Pyeongtaek City Saves 6.993 Billion Won Through Contract Review System Last Year

[Suwon Ilbo=Reporter Seo Dong-yeong] Pyeongtaek City announced on the 8th that it saved 699.3 million won through the operation of the contract review system in 2019 across 297 projects in the fields of construction, service, and goods.

Since 2010, the city has operated the contract review system through the Auditor's Office (Technical Audit Team), adjusting incorrectly calculated quantities and unit prices as well as various provisional rates. Through on-site confirmation, the city has also eliminated unnecessary processes that did not fit field conditions and improved construction methods, thereby minimizing budget waste caused by design errors.

The city's budget-saving efforts were recognized through an excellence award in the "2014 Contract Review System Operation Evaluation" and an encouragement award in 2019.

A city official stated, "As population growth accelerates and the scale expands quantitatively, demand for various development projects is increasing, and consequently, project budgets are also rising each year. While budget savings through appropriate cost estimation are important, we will actively support project implementation by the requesting departments through rational cost calculation that considers not only unconditional reductions but also the quality of public projects."

The city plans to establish principles and standards for financial management, review the feasibility and legality of project implementation, and make every effort toward sound local financial management through continuous implementation inspections and the establishment of the review system.