• Korean Journal of Construction Engineering and Management
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• v.4 no.4 s.16
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• pp.192-200
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• 2003

The object of this research is to develop a computerized algorithm of cost estimation method to forecast the total construction cost in the bidding stage by the historical and elemental work cost data. Traditional cost models to prepare Bill of Quantities in the korea construction industry since 1970 are not helpful to forecast the project total cost in the bidding stage because the BOQ is always constant data according to the design factors of a particular project. On the contrary, statistical models can provide cost quicker and more reliable than traditional ones if the collected cost data are sufficient enough to analyze the trends of the variables. The estimation system considers non-deterministic methods which referred to as the 'Monte Carlo simulation. The method interprets cost data to generate a probabilistic distribution for total costs from the deficient elemental experience cost distribution.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.540-545
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• 2008

The purpose of this study is to suggest problems and improving plan of process of calculating escalation rate of the Historical Cost by price fluctuation. In order to implement this research, we analyzed problems by calculating the rate of price fluctuation with Historical Cost and measurement applying method making on-site with historical cost data were included as samples and suggested improving plan to the adjustment of contract cost. The results of research according to this are same as followings:1) Of all construction details, it is more appropriate to calculate price fluctuation by applying measurement method to the contents of historical cost unit. 2) To avoid confusion in calculating method, it was indicated that amendment in part should be achieved in order to calculate by measuring the part of calculating escalation rate of Historical Cost at related law and regulation.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.46-47
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• 2014

Recently, BAI(Board of Audit and Inspection of Korea) has recommended that "Result unit cost" of Korean government apply to national power plant construction project when plant owner corporations estimate budget price for tender. but nuclear industry have difficulties with this suggestion. the purpose of this study is to review the "Result unit cost" and problem with application of NPP construction cost estimating. And proposed the direction of application of "Result unit cost" to NPP construction cost estimating.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.21 no.10
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• pp.589-601
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• 2020

The Construction Standard Unit Price (CSUP) sets the standard for calculating the estimated construction cost. The CSUP is used as basic data for preparing a standard price for public construction. Currently, the CSUP is calculated in consideration of the market and construction field conditions. However, a long-term management plan was established to prepare revised standards. As part of the plan, a field survey was conducted on changes in construction conditions and market prices. However, the plan continued for more than 5 years. Thus, the plan has a problem of difficulty continuously managing primary activities that have high importance and high price volatility. Therefore, to efficiently manage the CSUP, this study identifies the primary activities of the CSUP and presents a management plan. Through importance analysis and unit price volatility analysis, 242 primary activities in 35 activity groups were identified. Also, a management plan is presented based on the importance levels of activities. The primary activities and management plan could enable the timely revision of important activities. The results of this study provide a base for reflecting the appropriateness of construction cost criteria on time.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.28 no.3D
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• pp.371-381
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• 2008

The systematic methodology for estimating construction cost approximately at planning and pre-design phase of a river facility construction project has not yet been established because of its unique characteristics including its relatively small project size in terms of cost. This research suggests a 4-level cost information structure and identifies critical factors affecting construction cost as a result of thorough analysis of accumulated historical cost data of river facility construction projects. Also, this research presents the framework of the approximate cost estimating methodology for river facility construction project a planning stage.

• Journal of the Korean Institute of Landscape Architecture
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• v.50 no.4
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• pp.20-36
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• 2022

This study aims to provide basic data for high-quality street tree management by setting reasonable management items and appropriate unit prices by reviewing the adequacy of current street tree management. Currently, street tree management items, except for street tree pruning, use general landscape tree quantity per unit for the street tree management quantity per unit. KEPCO (Korea Electric Power Corporation) applied pruning items from standard electric production infrastructure and carried out the activities at an average unit price of 51% lower for heavy pruning and 39% lower for light pruning than the standard estimate. This was judged to be a level that could not maintain or increase the quality of street tree management. It was determined that an appropriate standard unit price for street tree management was necessary. To improve the quantity per unit for the proper management of street trees, it was necessary to review costs in the field. However, due to the absence of data on actual construction costs in the domestic landscape field, detailed items of the US RSMeans Building Construction Cost Data (RSMeans) were reviewed, and the actual construction costs were calculated by applying personal domestic expenses. As a result, the standard of the estimated unit showed a good ratio of 107% for heavy pruning of street tree pruning compared to the actual construction cost, but light pruning was underestimated with a 59% ratio. Shrub pruning was 82%, weeding was 92%, tree fertilization was 87%, and windbreak wall installation was 91% under-engineered. In addition, it was also confirmed that the watering by sprinkler trucks and chemical spraying were over-designed compared to the actual construction cost at the rates of 118% and 124%, respectively. Due to the specificity of the street trees, the increase in personal expenses and the input cost of equipment, such as road safety controls, were judged to be the main cause of the underestimation of items. Therefore, it is necessary to add items related to street trees and general landscape trees to the landscape maintenance items of the standard of the estimated unit.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.423-426
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• 2002

