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Enhancing Value of Public Construction Projects by Improving Contract Review Process
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 Title & Authors
Enhancing Value of Public Construction Projects by Improving Contract Review Process
Song, Sang-Hoon; Bang, Jong-Dae; Cho, Gun-Hee; Sohn, Jeong-Rak; Jung, Sang-Ho;
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 Abstract
This study aims to suggest the method to enhance the value of public construction project during contract review process considering budget reduction for project profit and public interest enhancement simultaneously. The main results of this study are as follows: (1) Current method are considered to be improved from the point that cost reduction through current method could influence performance of the object of contract without conforming to user requirements or facilities' function. (2) In order to supplement current process, the method to evaluate the variation of performance and value was established based on facility type, participants on each phase, and their requirement. (3) Case study was conducted to verify suggested method, and showed the successful application in enhancing the value of construction projects on public sector.
 Keywords
Contract review;Value engineering(VE);Value;Performance;Cost reduction;
 Language
English
 Cited by
 References
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