• Title/Summary/Keyword: Approximate Cost Estimating Model

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ACCURACY IMPROVEMENT OF AN APPROXIMATE COST ESTIMATING MODEL FOR RIVER FACILITY CONSTRUCTION

  • Siwook Lee;Sungkwon Woo;Jeongyoon Lee;Inwook Choi
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1201-1208
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    • 2009
  • A making a decision of construction cost has important meaning and function for both contractor and owner in construction projects. Especially, it should be premised that estimating the construction cost in efficient and rational way in public construction, which is invested by government funds, for efficient execution of the budget and investment as a side of government. The systematic methodology for estimating construction cost approximately 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. On this study, It collect and analyze a river facility construction historical cost data for develop an approximate cost estimating model for river applied by typical embankment section method and rate application of the others activity type. And it verify suitability of model through a that result of application of real river facility construction statement at developed model. By this study, it is expected to reasonable and systematic estimating construction cost through application of developed model.

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A Standard Section-Based Approximate Cost Estimating Model on Tunnel (II) - Cost Variance Index Table and Test - (표준단면을 이용한 터널 공사비 예측모델 개발 (II) - 공사비 변동 모델 및 검증 -)

  • Cho, Jeongyeon;Kim, Sang-Kwi;Kim, Kyoungmin;Kim, Kyong Ju
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.28 no.5D
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    • pp.677-684
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    • 2008
  • The paper provides an approximate cost estimating model that can be used for tunnel. Based on the previous study analyzed critical factors that have impact on tunnel construction cost, this paper establishes a cost variance index table that reflects the cost impacts due to the change of the critical cost factors. An estimating procedure is described utilizing the index table. For the verification of the suggested model, the comparison of the estimated construction cost with real project cost is performed. The estimated results range from 95%~111% of the real project costs. As an approximate tunnel cost estimating model, the model can be utilized to quickly estimate tunnel construction costs based on the conceptual information at the planning stage and to efficiently make a decision on design alternatives.

PROCESS RESEARCH FOR DEVELOPMENT OF STRUCTURAL COST ESTIMATING MODEL BASED QUANTITY - FOCUSED ON PUBLIC OFFICE BUILDING PROJECT -

  • Soo-Min Kim;Jung-Kyu Seo;Sung-Uk Kim;Chang-Hyun Shin;Yung-Jin Kim;Jae-Youl Chun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1170-1175
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    • 2009
  • When managers estimate exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But, the current of public construction cost estimation and management is concentrated almost after detailed design phase. Therefore, construction cost management in design development phase to generally use approximate estimating is not correct. Also, the existing construction cost used the method that estimated by gross floor area-based cost estimates at design development phase. So, it is difficult to show the specific amount of materials and basis about the estimated cost of the construction. This study derived problems and limits of construction management at design development phase in case of public office building project through review of literature and current survey, and suggested estimating process model process of structural construction cost go improve these matters.

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AN APPROXIMATE COST ESTIMATING MODEL FOR CONSTRUCTION PROJECTS

  • Daehee Lim;Seung-hoon Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1242-1247
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    • 2009
  • The sudden changes in the construction market and the progressively intensifying price wars have amplified the importance of the construction cost estimation in the initial and planning phases of construction projects. However the methodologies and process of estimating construction cost in the planning and design phase are not standardized in the domestic market, in contrast to the markets of more developed countries. Therefore this paper proposes a new approximate estimation model to be used from the initial stages of construction projects. This methodology that extracts, modifies and synthesizes comparable elements of previous cases. This will introduce the foundation for the implementation of systems with improved usability and applicability.

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Analyzing Data for Development of Structures Cost Estimating Model - Focused on Government Building Project - (건축 구조체 공사비 산정모델 개발을 위한 데이터 분석 - 공공청사를 중심으로 -)

  • Kim, Soo-Min;Cho, Jae-Ho;Lee, Jong-Sik;Chun, Jae-Youl
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.212-215
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    • 2008
  • When managers predict exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But present of public construction cost estimation and management almost after the construction documents design phase. Therefore, construction cost management in the early stage and schematic design phase to generally use approximate estimating is not correct. Accordingly, this study analyze problem of current cost estimating method and a concrete cost plans make using case information of actual cost to analyze in schematic design phase. Possible to check going on the suitable design, this study conducts the preliminary research for the development of cost estimating model.

