally we get a conclusion that engineering change, engineering technical and economic visa have bigger impact on the completion and settlement by using grey correlation analysis model of influencing factors, using multiple regression analysis model to establish influencing factors and the number of project completion settlement cost overruns (function), to judge all the factors that impact on project completion settlement cost overruns on the independent variable coefficient. The research ideas and methods in this paper could be referred by government in actual project management investment control, to control project completion settlement cost overruns as far as possible, to improve the effectiveness of government investment, and thus to improve the government’s credibility.