Welcome to Francis Academic Press

International Journal of Frontiers in Engineering Technology, 2022, 4(2); doi: 10.25236/IJFET.2022.040210.

Research on Project Cost Management under the Mode of Bill of Quantities Valuation

Author(s)

Han Luyue1,2, Liu Chang3, Ren Zhaojun1, Zhang Xiuyan1,2, Yang Huiqin1

Corresponding Author:
Ren Zhaojun
Affiliation(s)

1School of Civil Engineering, Binzhou Polytechnic, Binzhou, China

2New Era University College, Kajang, Selangor, Malaysia

3Binzhou Land Consolidation and Reserve Center, Binzhou, China

Abstract

With the increasing demand of our country linking with the International Valuation Model, it is a trend to change the traditional project quota valuation model and Adopt The new valuation model of Bill of quantities. This pricing model is more close to the market economy, it is by each construction unit according to their own technical level and comprehensive strength of the situation independently quoted price, through market competition reasonable low price winning bid pricing model. If the enterprise wants to win the bid at a reasonable low price, it can only take measures to save the cost and reduce the cost. Therefore, in order to improve the competitive advantage of enterprises, to promote the profit maximization, list pricing model to strengthen cost management research has become a topic of concern to construction enterprises.This paper summarizes the advantages of the mode of bill of quantities valuation and the necessity of cost management under the mode by studying the methods and principles of quota valuation and Bill of Quantities Valuation. This paper studies the cost management in the construction stage under the mode of list quotation, and discusses in detail from the aspects of cost plan, cost control, cost accounting, cost analysis and examination. The study of this paper has played a certain guiding and reference role in standardizing the cost management of construction enterprises.

Keywords

Pricing mode of engineering quota, Valuation Model of Bill of Quantities, Cost Management

Cite This Paper

Han Luyue, Liu Chang, Ren Zhaojun, Zhang Xiuyan, Yang Huiqin. Research on Project Cost Management under the Mode of Bill of Quantities Valuation. International Journal of Frontiers in Engineering Technology (2022), Vol. 4, Issue 2: 63-69. https://doi.org/10.25236/IJFET.2022.040210.

References

[1] Zhang Huanan, analysis of economic attributes and application of engineering quota, Railway Engineering Cost Management, 2014.7

[2] Zhou Yanfei, the position and function of project quota in project cost management, House and Real Estate, November 2015.

[3] Tang Jianqing, discussing the role of project quota in the construction project transaction stage, "Construction Science and Technology", 2012.9

[4] Institute of Standards and Quotas, Ministry of Construction, Valuation Specification of Construction Engineering Bill of Quantities, China Planning Press, April 2013, P 21-25

[5] Yue Zhong, a brief talk on the valuation of engineering quantity list in engineering cost management, China Science and Technology Expo, 2010.3

[6] Zhou Jiacheng, Mao Cong, Guo Linan, Comparative analysis of bill of quantities valuation and project quota valuation, Decision Exploration, 2014.11.

[7] Ren Haiping, Cost Management Strategy of Engineering Project under Bill of Quantities Pricing Mode, Shanxi Architecture, September 2015

[8] Wang Deyu, loopholes and coping strategies in construction cost management of construction projects, Research on Engineering Technology, 2017.1

[9] Sun Yongbiao, Qi Suyu, Cost Prediction and Control in Construction Project Implementation Stage, Engineering Technology Research, October 2016.

[10] Yan Bingxing, Liu Yiqing, Analysis on Cost Control and Measures of Construction Projects, Real Estate Guide, July 2015

[11] Li Guohong, Research on the Cost Accounting Method of Construction Engineering, China's Collective Economy, October 2015.

[12] The reform and improvement of cost assessment index system, Business Economy, 2015.8