Strengthening the Evaluation of 'Safety Management Capability' in Public Construction Contracts

[Sejong=Asia Economy Reporter Son Seon-hee] The government announced on the 1st that it will strengthen related evaluations so that companies with excellent safety management capabilities can win bids in public construction contracts.

The Ministry of Economy and Finance announced on the same day that it has revised and promulgated contract regulations to strengthen safety and reduce corporate burdens. In public construction contracts, the evaluation of the 'accident fatality rate' will be strengthened in the comprehensive evaluation bidding system and the pre-qualification screening of bidders, and the 'safety management costs and quality control costs' reflected in construction costs will also be applied to the cost system for goods.

Furthermore, to reduce corporate burdens, the criteria for handling ties in the comprehensive evaluation bidding system have been improved to ensure appropriate compensation is paid to the contract counterpart. When ties occur, the standard has been changed from 'bid price' to 'proximity to balanced price' to address the issue of low bidding.

The revised contract regulations will take effect immediately from today. The Ministry of Economy and Finance stated, "With strengthened safety management in public procurement projects, it is expected to contribute to reducing safety accidents among participating company workers, establishing reasonable evaluation standards, rectifying unreasonable practices, and alleviating the burdens on procurement companies."

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