The foundation for developing a cost estimation system based on historical data has been being prepared in Korea. Historical data is a priori of developing a cost estimation model. Cost Index, one of the historical data, is used to estimate construction cost and to adjust the amount of contract money in the foreign country, whereas it is not used in domestic except for the road construction project in Korea. Construction cost indices can be used by an estimator in tender analysis, pricing, price adjustment, cost planning, and forecasting. In this regards, this paper identified the problems in developing Cost Index evaluation process by comparing the standard of framing Cost Index used in British to the one used in Korea. Then, the scheme for improving a Cost Index required for Site Developing Construction was proposed. Twenty-two cases of engineering estimate data were used to compare the domestic standard to the foreign one in deriving a Cost Index.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.579-583
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• 2004

A new and extendable highway should be planned and budgeted by estimating the total construction cost on the basis of the precise cost data. However, the demolition or disjointing cost could not reflect construction site condition sufficiently because it was simply estimated by multiplying the highway structure installation cost by the regular ratio($10\~70\%$) specified in the Korea Standard Estimate. The regular ratio for estimating of demolition and disjointing cost was calculated by not actual construction cost data but subjective experiences of field manager. Therefore, the reliance of the estimated demolition or disjointing cost has been declined. The primary objective of this study is to purpose the standard for estimating proper demolition or disjointing cost of relevant items through various site analysis and survey, and to investigate on the propriety of ratio-unit price method for estimating demolition and disjointing cost.

• KDI Journal of Economic Policy
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• v.10 no.2
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• pp.49-64
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• 1988

대부분의 수출자율규제실시국(輸出自律規制實施國)들은 총(總)쿼타의 일부를 개방(開放)쿼타로 할당하여 수출단가(輸出單價)와 비규제국(非規制國) 수출실적(輸出實績)에 비례하여 배분하는 2단계(二段階)쿼타배분제도(配分制度)를 택하고 있으며 이는 수출자율규제(輸出自律規制)에서 오는 수출소득(輸出所得)과 수출물량(輸出物量)의 감소를 수출시장다변화(輸出市場多邊化)를 통해 줄이려는 정책적(政策的) 노력(努力)으로 해석된다. 본고(本稿)는 부분균형분석(部分均衡分析)을 통해 비규제국(非規制國) 수출실적(輸出實績)을 개방(開放)쿼타의 배분기준(配分基準)으로 하는 2단계(二段階)쿼타배분제도(配分制度)가 기본(基本)쿼타에만 의존하는 단일(單一)쿼타배분제도(配分制度)보다 비규제국(非規制國) 수출물량(輸出物量)을 증가시키고 이에 따른 수출소득(輸出所得)의 변화는 비규제국(非規制國) 수입수요탄력성(輸入需要彈力性)에 의해 결정됨을 보인 반면 개방(開放)쿼타를 얻기 위한 기업의 경쟁행위가 비규제국(非規制國) 수출가격(輸出價格)을 한계생산비(限界生産費) 이하의 수준으로 하락시켜 자원배분(資源配分)의 비효율(非效率)을 초래할 수 있으며 이는 바로 GATT규정(規定)에 위배되는 덤핑사례(事例)를 유도할 수 있음을 보였다. 따라서 수출(輸出)쿼타배분제도(配分制度)를 운용함에 있어서 자원배분(資源配分)의 효율(效率)과 국제무역환경(國際貿易環境)에 미치는 영향 등을 충분히 고려해야 할 것이다.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.256-260
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• 2004

As a large portion of defence budget are alloted for military facility construction, reasonable budget estimation in the planning stage has been officers' main concerns. However the proper estimation of construction cost is difficult to be carried out due to the absence of systematic criteria. To improve the budget estimation for military facility construction, this study proposes a cost index model which can convert historical cost to current cost. Thus the developed cost index would enhance effectiveness of budget estimation process 3nd support reasonable decision making. This cost index model is developed by analyzing historical cost data with statistical methodology The study is executed by following process. First, factors which affect construction cost for the most are selected by analyzing historical cost data. second, the selected factors are categorized material cost, labor cost and equipment cost, and weights of those factors are calculated by dividing the cost of each factor by total item costs. Last, cost index is developed by using weighted average method.