Study On Project Cost Management Of Government Investment Project

Due to linking up with national development and citizen live hood, among China’s infrastructure investment projects, the government investment occupies its importance over time. Along with the economic level rising and people’s living quality promoting steadily, the scope and size of government investment is enlarging continuously. But there are numerous matters followed with the rising speed of infrastructure. Under market economic system, in charge of the project funds may exist lot of matters among the course, which doesn’t match with the instantly condition and not be solved by government, directly causes the phenomenon of financial estimation exceeding budget, budget exceeding financial estimation and final accounts exceeding budget.This article focus on the two aspects of the government investment project, project cost and capital management, making an in-depth study of the government investment project cost’s main features in each step, like decision-making, design, construction, completion and etc.. Illustrating of the Caofeidian Free Trade Zone First-Phase Bonded Project, I will give an elaborate exploration and analysis about its project cost, clearing- up the management and construction method of each step needed. In addition, I expect to give counsel suggestion to government for investing project by it.This article will combined with a vast of fact as basis, by researching literature and data, to make an all-around study of the Caofeidian Free Trade Zone First-Phase Bonded Project, give my understanding and opinion about arisen matters in decision-making, design, construction, completion and other aspects, direct at the government investment project cost’s main features. It mainly divides into the following parts: completing the management method of government investment project-to set up a sane government mechanism, law and regulation to realize controlling and standard; formulating scientific and effective estimation to offer advice by elaborate analysis; optimizing public bidding and tendering system, government should increasing supervision to avoid mistakes and error; design process is demanded to carry out quota management; sustaining enhance employee’s technical merit and capability; the upper trace and supervisory by government should be put on agenda to give timely and management.