Budgetary Estimate Research Articles

Predicting Budgetary Estimate of Highway Construction Projects in China Based on GRA-LASSO

AbstractUnder the development strategy of traffic power, Chinese highway engineering has been in the critical stage, and controlling investment has become a top priority. The budgetary estimate is ...

The Research of the Project Proprietor’ s Management Control of Engineering Change

The problem of the engineering budgetary estimate surpass engineering cost estimate, engineering budget surpass engineering budgetary estimate, engineering final accounts surpass engineering budget in our country’s present stage of the engineering construction process is widespread, and the reason most due to engineering change. By reference to relevant case analysis, the study found the changing factors that induced engineering change largely are the proprietors’ poor management of engineering change. Due to the different management methods of the different project stakeholders, this article will take the proprietors’ point of view, relying on engineering change process, according to the characteristics of the construction project, reference to the project management concept, sums up the proprietor’s management processes and methods. Then they can make manage and control in organize engineering change process and appraisal, then improve their management capacity of engineering change.

Research on VaR-Model-Based Analysis of Construction Cost Risks

Construction cost risk management is an essential part of construction cost management,especially in the context of the ‘triple overrun’ that has been rampant across China over the last few years,i.e. the cost overrunning the budget,the budget overrunning the budgetary estimate, and the budgetary estimate overrunning the initial estimate. Since traditional methods of calculating construction reserve funds fail to serve the purpose of curbing the ‘triple overrun’,we deem it necessary to establish a quantitative, rational, and accurate calculation and analytical model to measure basic reserve funds. This paper aims to provide an analytical model based on the VaR technique, where parameters are determined by VaR’s three key factors, and a standard VaR process of analyzing basic reserve funds is set up. The model proves to be effective in our case study when basic reserve funds predicted by the model well match the actual ones,which is shown clearly by the Q-Q plot curves and CDF curves.

The Construction Agency's Reasonable Profit Research Based on System Dynamics

The government investment in the construction project general always use of the design budgetary estimate as the construction-agent charge fees foundation, and with reference to the owners management cost rate to calculate the construction-agent charge. By analyzing the composition of the construction-agent charge and the difference between the owners management cost and the construction-agent charge, studying of the composition and rates of construction-agent charge in various key cities nationwide in detail, pointing out the fact that the current generation of construction-agent charge rates are too low, and then established a system dynamics model and analyzed the relationship between a reasonable profit margins and project success rate dynamically. Pointed out the necessity of a reasonable profit margin, and make same recommendations accordingly.

National plans: case study Belgium

In October 2011 the Belgian Fund for Rare Diseases and Orphan Drugs, a consortium of stakeholders supported by the King Baudouin Foundation, handed over the recommendations and proposed measures for a Belgian Plan for Rare Diseases. In follow-up of the EU recommendations to issue national plans by 2013, the Minister of Public Health and Social Affairs commissioned the Fund to propose a comprehensive plan. The proposals cover 11 action domains, among them patient empowerment, improving access to treatment, ethics and governance. 42 measures have been proposed and a budgetary estimate was issued. Realising the plan would necessitate a 17 million euro investment over a 5 year period and an additional yearly expenditure of 44 million euro: compared to the national health Insurance budget of 25 billion euro, this seems a limited effort to realise! Still, adding expenditure to the budget under actual pressure to curb down health expenditure growth rates is not evident. Although governmental endorsement of a national plan has not yet taken place, most probably due to the economic and budgetary context, several measures have been launched by the Minister. These measures pertain to the core of action to be taken: setting up a national registry for rare diseases, disclosing information through Orphanet in national languages, developing centers of expertise based upon international guidelines, recommendations and guidance through Eucerd, adapting procedures in order to make early temporary reimbursement possible.