Core Insights - Jinan City is leading in Shandong Province by implementing the "Construction Process Settlement Management Measures" to shorten settlement cycles and reduce disputes [1][3] - The city has adopted a new pricing model for construction projects, moving away from fixed pricing to a competitive pricing approach, which has shown effective investment control in pilot projects [3] - In 2024, Jinan will launch two digital systems for construction cost management, enhancing data collection and sharing for better cost control throughout the construction process [3] Group 1 - Jinan has issued guidelines for the highest bidding limit for construction projects, promoting market inquiry and competitive pricing [3] - Over 100 projects in Jinan have incorporated process settlement clauses in their contracts, which are currently under implementation [1][3] - The city is developing a comprehensive investment control and cost management guideline to assist in all phases of construction projects [3] Group 2 - Jinan has established a credit warning and key supervision list for cost consulting firms that engage in fraudulent activities, aiming to create a healthier market environment [4]