Ulsan City Saves 11.6 Billion Won in Budget Through 'Contract Review'

632 Cases, 316.4 Billion Won Reviewed, Processing Time Shortened

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City saved 11.6 billion KRW in its budget last year through 'contract review.'

According to Ulsan City on the 17th, the total number of contract review cases was 632, amounting to 316.4 billion KRW. By sector, 137 construction cases worth 166.9 billion KRW were reviewed, resulting in savings of 7.9 billion KRW across 128 cases. Additionally, 495 cases related to goods and others worth 149.5 billion KRW were reviewed, saving 3.7 billion KRW in 155 cases, totaling 283 cases and 11.6 billion KRW in savings.

Analysis of the contract reviews showed that goods accounted for the largest portion with 268 cases (42.4%), followed by services with 219 cases (34.6%), and construction with 137 cases (21.7%). The number of goods-related cases increased by 24% compared to the previous year's 216 cases, due to events such as the National Sports Festival.

Ulsan City Hall.

Key savings examples include changing underground lines to overhead lines in the traffic signal construction within a children's protection zone, saving 87 million KRW. This decision was made after visiting the project site and confirming that KEPCO lines and communication lines were installed overhead, and determining that installing traffic signal lines underground would not significantly affect the cityscape.

Also, during the remodeling construction of the Tourism Foundation building, minimizing the demolition of existing ceiling facilities saved 30 million KRW in the budget.

These achievements are explained as the result of strengthening the job competencies of related public officials through specialized training, publication of contract review casebooks, and workshops inviting cost analysis experts. A thorough review process was conducted on standards, material unit prices, appropriateness of cost calculations, changes in construction methods, and elimination of unnecessary processes to preemptively filter out unreasonable contract contents.

Auditor Kim Young-sung stated, “Since the budget saved through contract reviews is used as resources for regional economic revitalization projects such as job creation, we will do our best this year as well to reduce budget waste and secure fiscal soundness by enhancing the expertise of related public officials, operating substantive cost analysis advisory meetings, and managing a rational contract review system.”

In addition, the Ulsan City Auditor received positive evaluations for actively supporting events by shortening the processing period for review projects, including 24 cases such as the creation of the event operation office and installation of promotional facilities for the National Sports Festival preparations, from 10 days to 3 days.

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