Hwaseong City Saves 13.8 Billion Won Over 3 Years Through Contract Review System

Hwaseong City announced that it has saved approximately 4.08 billion won in budget through the contract review system, which was implemented last year to ensure efficient budget execution.

The contract review system examines the appropriateness of cost calculations and other aspects of projects valued at 100 million won or more for construction, 50 million won or more for service contracts, and 20 million won or more for goods procurement based on the contract amount. The system is designed to enable efficient budget management.

The institutions subject to review include the city itself, as well as Hwaseong Urban Development Corporation, Hwaseong Culture Foundation, Hwaseong Talent Development Foundation, and Hwaseong Welfare Foundation.

The Audit and Inspection Division stated, "Since the implementation of the contract review system, we have not only achieved budget savings but also made efforts to share information, such as disseminating contract review cases to enhance the cost-reduction mindset of civil servants and develop their professional technical capabilities," adding, "We will continue to make efforts to prevent recurring design errors and promote a wider spread of the cost-reduction mindset."

Meanwhile, the city has reviewed a total of 832 projects through the contract review system since 2011, achieving cumulative budget savings of 13.8 billion won as of last year.