Author(s)

Wangqiang Liu

Corresponding Author

Wangqiang Liu

Abstract

With the development of construction industry, the complexity of project investment and financing decision-making has increased, and the importance of engineering cost consulting service has become prominent. This article focuses on the role of engineering cost consulting service in investment and financing decision-making of construction projects. This article analyzes the theoretical basis of engineering cost consulting service and investment and financing decision-making of construction projects, discusses its functions in various stages of project pre-planning, financing, investment decision-making assessment, and analyzes the factors that affect the service's function, such as industry environment, consulting institutions themselves and the characteristics of construction projects. Although engineering cost consulting service is of great significance in all aspects of investment and financing decision-making of construction projects, it is restricted by many factors. In order to play its role better, it is needed to improve industry supervision and policy support, strengthen the self-construction of consulting institutions and strengthen the cooperation of all participants in the project, so as to enhance the scientific and rational decision-making of investment and financing of construction projects.

Keywords

Project cost, Construction projects, Investment and financing decisions, Theoretical basis, Influencing factor