Research On Valuation Methods Of Xiangyang Wind Power Site Project (Fitfh Phase)

Xiangyang Wind Power Site is one of the large enterprises by wind power in thenortheast of China. Its fifth phase of the project has taken two kinds of valuationmethod of quota and bill of quantities. In the practical process of Xiangyang WindPower Site project (fifth phase), we made a comparative analysis of two valuationmethods, and got a clear understanding further of their essence and trends.At present, valuation methods in our construction markets still are in a period oftransition. The practical process of the usages of valuation models in XiangyangWind Power site project use of two valuation models. In pace with managingvaluation mechanism being perfected day by day, between the two models willproduce great changes necessarily, and the valuation method of bill quantities willsubstitute for traditional quota valuation method wholly.The valuation method of the bill of quantities is one of scientific and reasonablemethods of cost estimate and valuation in construction industries. As a market pricingreform goal of the “market forming price” in our country, it benefits to the healthydevelopment of our construction market. The scientific nature, advanced nature,precise nature of this methods have already been proved by the practice en which iswidely adopted in the control investment in capital construction by the countries andregions whose market economy is more developed.The implementation of “the Quantities Bill Valuation Standard in ConstructionProject (GB50500-2003)” is the important content of China’s deepening project costimportant measure to regulate the construction market economic order. It is an important measure to regulate the construction market economic order. The valuationstandard is a kind of market pricing model. It is a model that the supplying andrequisitioning parties in the construction market free bid and finally sign the contractprice, according to the supply and demand situation and information. It is conduciveto promote the transition of government function, to effectively control theengineering cost, to the reasonable determination of the construction cost in an open,fair and just competition environment. Thus it’ll improve the benefit of investment,make the construction engineering cost step to a new stage of development.At last, in view of existing problems of two models in the practical process,some constructive suggestion are put forward for the benefit of the method of billquantities being put into practice totally in construction projects.