Hubei Xingyi Electric Group Co., Ltd.
Xingyi Lecture Series, Lecture 26: "How to Properly Handle Project Settlements and Maximize Your Benefits"
Release time：2023-05-08
On the morning of May 6, 2023, Xingyi Grand Lecture Hall hosted the first session of the Year of the Rabbit. Fu Yichao, Director of the Engineering Management Committee at Xingyi Group, took the stage to deliver a talk titled "How to Perfect Project Settlements and Maximize Profits." He not only analyzed the common challenges in project settlements but also shared valuable insights gained from his own experience. From expert settlement techniques to practical advice on effective management strategies, his presentation offered attendees a rich feast of knowledge, expertise, and skill-building opportunities.
Mr. Fu, drawing on his years of work experience and management expertise, delivered an insightful lecture and shared valuable insights. He sharply highlighted the pressing challenges currently faced in project implementation—such as low winning bid prices, lengthy settlement processes, frequent disputes, and difficulties in obtaining necessary approvals—which collectively make it increasingly difficult for projects to turn a profit. This discussion naturally led to a deeper exploration of why effective settlement management is crucial in engineering project governance. In Mr. Fu’s view, settlement work permeates every stage of project construction; only by meticulously planning and managing this process—ensuring timely approvals, maintaining impeccable documentation, completing all required formalities, and communicating clearly, respectfully, and substantively—can teams truly maximize their gains when it matters most. His incisive perspective not only ignited everyone’s enthusiasm but also sparked profound reflection among the audience.
At the meeting, General Manager Fu deepened everyone's understanding of key settlement practices by using scenario-based questions and presenting vivid, detailed case studies. When discussing how to interpret contract documents, he emphasized that the contract pricing structure is the core element—determining whether a project focuses on boosting revenue or cutting costs. He then shared practical examples of turning losses into profits, illustrating this point through three distinct contract types: lump-sum contracts, unit-price contracts, and cost-plus-fee contracts.
When discussing the inventory of project settlement documents, he emphasized the importance of maintaining accurate records and keeping detailed logs during the collection of drawings and handling design changes. He also highlighted the need to promptly compare pre- and post-change drawings, photos, and other relevant materials after project implementation, ensuring that your legitimate interests are effectively protected.
When discussing profit growth management, he encouraged everyone to boost profitability by strategically incorporating construction process changes, provisional sum materials, and change orders—methods that not only expand profit opportunities but also enhance the overall efficiency of the project. General Manager Fu delivered his explanation in a clear and accessible manner, offering practical examples that resonated deeply with the audience, making his insights both insightful and highly applicable. His presentation earned enthusiastic applause from the entire team.
After the lecture, attendees responded enthusiastically, praising the content highly. Participants unanimously remarked that the training was both informative and practical, equipping them with valuable techniques to tackle settlement challenges as well as effective communication strategies. Not only does this training offer guiding insights and actionable learning experiences for employees directly involved in settlement tasks, but it also empowers staff from various roles to think critically during their work, fostering the ability to apply lessons learned across different scenarios and adapt seamlessly to new situations.
Contact us anytime!
Contact Information
After-sales phone: 400-604-0030
Address: No. 26, Fozuling 3rd Road, East Lake High-tech Development Zone, Wuhan City
Follow us
在线客服添加返回顶部
右侧在线客服样式 1,2,3 1
图片alt标题设置： Xingyi Engineering Technology Co., Ltd.
表单验证提示文本： The content cannot be empty!
循环体没有内容时： Sorry, no matching items were found.
CSS / JS 文件放置地