Proceedings of the Korean Institute of Building Construction Conference (한국건축시공학회:학술대회논문집)

The Korean Institute of Building Construction (한국건축시공학회)
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A Causal Relationship between Metal Material Prices and Construction Cost

금속원자재가격의 변동이 건설공사비에 미치는 영향 분석

  • 상준 (한양대학교 건축환경공학과) ;
  • 변정윤 (한양대학교 건축환경공학과) ;
  • 유승규 (한양대학교 건축환경공학과) ;
  • 김주형 (한양대학교 건축환경공학과) ;
  • 김재준 (한양대학교 건축환경공학과)
  • Published : 2012.05.18
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Abstract

Domestic construction materials market was about 65 trillion won and it occupied 45% level of total construction cost by 2007. In addition, due to the recent rapid rise of crude oil and iron ore price, fluctuation of raw material cost has a great influence to the cost of construction industry. This means that smooth performance is closely related to construction materials. And among them, because of high putting rate of metal materials, it can be seen that the fluctuation of metal material prices is an important variables. So in this study, for the pre-study to analyze the impact of metallic material prices to construction cost, the researcher analyzed a causal relationship between metal material prices and construction cost.

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