• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.11a
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• pp.98-99
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• 2014

Construction equipment cost is critical to estimate the total construction costs, particularly in large and complicated projects. Despite its importance, the construction equipment cost may not reflect the current market value since the equipment database is being updated every 6 years at most. To keep construction equipment cost up to date, it is highly recommended to use the standard market price that is reported each year by the Ministry of Security and Public Administration (MOSPA). However, there is still a gap to adopt the standard market price system for the construction equipment cost computing system. Therefore, this paper suggests an effective way to develop a construction equipment cost estimation system.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.124-125
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• 2013

The purpose of this research is to propose an approximate estimation system for Modernized Hanok. Mock-up (Jisinjae) site data has been collected and analysed to characterize the modernized Hanok and to examine the range of cost fluctuation rate with each work items. As a result, number of floor, area (㎥), shape, methods and materials were considered as key factors for price change on the total construction cost. Furthermore, wood structure (34%) and roof (17%) account for major cost percentage. The cost fluctuation rate of two factors were -3.3%~+5.6% (wood structure) and -4.1%~+4.2% (roof). For further research, existing method will be analysed in order to developing the Hanok estimation system. And the cost fluctuation rate of every work items will be continually evaluated.

• Journal of the Korea Institute of Building Construction
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• v.8 no.1
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• pp.97-102
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• 2008

The report of the Korean Board of Audit and Inspection(BAI) on May 2007 indicates the problems of Life Cycle Cost (LCC) analysis and evaluation in the Design-Build(Turn-Key) and alternative bidding system. The point which the report indicates is that the cost estimation system for LCC analysis has nothing in common each other and there's no consistency among the repair cycle and ratio per facilities parts. For solving these problems, BAI demands the establishment of the guidelines for LCC analysis and evaluation from the competent authority Korean Ministry of Construction And Transportation(MOCT). The objective of this study is to develop the improvement directions for LCC analysis and evaluation which are suitable to the public construction projects especially for the Design-Build and alternative bidding system in Korea. For this study, the LCC related raws and regulations, LCC analysis guidelines of public cooperations, actual condition of LCC analysis and evaluation which include, the elements of LCC, the estimation rules of the initial cost and the maintenance cost, the analysis standards of time value of money, etc. are investigated to provide the improvement directions for LCC analysis and evaluation.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.44-45
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• 2014

Recently the Korean government also has strictly restricted a law such as GBCC(Green Building Certification Criteria)and RPS(Renewable Portfolio Standard) on the construction. Especially the government announced a obligation of renewable energy consumption over 12% for all the public buildings of total area over 1,000㎡ since 2014. Regarding to the policy, this study presented the economics of energy analysis of the public office buildings that supplies 12% renewable energy output in the early stage of construction project. This paper calculated on CO₂ emission by the geothermal, solar heat, and solar photovoltaic system and estimated the saving cost. Reduced cost through the energy saving are predicted to influence on the total construction cost. As a result air pollution and energy saving cost are expected that renewable energy system would be saving total initial cost of construction on planning phase.

• 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.

• Journal of the Korea Institute of Building Construction
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• v.14 no.5
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• pp.477-485
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• 2014

Standard production unit system and historical cost data are the most typical data base for calculating budget price in construction. However, these construction cost estimation methods are difficult to calculate proper construction cost because definition, additional allowance or modification criteria is not clear in construction within one day. Therefore, this study identifies problems for standard production unit system and historical cost data and suggests the improvements for them. For the objectives, this study analyzes frequency after implementing survey for 44 specialty contractors in placing at kyeonggi-province. As the results of the study, labor costs in standard production unit system and equipment costs in historical cost data and in construction of pavement and maintenance by project type was exceeded at most high rate against construction cost estimation methods. Based on this result, standard production unit system and historical cost data need to be modified by three improvements such as classification by project scale. These will be baseline data for improvement of construction cost estimation methods for less than one day workload.

• Korean Journal of Construction Engineering and Management
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• v.17 no.1
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• pp.3-9
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• 2016

This study proposes a approximate cost estimation system based on Excel with VBA using weighted CBR(Case Based Reasoning). One characteristic of this system is that it generates the sheet automatically as many as the number of similar case and new estimation when it performs a case learning and a new estimate and cell formula is automatically entered into each sheet. User can be free to compose a combination of attribute factors because they can select up to ten attribute factors. This paper presents an applicability of estimation model for estimating the soil remediation cost when it use a landfarming method. When compared to a estimation model by using average unit cost and optimum multiple regression, this model shows a better result. This study was aimed at landfarming method, but it is expected that a cost estimation model using CBR will be more likely to apply in soil remediation technologies which various remediation technologies and pollutant species exist.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.698-699
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• 2015

For last three years, our research team have conducted the project named "Development of construction project management technology based on BIM/GIS platform. "We developed construction cost estimation system as well as 3D modeling engine at the first two year and established a web-system which could estimate the benefits of the project and further analyze the economic and financial feasibility of the project. This paper mainly focused on the functions and specifications of web-system. The system was composed of two modules: economic feasibility estimation module and financial feasibility estimation module. While the economic feasibility estimation module determines economic feasibility of the project based on traffic demand forecasting from the public's perspective, the financial feasibility estimation module determine financial viability of the project using toll fee of the road from private entity's perspective. Compared with traditional feasibility study, the proposed system provide users with better flexibility which can make users easily to validate the project upon the change of project environments. The system was also verified with an already accomplished project. The verification showed that proposed system could provide satisfactory accurate results with reduced time and resources.

• Journal of the Korean Institute of Landscape Architecture
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• v.25 no.1
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• pp.82-99
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• 1997

The purpose of this study is to establish work classification system of landscape construction in order to offer the basis of new estimation system of public landscape construction. New estimation system is based on historical construction data. For application of this system, the standard work classification system is necessary. Because extensive cost data should be accumulated under an unified construction work classification system. In the study of new estimation system carried by KICT(Korea Institute of Construction Technology), landscaping works belong to earth work of civil engineering. It looks very unreasonable work classification, because landscape archtecture has its own specialties and professional domain. In this study, information classification systems in the construction industry and various landscaping works of housing developments are analysed. As a result. a standard work classification system of housing landscape construction is proposed in section VI-3. This standard work classification structure consists of three levels divisions (i.e large work division, middle work division, small work division) . Now in this study, housing landscape construction works are divided into four large works and twenty six middle works. According to work attributes, middle and small work division is possible to subdivide into details.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.851-854
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• 2008

The purpose of this study is to predict the maintenance cost for military official residence building projects which were ordered for five military official residence building. In conducting this study, the adapted research method was to classify initial investment for each construction of the military official residence building and to estimate maintenance cost. This study was analyzed by studying the estimation of maintenance cost in the apartments and present value analysis method. The results of this research are as follows. 1) The initial investments was analyzed that the total construction cost would be 1,683,286 thousand won ; construction(79%), civil(3%), landscaping(2%), MEP(5%), heating and hot water supply system(5%), and water supply and sanitary system(6%) per square meter. 2) Based on the result analyzed above, the maintenance cost of the apartments was analyzed and then estimated the proper maintenance cost by using maintenance cost estimation method and present a value analysis method.