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Tunnel Cost Estimating Model Based on Standard Section and Cost Variance Index (I) - Analysis Of Critical Cost Factors - (표준단면을 이용한 터널 공사비 예측모델 개발 (I) - 공사비 영향요인 분석 -)

  • Cho, Jeongyeon;Kim, Kyong Ju;Kim, Kyoungmin;Kim, Sang Kwi
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.28 no.5D
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    • pp.665-675
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    • 2008
  • The objective of this paper is to provide an approximate cost estimating model for tunnel that can be utilized both in quick construction cost estimating for design alternatives, and in evaluating efficiently the cost effects according to the environmental changes during design and construction stage. To meet this requirement, this study analyzes critical cost factors influencing tunnel construction costs. The cost factors include 7 elements such as rock drilling method, advancing method, type of detonator, loader capacity, unit weight and soil volume change factor, length of tunnel. This paper investigates the cost variance according to the change of the cost factors. The result is expected to be used in formulating approximate tunnel cost estimating model.

Approximate Estimating Model for PSC BEAM Bridge Using Influence Factors (PSC BEAM 교량 공사비 영향요인을 이용한 개략공사비 산정모델 개발)

  • Kang, Chan-Sung;Lim, Won-Seok;Kim, Kyoung-Min;Kim, Kyong-Ju
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.585-588
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    • 2007
  • This study attempts to analyze estimating process and the level of information performing literature review and questionnaire and identify phased influence factors on construction cost using phased information of project and suggests framework of approximate estimation model at the planning and design stage. This paper suggests phased influence factors on construction cost and framework of approximate estimation model for integrated project cost management.

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Approximate Estimating Model Using the Case Based Reasoning - PSC BEAM Bridge - (사례기반추론을 이용한 개략공사비 산정모델 개발 - PSC BEAM교를 중심으로 -)

  • Kang, Chan-Sung;Lee, Geon-Hee;Kim, Kyoung-Min;Kim, Kyong-Ju
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.445-448
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    • 2008
  • This study attempts to estimate approximate cost on construction of PSC BEAM Bridge using Case-Based Reasoning and suggests approximate estimation model at the planning and design stage. This paper suggests phased influence factors on construction cost and approximate estimation model for integrated project cost management.

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Development of a model for an equation for estimating construction costs based on the resource-based cost estimating system for TBM (TBM 공법의 자원기반 적산 방식에 의한 개산 공사비 예측 식 모델 개발)

  • Han, Seung-Hee;Park, Hong-Tae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.3
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    • pp.1474-1480
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    • 2013
  • This study attempted to estimate construction costs in accordance with the resource-based cost estimation (unit cost price) system by diameter for TBM method, and analyzed the direct cost and the total cost. Based on such figures, this study performed a regression analysis and proposed a model for an equation for estimating construction costs. model for the resource-based cost estimation (unit cost price) system classified by diameter for TBM method proposed by this study can be effectively applied to business planning, preliminary investigation, feasibility study, construction cost estimations in the early design stages.

Estimation Model for Approximate Construction Quantities of Suspension Bridge in Early Stage (사업기획단계에서의 현수교의 물량추정을 위한 모델연구)

  • Park, Weon-Tae;Chun, Kyoung-Sik
    • Journal of the Korean Society for Advanced Composite Structures
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    • v.6 no.4
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    • pp.24-29
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    • 2015
  • Bridge construction cost estimates have generally been conducted by using historial unit-price(per meter or square meter). The traditional estimating method based on unit-price references can never completely reflect the specialty of cable supported bridge. In this paper, we have developed the system for supporting the approximate construction cost and the quantity estimation based on 3D model information in the pre-project planning phase of 3-span continuous suspension bridge with 2-pylons. First of all, we'd analyzed the design information (such as structural design report, blueprint and quantity) and the real cost data from the existing suspension bridges and derived the design variables of the bridges. We developed the BIM wizard that generates a suspension bridge model parametrically based on derived design variables. The principle material quantities of suspension bridge are calculated directly from 3-dimensional bridge model built by using the BIM wizard. We have established the system that the construction cost can be estimated more specific than the traditional estimating method.