Chungnam Saves 15 Billion KRW in Budget Through Contract Review in First Half of the Year

[Asia Economy (Hongseong) Reporter Jeong Il-woong] The Chungnam Province Audit Committee saved 15 billion KRW in budget through contract reviews in the first half of this year.

On the 6th, the Audit Committee announced that it achieved this result by reviewing contracts for construction, services, and goods procurement during the first half of the year.

The contract scale by sector included 323 construction contracts, 241 service contracts, and 239 goods procurement contracts, totaling 803 contracts worth 644.4 billion KRW.

The individual savings from these contracts amounted to 11.6 billion KRW from 234 construction contracts, 3.1 billion KRW from 56 service contracts, and 300 million KRW from 39 goods contracts.

The Audit Committee not only reduced budgets through contract reviews but also increased project costs for under-designed projects to improve safety and quality.

For example, the committee increased the project budget by 2 billion KRW for 82 projects, including the construction of the Asan-si Dunpo National Sports Center, to prevent poor-quality construction and services.

Additionally, by operating the "Construction Project Resource Information Sharing System," which integrates information on construction resources such as unused soil, paving blocks, culverts, and trees generated at various construction sites, real-time information was provided to places where resources were actually needed. This process recycled 140 cases of earth and stone materials, reducing the budget by 400 million KRW.

Kim Jong-young, Chairman of the Provincial Audit Committee, stated, "This year as well, the Audit Committee will take the lead in establishing fiscal soundness by ensuring that budgets are not excessively allocated or executed through routine audits and contract reviews."

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