On April 11, 2016, BOMESC convened the conference on reducing cost and increasing efficiency to deepen cost control, continuously improve the level of operational management, comprehensively improve and strengthen the awareness of efficiency increasing, cost reducing and cost-saving of all staff as well as to formulate the BOMESC culture of advocating thrift and rational consumption. President Peng Wencheng, vice-president Wu Zhanghua, vice-president and chief financial officer Hua Lanzhen and chief engineer Dai Chunyang attended the conference and delivered keynote address. They expressly put forward the working requirements of cost-management in 2016, which takes cost reducing and efficiency increasing as an opportunity to comprehensively improve cost-management consciousness of all staff in BOMESC. Each department and project shall conscientiously implement the work, which is to bring cost-management into routine management work, formulate a good work habit and strictly manage the budget. Moreover, they are to standardize and set up a cost-management system as well as make the cost control contribution an appraisal index for cadre promotion. Other members of BOMESC cost control leading team, members of executive team and project managers attended the conference.