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A Study on Final Settlement Issues in EPC Projects Under the Construction Management Model

In: Proceedings of the 2025 7th International Conference on Economic Management and Model Engineering (ICEMME 2025)

Author

Listed:
  • Yue Che

    (Armed Police Logistics Academy, Logistics Support Department)

  • Zhihong Qi

    (Armed Police Logistics Academy, Logistics Support Department)

  • Xiaobo Xu

    (Armed Police Logistics Academy, Logistics Support Department)

  • Tuojing Huang

    (Armed Police Logistics Academy, Logistics Support Department)

Abstract

Focusing on the issue of final settlement in EPC projects under the construction management model, settlement problems refer to abnormal situations where payments are delayed beyond the final payment deadline, from the submission of settlement documents to the confirmation of payment amounts. A tripartite evolutionary game model involving the construction entity, general contractor, and third-party cost auditor is constructed to reveal equilibrium patterns in their strategic choices. The analysis identifies “incentivized auditing—evidence reinforcement—professional anchoring” as the optimal strategy combination. Through numerical simulation, key influencing factors are analyzed to propose targeted countermeasures, driving the system toward ideal equilibrium and alleviating settlement delays.

Suggested Citation

  • Yue Che & Zhihong Qi & Xiaobo Xu & Tuojing Huang, 2026. "A Study on Final Settlement Issues in EPC Projects Under the Construction Management Model," Advances in Economics, Business and Management Research, in: Touria Benazzouz & Sandeep Saxena & Hui Nee Au Yong & Nor Zafir Md Salleh (ed.), Proceedings of the 2025 7th International Conference on Economic Management and Model Engineering (ICEMME 2025), pages 167-183, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-602-9_17
    DOI: 10.2991/978-94-6239-602-9_17
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