Written by MOEF, Republic of Korea
23 April 2019
The purpose of these guidelines is to enhance the efficiency of fiscal spending by reasonably adjusting and managing, by each project phase, total project costs of large projects funded with the national budget or funds under Article 50 of the National Finance Act and Articles 21 and 22 of the Enforcement Decree of the same Act. The term total project cost in these guidelines means all costs and expenses during the lifecycle of the project.
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