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Assessment of the Impacts of "pre-Compensation and Post-Construction Policy" on Public Construction Projects  

Kim Sang-Bum (동국대학교 토목환경공학과)
Choi Jeong-Won ((주)아이티엠 코퍼레이션 CM사업부)
Publication Information
Korean Journal of Construction Engineering and Management / v.5, no.6, 2004 , pp. 245-254 More about this Journal
Abstract
Pre-compensation and post-construction policy'(PCPC) is a part of $\ulcorner$public project performance improvement policies (PPPIP)$\lrcorner$ whose purpose is to reduce the construction project cost by $20\%$. This research focuses on measuring the quantitative and qualitative impacts of PCPC public construction project. 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.
Keywords
Efficiency Enhancement Plan for Public Construction Projects; Cost Down Pre-Compensation and Post-Construction Policy; Quantitative Performance Assessment;
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