Author(s)

Yijun Weng

Corresponding Author

Yijun Weng

Abstract

With the increasingly prominent position of the construction industry in the national economy, its healthy development is becoming more and more critical. This article focuses on the construction project cost information disclosure and the construction of industry credit system, aiming at analyzing the relationship between them and promoting the benign development of the industry. Through theoretical analysis, this article deeply discusses the composition and theoretical basis of the credit system in the construction industry, and studies the key role of cost information disclosure and the synergistic relationship between them. It is found that the disclosure of cost information can standardize the behavior of market participants, improve investment efficiency, promote technological progress, and provide data support and supervision basis for the credit system; The credit system creates a good environment for the disclosure of cost information and enhances the credibility of information. They are interdependent and promote each other, and jointly promote the development of the construction industry. Giving full play to the synergistic effect of cost information disclosure and credit system is of great significance for creating a healthy and orderly construction market environment and realizing the sustainable development of the industry.

Keywords

Construction project cost, Information disclosure, Industry credit system, Synergistic relationship, Market norms