The invention provides a preparing method for polycarboxylate water reducing agent. The polycarboxylate water reducing agent composed of, by weight, 30%-55% of deionized water, 35%-50% of polyoxyethylene ether, 5%-10% of carboxylic acid derivatives monomer, 0.0005%-0.002% of catalyst, 1.5%-4.5% of initiator, 0.2%-0.8% of chain transfer agent, 1.0%-2.5% of structure modifying agent and 4.5%-8.5% of alkali liquor. Under the temperature of 20-35 DEG C, the deionized water and the polyoxyethylene ether are enabled to be put in a reaction still to be dissolved, after the deionized water and the polyoxyethylene ether are fully dissolved, the carboxylic acid derivatives monomer, the catalyst, the initiator, the chain transfer agent and the structure modifying agent are enabled to be added in sequence, after stirring for 28-32 minutes, the mixed liquor still standings for 4-6 hours under room temperature, the alkali liquor is added in under a state of stirring, a potential of hydrogen (PH) value is adjusted to be 6.0-7.5, and then products are achieved.