Gurye-gun Achieves Significant Budget Savings Through Pre-Contract Review
About 1.2 Billion KRW Saved Last Year Through 90 Contract Reviews
[Asia Economy Honam Reporting Headquarters Reporter Yuk Miseok] Gurye-gun announced on the 16th that the pre-contract review system it is implementing is drawing attention for its significant budget-saving effects.
Gurye-gun conducted a total of 90 contract reviews last year, through which it is estimated to have saved about 1.2 billion KRW in budget.
Gurye-gun internally reviewed 68 cases, saving approximately 400 million KRW, and requested reviews from Jeollanam-do for 22 cases, saving about 800 million KRW.
The contract review system implemented by Gurye-gun is a system that conducts prior reviews on cost estimation or excessive design for construction, service, and goods procurement projects exceeding a certain amount.
This system not only has the effect of saving budget but also has the advantage of preventing poor construction and improving project quality.
Currently, the contract review targets for the county’s own projects are construction amounts of 300 million KRW or more, service amounts of 70 million KRW or more, and goods procurement of 20 million KRW or more. For projects requesting review by Jeonnam Province, the targets are construction amounts of 500 million KRW or more, service amounts of 200 million KRW or more, and goods procurement of 20 million KRW or more for national and provincial subsidy projects.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- "Target Price Set at 970,000 Won"... Top Investors Already Watching, Only an 'Uptrend' Remains [Weekend Money]
A county official stated, “Since many projects are scheduled this year as well, we will actively strive to achieve both budget savings and quality improvement through thorough implementation of the contract review system, including efficient cost calculation and meticulous review of design details.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.