• Korean Journal of Construction Engineering and Management
• /
• v.14 no.3
• /
• pp.3-11
• /
• 2013

The changes in construction business have impact on overall operation of construction companies. Poor business of construction companies following a s low industrial cycle could have broader implications and influences on the industry. Since a construction project involves various stakeholders including public organizations, financial institutions and households, a downturn in construction industry might lead to significant economic loss. In this regard, it is meaningful to examine the relationship between changes in construction business cycles and insolvency of construction companies. This study conducts an empirical analysis of the relationship between construction business cycles and how much they affect operation of construction companies. To this end, KMV model was used to estimate probability of bankruptcy, which represents business condition of a construction company. To examine construction business cycles, investment amount for different construction types-residential, non-residential, and construction work-was used as a variable. Based on the investment amount, VECM was applied and the analysis results suggested that construction companies should put priority on diversifying project portfolio. In addition, it was shown that once a construction company becomes unstable in business operation, it is hard to recover even when the market condition turns for the better. This suggests that, to improve business operation of a construction company, internal capacity-building is as important as the market condition and other external circumstances.

• Korean Journal of Construction Engineering and Management
• /
• v.7 no.6
• /
• pp.99-111
• /
• 2006

Of the numerious dispute resolution methods, Alternative Dispute Resolution(ADR) is the most highly recommended approach for the guarantee bond-related dispute. In reality, however, claims were not resolved satisfactorily through ADR because of the lack of reference materials for negotiation, thus those were frequently had to be resolved through litigation. The above fact implies that, it is required to seek an efficient way to resolve the bond-related claims prior to they progress to litigation. This research paper intensively investigated judicial precedents of 232 cases with regard to construction bond-related disputes that observed during the analysis period(2000-2004). According to the summary statistics, it turned out that litigation were time consuming and potential economic loss was tremendous; on average, it takes 1067 days(the longest case was 1965 days) for dispute resolution. It suggests that litigations should be discouraged considering the magnitude of potential loss of stake holders. Research results revealed that there are some significant differences between categories in some variables affecting to the rate of winning; i) the number of lawsuit deputies of a plaintiff (in the 1st trial), ii) dispute locations (in the 1st and 3rd trials), iii) contract price (in the 1st trial), iv) contractors' operating capability (in the 1st and 2nd trials). For the rest of variables, significance level between categories was too low for preparing efficient improvement plan. Despite the important implications drawn from the analysis, this research has limitation due to the several reasons such as data structure, the depth of Information, etc. Therefore, more systematic research should be followed in the future.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2006.11a
• /
• pp.548-553
• /
• 2006

Activity-based productivity data can be used as an significant reference in many areas of project management such as performance evaluation and project planning. However, the existence of various factors influencing construction productivity makes it difficult to collect and analyze the productivity data. In the most of the domestic construction sites, there is no systematic method to collect and analyze the productivity data along with information on influencing factors; it is common to heavily rely on experience and intuition of field managers when dealing with construction productivity data. Therefore it is necessary to develop a management system for collecting and utilizing the productivity data as well as the factors influencing construction productivity. The main objective of this research is to define the construction productivity and its influencing factors at the activity level. In addition, methodologies on how to analyze the productivity data and to estimate productivity of future projects are proposed.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2008.11a
• /
• pp.654-657
• /
• 2008

Recently, construction projects have become bigger and complicated and the construction business scale has enlarged. Therefore a project cost size is increasing. The historical data can be easily saved by advanced technologies of IT industries. Utilizing those make us to be able to manage construction project more effectively. These days, PMIS (Project Management Information System) has supplied widely at construction companies for integrating cooperation system of Web environment. and it is being used. However the most PMIS is limited at construction phase. Actually it isn't applied to a construction project Life-Cycle(planning, design, construction and maintenance). To control manage a construction project Life-Cycle effectively, BPMS (BIM-based PMIS Modeling) should be considered. This paper suggests the ways for applying BPMS.

