Some challenges in determining The cost of construction investment consulting

Abstract

The construction industry plays an important role in developing infrastructure for society, serving the industrialization and modernization process of the country. This is a sector with large investment capital, accounting for a high proportion in the state budget as well as the annual capital plan of enterprises. Therefore, cost management is always a concern of the state and investors, including the cost of construction investment consulting, which is one of the important components of construction project budgeting. According to regulations, for projects using public investment capital, state investment capital, PPP projects, this cost item is calculated based on the guidance of legal documents. However, the application of state regulations to determine consulting costs still has some shortcomings, with the general consulting cost standards being low compared to the nature of the work, and some cost items are not specifically regulated, causing difficulties for state management and contractor payments. This article analyzes and points out specific shortcomings in determining the cost of construction investment consulting, and proposes some recommendations to overcome these limitations.

Keywords: Construction investment consulting costs, cost, standards, management.