"Prevented Unnecessary Budget Waste!" Gyeongsan-si, Gyeongbuk, Awarded 'Best Excellence' in Contract Cost Review Evaluation

Saved 8.9 Billion Won Budget in Construction, Service, and Goods Procurement

On the 17th, at the 2021 Contract Cost Review Operation Evaluation Awards Ceremony held in Gyeongbuk Province, Gyeongsan City received the Grand Prize.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Gyeongsan City in Gyeongbuk announced on the 17th that it won the Grand Prize in the ‘2021 Contract Cost Review Operation Evaluation’ conducted by Gyeongbuk Province.

So far, Gyeongsan City has saved 8.9 billion KRW in budget through contract cost reviews and routine audits on a total of 272 projects worth 240.9 billion KRW, including various construction works, services, and goods purchases.

This achievement resulted from customized cost reviews considering on-site conditions and a thorough examination of the appropriateness of estimated price calculations, designs, and construction methods.

Last year, to improve the efficiency of contract cost review work, the city published a ‘Technical Audit Practical Training’ booklet and distributed it to employees for use in their tasks.

Gyeongsan City plans to prioritize budget savings, establishment of fiscal soundness, and citizen safety through reasonable contract cost reviews and routine audits.

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