SOME SOLUTIONS TO IMPROVE THE EFFICIENCY OF CONSTRUCTION COST MANAGEMENT OF PUBLIC INVESTMENT WORKS

Abstract

Abstract: The article analyzes the current
situation and propose solutions to improve the
efficiency of construction cost management
of public investment works. The author
applies qualitative methods, mainly through
synthesizing and analyzing legal documents,
practical reports, and secondary data from
public investment projects. The results indicate
some limitations in cost management,
such as inaccurate cost estimates, lack of
transparency in bidding, weak supervision,
and ineffective application of information
technology. Therefore, the article suggests
comprehensive solutions including legal
improvement, better estimation quality,
enhanced digital technology application,
stronger monitoring, and staff capacity
building. The study contributes to improving
management framework of public investment
and enhancing the effectiveness of state
budget utilization.