Examining Construction Quality Supervision and Organization Procedures for BOT Projects by Comparing with DBB Projects

Adopting the BOT （build-operate-transfer） delivery method has brought opportunities and challenges in construction time and quality for urban infrastructure. Many studies investigate the upstream issues of BOT projects such as concessionaire selection criteria and risk factors. But the project execution becomes complicated such as the escalated quality supervision organization and procedure at the construction stage. This extra supervision may have constituted hidden redundancies as waste to economic sustainability. This paper investigated construction quality supervision of BOT projects to pinpoint adequate degree of supervision and detect redundant organization and procedures. The study adopted ten subway construction projects as cases in which five were from the traditional design-bid-build （DBB） and five from the BOT methods. Thirty six project participants including owners, contractors, designers, and concessionaire managers of the ten projects were interviewed to tell their views on these issues. The quality supervision measures of the DBB projects were used as the baseline and compared with those of the BOT projects. The research results show that the construction quality seems no difference for the DBB and BOT projects. Construction quality comes out of supervision but excessive supervision organization and procedures do not necessarily improve quality. This finding indicates that adequate degree of supervision is enough to achieve required quality to save immense paperwork for large construction projects.

Build Enterprise Technical Standards Work Pattern to Adapt to New Condition

With new requirements proposed for technical standards work under the new circumstances,the article combining with the practice of Wuhan Iron and Steel Company Limited(WISCO)points out that enterprises must improve the work pattern of standards development and revision,and strengthen the standards implementation management and product quality supervision,so that technical standards can serve as a bridge between technologies and industrialization,support the industrial upgrading and structural optimization,create conditions for promoting trade and unify the market and provides means for global competition,helping enterprises to better cope with the increasing market competition.

The Research to Quality Supervision and Management of Power Enterprises

Intensive in-depth development of resources, centralized purchasing and gradually expand under the category of environment, this paper studies how to use information technology tools to construction quality supervision and management system that focuses on the quality of supervision and project management, quality control process management, quality monitoring statistics report management, platform management-related content in four areas. Through the construction quality supervision and management system, to better enhance the quality of electric power enterprise management level, to ensure that the material quality, quantity of time and supplies. strengthening quality supervision and management can not only effectively reduce material procurement costs, but also enhance the competitiveness of enterprises.

Auditing in the 21 st Century： Has Self-regulation Failed？＊

From the very beginning, auditing is pretty much a self-regulated follow in practice. But the plethora of recent corporate failures profession and has some ethical rules of thumb to and scandals where auditors＇ instrumental role is evident in many instances raise question about the validity and suitability of ＂self-regulation＂ in auditing, especially in the 21st century where auditors need to perform auditing in ever complex risk management process. Moreover, to restore the market confidences within the auditing profession and to raise the overall audit quality, many countries are establishing some super regulatory bodies to oversee the functions of auditing and auditors. Based on the ＂documentary research methodology＂, the author examines whether ＂self-regulation＂ in auditing has completely failed in the 21 st century. The author reveals that ＂self-regulation＂ in auditing has not completely failed; rather, a joint approach is needed to raise the overall quality of auditing where there will be equilibrium between ＂self-regulation＂ and statutory directive.

Auditing the Auditors： The Audit Oversight Board and Regulating Audit Quality in Malaysia

The setting-up of the Malaysian Audit Oversight Board （AOB） in 2010 under the Securities Commission Amendment Act 2010 has extended the role of regulators into the statutory audit domain for public listed companies. Although the auditing profession in Malaysia has International Auditing Standards as prescribed minimum level of quality in the delivery of audit assurance services, self-regulation by the profession alone appears inadequate to ensure the delivery of quality audit services. With co-regulation, auditors now are monitored not just by the profession but also by a new statutory body with considerable regulatory powers to sanction auditors where quality of the audit process has been found wanting. This study solicits the opinions of auditors on their expectations of what the new regulator can achieve. Based on interviews with a sample of 30 auditors, the study finds that the majority believe that audit quality will be taken to a new level following AOB＇s remit of registration of auditors, compliance inspection with International Standard on Quality Control （ISQC）, monitoring of financial statement quality, and its power of sanctions. A review of AOB＇s early years＇ inspection confirms these expectations.

Probing PM_(2.5) with terahertz wave

The goal of continuous ambient participate monitoring has been accomplished by the use of terahertz （THz） wave. The fre- quency-dependent spectrum and absorbance of the particulate matter （PM2.5） were measured in the range of 0-10 THz. The PM2.5 concentration ,o was calculated according to the sampling time and air flow. With the increase of ,o, the THz wave am- plitude gradually decreased and the absorbance A of PM2.5 increased. The relationship between p and A can be described mathematically through p∝ A0.5. Our results demonstrate that the terahertz wave could be a valuable tool to monitor and in- spect the PM2.5 concentration.