Gimhae City Saves Over 3.5 Billion Won This Year... Strictly Enforced Through the 'Contract Review System'!

Gyeongnam Gimhae City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gimhae City, Gyeongnam announced on the 11th that it saved 3.55 billion KRW in its budget this year by utilizing the contract review system.

The contract review system is a system designed to enhance budget execution efficiency by reviewing the appropriateness of cost estimates before local governments place orders for construction, services, and goods, identifying causes of budget waste.

The city explained that since 2010, the contract review system has been applied to comprehensive construction projects over 300 million KRW, specialized construction projects over 200 million KRW, service contracts over 70 million KRW, and goods purchases over 20 million KRW ordered by local governments and public institutions.

Since 2017, the city has annually conducted standardization services for project costs by construction type tailored to actual site conditions, and in February of this year, it carried out standardization services for construction waste disposal fees and transportation costs. This allows each department to apply standard unit prices during design to prevent budget losses caused by excessive design.

A city official emphasized, "Up to September, we reduced 275 cases amounting to 3.55 billion KRW, which is significantly higher than last year's budget savings of 271 cases and 2.78 billion KRW."

The city also reported that it conducts special audits on the management status of construction projects under construction within the city twice a year, in the first and second halves.

This is to prevent safety accidents and poor construction by conducting on-site inspections of facility safety management, quality control at each construction stage, and the implementation status of major material inspections.

Auditor Jeong Unho said, "We will continue to activate preventive audits that eliminate causes of budget waste through thorough reviews," adding, "We will prevent poor construction and strengthen local fiscal soundness."

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