2024.08.29. The Fair Economy — The Public Procurement Service announced that on the 28th it held a seminar with the Korea Institute of Construction Engineering and Management at the Korea Science and Technology Center, themed "Improving the Appropriateness of Indirect Construction Cost Calculation for Public Projects".
Experts in construction cost calculation from academia and the construction industry who attended the seminar discussed ways to improve the current method of calculating indirect construction cost rates.
Participants noted that the indirect construction cost application standards provided by the Public Procurement Service are very important data used by most public institutions, and emphasized the need for efforts to verify actual conditions at construction sites and provide feedback on the indirect construction costs announced each year.
They also called for active cooperation from the construction industry, including the provision of reliable construction cost data, to accurately verify indirect construction costs.
Kang Seong-min, Director General of the Facilities Business Bureau at the Public Procurement Service, said, "This seminar is an important starting point for a new shift in the indirect construction cost calculation method," and added, "We will continue to accommodate diverse opinions from the construction industry to strengthen the appropriateness of indirect construction cost calculation."
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