FOREIGN EXPERIENCE OF CONSTRUCTION AND REPAIR COST ACCOUNTING IN PUBLIC SECTOR ORGANIZATIONS
Abstract
This research paper analyzes international approaches to accounting and managing construction and renovation expenditures in public sector organizations, focusing on lifecycle costing of infrastructure assets, clear differentiation between capital and oper ational expenditures (CAPEX/OPEX), digital cost monitoring platforms, post -tender variation control, and value -for-money (CBA) assessment. Findings indicate that the integrated application of these mechanisms increases transparency of construction spending , mitigates budget overruns, and improves long - term management of public infrastructure. The study evaluates the applicability of global practices to Uzbekistan and concludes that the introduction of CAPEX/OPEX budgeting codes, real -time monitoring systems , a post -tender variation registry, and lifecycle cost passports can significantly enhance efficiency and accountability of construction and renovation expenditures in the public sector.
Keywords
construction and renovation expenditures, infrastructure assets, lifecycle cost, CAPEX, OPEX, digital monitoring, tendering, cost audit, efficiency, public sector
References
- Alonso, M., “Public Infrastructure Spending Structure in EU Countries”, European Accounting Review, 2023, V ol. 28, Issue 1, pp. 55 –74
- Hamilton, S. & Price, T., “Capital and Operational Expenditure Classification in the Public Sector”, Public Sector Finance Journal, 2021, V ol. 13, Issue 3, pp. 144 –
- Kim, H., “Digital Cost Monitoring in Public Construction Procurement”, Asian Journal of Public Accounting, 2024, V ol. 8, Issue 1, pp. 11 –32
- Ricardo, L. & Spencer, G., “Value Audit Program in UK Public Construction Projects”, International Journal of Public Procurement, 2023, V ol. 6, Issue 4, pp. 201 –
- OECD/IMF, “OECD/IMF Reference Note on the Governance of Quality Infrastructure Investment”, 2019, Paris/Washington
- OECD, “Governance of Infrastructure – Glossary”, 2022; OECD, “Getting Infrastructure Right: A Framework for Better Governance”, OECD Publishing, 2017
- OECD, “OECD Infrastructure Governance Indicators: Conceptual Framework and Methodology”, OECD Working Paper, 2023
- International Monetary Fund, “Maintaining and Managing Public Infrastructure Assets”, IMF eLibrary, Washington, 2020
- World Bank, “Uzbekistan – Infrastructure Governance Report”, 2023, World Bank, Washington
- Wall, J. W., “Effects of Accounting and Budgeting on Capital Allocation for Infrastructure Projects”, iqtisodiy tadqiqot maqolasi sifatida keltirilgan manbalar
- PwC, “Capital Projects and Infrastructure – Industry Publications”, PwC Global, 2015 –2025; PwC, “Capital Projects and Infrastructure Survey 2025”, PwC Middle East, 2025
- EY , “Capital Projects and Infrastructure Services”, EY Global, 2024
- World Bank, “Efficient Public Investment Management Contributes to Better Results”, World Bank Press Release, 2011; OECD, “Strengthening Governance of Public Infrastructure”, CEF/OECD Knowledge Hub, 2019
- PwC, Capital Projects and Infrastructure Survey, 2025; Deloitte, Delivering Future -ready Infrastructure, 2025; EY , Capital Projects and Infrastructure Services, 2024; KPMG, Infrastructure Spotlight, 2023.