• Korean Journal of Construction Engineering and Management
• /
• v.11 no.1
• /
• pp.16-28
• /
• 2010

Construction companies are fulfilled in according to project, and it is difficult to execute the standardized process in various construction projects. Thus many construction companies is adopting BPM(Business Process Management) that meet business process change and business improvement. However, it is difficult to apply BPM in a lump because of difference of BPM characteristics and company's strategies. For this reason, it is desirable to select business process based on company's priority. This study indicated need of method for selecting business process through studying current researches, and made BPA for construction company by analyzing business process in construction company. Moreover, this study indicated core business process from a point of profitability and growth view through grasping strategic goal priority. And also, it proposed criteria for process evaluation for BPM adoption, evaluated core business process, and indicated prior business process for BPM adoption.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2023.11a
• /
• pp.137-138
• /
• 2023

The floating floor is a structure which introduced to reduce the noise of apartment houses. This structure can decrease vibration energy through resilient materials. However, it is limited to completely construct resilient materials in South Korea due to floor heating structure and other reasons. And It is a controversial issue how well the resilient materials should be constructed to prevent floor impact noise. These resilient defect areas are typically found in wall corners, door sills, hot water dispenser in kitchen and areas where thermal insulation is attached. This study investigates the acoustical effect of the defect areas in two ways. First, it is analyzed by several assumption conditions and calculated how much deviation would occur. Then we researched the deviation of the 76 field test data about light-weight floor impact noise. This study could be useful for a constructor to determine how much should minimize resilient materials defect areas.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2022.04a
• /
• pp.214-215
• /
• 2022

This study analyzed the development stage and change management necessity of the construction IT system through existing research and literature review, and used WordCloud, one of the text mining techniques, to analyze current construction trends and major issues. The necessity of change management is derived by using existing research literature and construction-related social issues as analysis data.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2008.11a
• /
• pp.311-314
• /
• 2008

While relevant fields of construction industry have rapidly changed, the adaptation (skill) level of individuals to apply or utilize them has slowly followed. By understanding how individuals resist and conform under this change of construction industry and which factors are important for the adaptation, much time, effort, and cost can be saved for organization operation and management, and these saved resources will be able to be effectively invested to others. Accordingly, for construction industry it is necessary to understand and study how the users fit into the rapid technological change. Through this research, therefore, a systematic guideline should be created for the relevant fields of construction industry. For this research, the characteristics of individual personalities and behaviors based on the traditional model was observed and factors that contribute to the resistance and their mutual relations were theoretically identified and categorized, and then a conceptual and figurative model to show the mutual relation between the identified resistive factors was suggested.

• The Journal of the Korea Contents Association
• /
• v.17 no.9
• /
• pp.300-309
• /
• 2017

This paper examines the cyclical fluctuation of 'construction orders' and 'construction investment' using HP filter, Bandpass filter and Beveridge-Nelson decomposition methods. The main results are as follows. As a result of the analysis of the cyclical fluctuation of construction orders, it was analyzed that there were about 7 cyclical fluctuations from 1976 to the first quarter of 2017. Construction orders for cyclical fluctuations peaked in the second quarter of 2015 and turned to a downward trend. On the other hand, construction investment has experienced about 6 cycles of fluctuations during the same period, and it has been rising continuously since the bottom of 3Q12. This is consistent with the general theory that construction orders precede construction investments. In addition, the comparison of the construction orders, construction investment, and GDP amplitude shows that the GDP amplitude is the smallest and stable, and the construction orders have the greatest variation in amplitude. Therefore, construction orders should be adjusted by government policy depending on economic fluctuations.

• 주택과사람들
• /
• s.224
• /
• pp.64-67
• /
• 2008

토지와 건축 자재를 다루며 건축 공사를 하는 건설 회사가 예뻐졌다. 집과 건물에 색과 디자인을 입히고 앞선 트렌드를 추구하면 색다른 건축물을 탄생시킨다. 바로 40년간 주택 토목 건축 등 건설 전 분야에서 풍부한 경험과 우수한 시공력을 갖춘 금호건설이다. 변화하는 주택 시장을 리드하는 금호건설의 비전과 주요 프로젝트에 대해 알아보았다.