Suwon City Achieves Budget Savings Through Effective Contract Review... Recognized as an Excellent Institution for Two Consecutive Years

The city of Suwon in Gyeonggi Province has been recognized for excellence in overall contract review for sound and efficient financial management.

On the 17th, Suwon announced that it was selected as an outstanding institution in the '2022 City and County Contract Review Operation Evaluation' conducted by Gyeonggi Province.

Gyeonggi Province previously evaluated all 31 cities and counties in the province on overall contract review, including budget savings, appropriateness of reviews, and proactive administration of contract reviews.

As a result of the evaluation, Suwon was named an outstanding institution for the second consecutive year.

In this evaluation, Suwon actively operated the contract review system to save the budget. Last year, contract reviews were applied to a total of 294 projects including construction, services, and manufacturing and purchasing of goods, reviewing the appropriateness of base amounts and estimated prices. Through this, it reduced the budget by 3%, or 3.4 billion KRW, out of the total target amount of 117.9 billion KRW.

In addition to contract reviews, Suwon introduced design change monitoring for the first time last year. By monitoring 25 construction projects with design changes, it evaluated the appropriateness of the changed costs (a total of 980 million KRW) and corrected inappropriate amounts (approximately 25 million KRW).

A Suwon city official stated, "We will continue to make active efforts to achieve both sound financial management and smooth project promotion by ensuring that budgets are not wasted through rational and accurate contract reviews."

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