• Title/Summary/Keyword: 'build' project

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The Trend of CM at Risk in the U.S Construction Market (미국 CM at Risk 시장 동향 및 시사점)

  • Chang, Chul-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.67-73
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    • 2006
  • Alternative project delivery methods including design-build and CM at Risk have evolved as a means of meeting owner's diverse needs and implementing project efficiently with limited budget and time in more competitive construction environment. It is time to consider adopting alternative project delivery methods, especially CM at Risk, for domestic construction industry to enhance competitiveness and to provide various options for owners so that they can select more appropriate project delivery methods for the facility being planned. This research report derives suggestions from investigating how CM at Risk has been evolved in the US construction market. Besides the analysis of CM at Risk market in the US construction industry, the characteristics of companies whose market share are in Top 100, the type of facility usually built by this method were investigated. Based on the analysis of CM at Risk in the US, the prepositions in adopting CM at Risk to domestic construction industry and the possibility of adopting this method have been identified.

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Problems and Solutions of private university dormitory project with PFI (민간투자사업을 활용한 사립대 기숙사의 문제점 및 개선방안)

  • Kim, Jong-Soo;Song, Nak-Hyun;Lee, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.471-474
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    • 2008
  • The range of PFI project has been expanded from Road facilities, Hobor facilities to Education facilities, Military residence facilities since 2005. Especially, The dormitory project that one of the most lucrative facilities among education facilities was progressing but it has many problems with introducing PFI project. This object of research is deriving problems by introducing PFI project and solving problems by consulting with experts. The results of research have had problems that increasing rental fee, difficulty of retrieving the investment and shortage of government supports. The solutions concerning the problems are using organization, introducing various programs and relieving regulation of government. This paper was made by consulting with experts and is expecting to use the basic data when comparing and analyzing the cases used PFI.

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A Development of Cost Estimation Model for Data Quality Analysis and Improvement Project (DB 품질개선사업의 대가 산정 모형연구)

  • Seo, Yong Won;Lee, Duck Hee;Jung, Seung Ho;Park, Kun Soo
    • Journal of Information Technology Services
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    • v.14 no.2
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    • pp.51-68
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    • 2015
  • As interests in the quality of data in database systems are growing recently, analysis and improvement of data quality in databases have been an important issue. However, there has yet to be a clear agreement on how to reasonably calculate the total cost of such project. In this paper, based on real project data and budget statistics, we develop a model to estimate the cost for quality analysis and improvement project of a database. We first conduct statistical analysis to build our basic model. Throughout this analysis, we have identified factors that determine the scale of works required to conduct the project and eventually determine the cost. In addition, we have identified factors that determine the complexity of the project. These factors can adjusts the cost determined by the scale of works. Our model is verified and improved by surveys on experts. We apply our model to newly conducted projects and observe that our model estimates the cost of each project reasonably well.

A Study of Analysis for Impact Assessment of the Cost Risk-Factor on the Design-Build Projects based on Business Process (설계시공일괄방식 사업의 업무단계별 사업비용 리스크요인에 대한 영향도 평가 및 분석)

  • Seo, Jae-Pil;Lee, Sang-Hyun;Song, Young-Woong;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.3
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    • pp.14-24
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    • 2012
  • Recently, a delivery system has been rapidly changed in the global construction market. Also, construction projects are becoming bigger and more technology-intensive. A lot of projects have been delivered by Design-Build(DB) System; from the standpoint of cost, approximately 40% of delivered constructions by a Public Procurement Service were DB in 2009. Nevertheless, the achievement has not surpassed our expectations on management of the project cost. On the characteristic of DB, the reasons why that happens are that projects contract have been signed after the Design Development Stage; the insufficient review about new technology and up-to-date construction methods; a lack of discussion in process of design. Those reasons cause a risk of increasing Cost of the projects. In order to solve these problems, it is desirable to find Cost-increasing factors in promoting the projects and select on the order of priority for Risk-Factor with careful management. Therefore, this study analyzed the weight of each phase of the project on the authority of properties of DB project, and identified Risk-factors which is increasing the cost on the aspect of project management. Based on this analysis, the impact assessment of Risk-factor is evaluated through the Failure Mode and Effect Analysis(FMEA).

Cost Performance Comparison of Project Delivery Methods in Public Sector - Focusing on Mediator Effect of Biddropping on Change Orders - (공공건설공사 발주방식에 따른 비용성과 실증비교 - 설계변경에 대한 낙찰률 매개효과를 중심으로 -)

  • Moon, Hyosoo;Lee, Hyun-Soo;Park, Moonseo;Lee, Bogyeong;Joo, Seonu;Son, Bosik
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.5
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    • pp.86-96
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    • 2015
  • According to previous research, the reason why Design-Build(hereinafter "DB") outperforms Design-Bid-Build(hereinafter "DBB") in terms of cost is due to less change orders(hereinafter "COs"). However, if biddropping was low for DBB resulting into increasing COs, then it would be wrong to conclude that DB is superior due to less COs. Therefore, in order to confirm such misjudgment, the attempt to comprehensively analyze biddropping, COs and delivery method was made as previous methods had analyzed either the relationship between delivery method and COs, or biddropping and COs. This research uses path analysis, which simultaneously compares effect sizes on COs according to delivery method and biddropping based on the project type, and validated the mediator effect. The research proved that DB outperforms DBB due to less COs cannot be validated as biddropping caused a mediator effect by intervening between the delivery method and COs for specific project types. Therefore, the mechanism of delivery method acts on COs through biddropping was established. Also, the identity of biddropping was investigated in a different perspective from previous research. Based on this result, this research is expected to help determine a delivery method by considering the mediator effect of specific projects and evaluate performance.

