Leading the Revitalization of Specialized Construction Industry! … Gumi City Holds 'Meeting for Fostering and Protecting Specialized Construction Industry'

On the 25th, Gumi City in Gyeongbuk held a meeting titled "Discussion on Revitalizing Specialized Construction Industry Following the Restructuring of the Construction Sector and the Expansion of Major Industries."

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Gumi City, Gyeongbuk, held a 'Meeting for the Revitalization of Specialized Construction Industry' on the 25th in response to the reorganization of construction business sectors and the expansion into large business categories.

Through the 'Meeting for the Revitalization of Specialized Construction Industry' held last November, opinions were exchanged to prepare measures to revitalize the specialized construction industry by opening mutual markets between general and specialized construction industries due to the reorganization of construction business sectors.

This year, despite the expansion into large construction business categories and the reorganization of construction business sectors, a session was arranged to seek practical revitalization measures due to the economic recession caused by the ongoing COVID-19 pandemic and the many difficulties in mutual market entry between general and specialized construction industries.

Currently, with the abolition of business sectors, the main contractor joint contracting system is being implemented, where general and specialized construction companies jointly bid and contract, and construction work is divided among members for execution.

At bidding, only the main construction business sector is listed, allowing companies with a single specialized business sector to enter the general construction market.

Also, for construction projects with an estimated amount between 200 million and less than 300 million KRW, if the government-supplied material cost accounts for one-third or more, participation of general contractors in bidding may be restricted.

Byeon Yong-su, Deputy Mayor of Gumi City, said, “Despite the soaring construction material costs and economic recession caused by COVID-19, we will strive for the development of the local construction market by reflecting the various opinions raised at this meeting.”

This content was produced with the assistance of AI translation services.