| Title |
Assessment of the Impacts of 「Pre-Compensation and Post-Construction Policy」on Public Construction Projects |
| Authors |
Kim, Sang-Bum ; Choi, Jeong-Won |
| Keywords |
Efficiency Enhancement Plan for Public Construction Projects ; Cost Down Pre-Compensation and Post-Construction Policy ; Quantitative Performance Assessment |
| Abstract |
'Pre-compensation and post-construction policy' (PCPC) is a part of public project performance improvement policies (PPPIP) whose purpose is to reduce the construction project cost by 20%. This research focuses on measuring the quantitative and qualitative impacts of PCPC on public construction projects. The evaluation of PCPC was conducted using five performance indices which are measuring performance improvement in terms of project cost and schedule. The analysis results show that implementation of this policy reduced 4.8% of public construction project budget while playing a positive role in shortening the project schedule. |