2024 Volume 80 Issue 3 Article ID: 22-00229
A transparent evaluation and decision-making process for construction costs is essential for public Infrastructure projects. There are several issues have been pointed out in the Target Price system and its pricing structure. In this study, we focused on the construction cost management system for public works in Japan, and attempted to analyze the actual cost management of the Client and the Contractor from the current law and historical background. As a result, the Client emphasizes the standard estimation used for the Target Price, and the settlement may be performed without emphasizing the cost submitted by the contractor based on the actual situation. The actual cost management is “invisible”, which is different from oversea projects. While the government-led infrastructure export policy is being promoted, it was confirmed the importance of not only the contract management that has been discussed a lot in the past but also the conversion of the cost management system, which has a third party with expertise in construction cost management evaluate bidding prices and assess progress payment at the construction stage, so that the Japanese construction industry will be more transparent in the future. This is an important factor for the future development of the Japanese construction industry overseas.