A project on building Tflops cluster at KISTI Supercomputing Center (KISTI 슈퍼컴퓨팅 센터에서 수행중인 테라플롭스 클러스터 구축 및 개발에 관한 연구)

  • Hong Jeong Woo;Park Hyungwoo;Lee Sangsan
    • 한국전산유체공학회:학술대회논문집
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    • 2001.10a
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    • pp.182-189
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    • 2001
  • A project has been initiated at KISTI Supercomputing Center at year 1999 to build a Tflops cluster in order to support newly emerging demands for larger scale parallel computing resources. As a supportive substitute of traditional supercompters, the cluster systems are expected to play important role in supporting diversified computational needs. In this paper, KISTI Supercomputing Center's working status of building Tflops cluster system and future plans.

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Promotion of the Private Investments in the Military Facilities through Integration of BTL and BTO Methods (BTL방식과 BTO방식을 혼합한 군시설 민간 투자사업의 활성화 방안의 연구)

  • Kwak, Soo-Nam;Park, Sang-Hyuk;Han, Seung-Heon;Kim, Hyoung-Kwan
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.278-283
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    • 2006
  • Koran Government introduced BTL(Build-Transfer-Lease) to provide convenience through early supplying infrastructure and plans to invest 8,315million dollar to 84 projects of 15 BTL type involving official residence and railroad. But some of construction company hates to invest BTL projects because of its low earning rate. In addition if we correctively apply project which partly has profitability to BTL, the earnning rate declines more seriously. So this paper presents BTL+BTO model which operates BTL in the non-profitable parts to improve convenience of users and BTO in the profitable parts to improve earning rate. BTL+BTO model based on operate period was presented and its suitability was confirmed by applting 00 region official residence project.

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A Risk Quantification of Public Sector Comparator in the Financial Analysis of the BTL (Build-Transfer-Lease) Scheme of Railway Projects: a Case Study of the Haman-Jinju Link (철도 BTL 민자적격성조사의 위험계량화방안 연구)

  • Jang, Su-Eun;Gang, Ji-Hye
    • Journal of Korean Society of Transportation
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    • v.24 no.5 s.91
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    • pp.67-74
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    • 2006
  • This paper proposes a way to a risk quantification of public sector comparator in the value-for-money test of the BTL (Build-Transfer-Lease) scheme in rail investment projects. Two principal risks that are project delay and budget increasing costs are identified and are empirically quantified with a case study of the Haman-Jinju link. The methodology suggested is expected to be a good reference for the similar research afterwards and also to help in settling down the scheme that is only an early stage.

A Study on Model Establishment of the Validity Evaluation for BTL Project Expenses Using an Analytic Hierarchy Process (계층분석법(AHP)을 이용한 BTT사업비 타당성 평가모형 정립에 관한 연구)

  • Jung, Young-Han
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.6
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    • pp.155-160
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    • 2008
  • The BTL project, 4 years since its operation. has benchmarked the PFI Project in Japan and has been introduced. Given the evaluation step to select a preferred bidder, in a technological factor, the basic plans are corrected and complemented, whereas in a price factor, the low price bidding system is being enforced. There is concern that how to select preferred bidders and how to operate project costs during operation and management period may be problematic. Thus, in this study, using the Analytic Hierarchy Process, the method of deciding the priority to select preferred bidders in an early stage of the project and the evaluation model to evaluate the validity of BTL project expenses in process of project enforcement are established. Targeting the group composed of experts who have experiences in the BTL project. Then, the levelling of evaluation factors and grouping have been carried out as following : LCC analysis and disbursement for government including two more detailed factors.

A Study of Risk Analysis on Apartment Reconstruction Projects (공동주택 재건축사업의 리스크 분석에 관한 연구)

  • Lee Lo-Na;Woo Kwang-Min;Lee Hak-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.232-235
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    • 2004
  • The apartment reconstruction project is making some problems, such as delay of lack specialty, conflict between project owners and cost increasing etc. The enforcement process of project are very complicated, the term of project is long and too many project owners are participating. For this reasons. it is always in the face of uncertainty. To promote the reconstructing project successfully. we need to make risk management process to get rid of uncertain factors which occur in forwarding the reconstructing project This study has for its objects. First, suggest the best way of risk analysis to manage risk factors systematically and efficiently recognized in The Apartment reconstruction protect. Second, furnish basic data to build the risk managing system of The apartment reconstructing project.

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