Suggestions for Alternative Measures of Budget Balance for South Africa
The following hypothesis was set and tested by this study: is the conventional budget balance, as generally accepted and used, still relevant for South Africa? The paper found that several possible alternatives are available but each must be viewed from the standpoint of their applicability to the South African context. Several were not suitable for South Africa-only because of a serious lack of available data needed to make them operational. The paper also highlights the need for reforms in government financial information in South Africa.
It introduces the bill of quantities mode bid,analyses the problems existing in the quoted price settlement of BOQ,disscusses the right way to determine the settlement value of project alteration,so as to solve the settlement in project alternation.