Welcome to Francis Academic Press

Academic Journal of Engineering and Technology Science, 2021, 4(2); doi: 10.25236/AJETS.2021.040210.

Analysis on the preparation of construction cost business

Author(s)

Zhang Fengrong

Corresponding Author:
Zhang Fengrong
Affiliation(s)

Ruihe Anhui Project Management Group Co., Ltd., Shijiazhuang, Hebei, China

Abstract

The construction cost business mainly includes the preparation of bill of quantities, the preparation of the tender control price, settlement auditing, and the whole-process cost management. Specifically, bill of quantities is the basic document of the bidder’s unified quotation provided by the tenderer. The tender control price is the maximum construction cost limited by the bidder on the proposed construction project, which is also called block bid price, bid control price or the highest quotation. The settlement auditing refers to the process of the construction enterprises handling the project price settlement with the construction unit (owner) in accordance with the contract and the completed project quantities. Generally, the construction unit entrusts a consulting agency with appropriate qualifications to calculate and review the submitted settlement until all parties perform links such as confirming the amount. The whole-process cost management is the process of investment management for all or part of the construction project from decision-making to completion.

Keywords

bill of quantities, tender control price, settlement

Cite This Paper

Zhang Fengrong. Analysis on the preparation of construction cost business. Academic Journal of Engineering and Technology Science (2021) Vol. 4, Issue 2: 61-67. https://doi.org/10.25236/AJETS.2021.040210.

References

[1] Hu Yong, Guo Jianmiao, Liu Zhiwei (Editor-in-chief), Chen Zhipeng, Chen Guojiang, Zhang Fengrong (deputy editor-in-chief). Engineering Consulting Theory and Practice Research Series: The Theory and Operation Guide of Whole Process Construction Consulting. China Electric Power Press, 2019.

[2] Song Rui (Editor-in-chief), Guo Jianmiao, Pang Hongjie, Chen Guojiang (deputy editor-in-chief). Engineering Consulting Theory and Practice Research Series: The Theory and Operation Guide of Construction Project Investment Control. China Electric Power Press, 2019.