• Title/Summary/Keyword: Construction Cost Estimation System

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Recipe-based estimation system for 5D(3D + Cost + Schedule) CAD system (레서피(Recipe) 기반의 견적 방법을 이용한 5D CAD 시스템)

  • Choi, Cheol-Ho;Park, Young-Jin;Han, Sung-Hun;Chin, Sang-Yoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.154-160
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    • 2006
  • There wasn't very successful practice cases for the quantity take-off based on the CAD system since the CAD system is used in the construction industry more than 20 years in Korea. It was also not easy to use 3D CAD system in design management and cost management in the construction industry although 3D CAD system is very successful in the manufacturing industry for those areas recently. It is important to construct 3D libraries and to supply those libraries for the designers in time. Architectural work is a kind of creative work. So, Architects like to create their own model. Unlike the manufacturing industry, 3D CAD system can not be survived in the construction industry without new 3D objects supply in the right time. Moreover, the estimation system for 3D must support the schematic design phase, detailed design phase and construction design phase. The product called "Constructor" of Graphisoft consist of modeller, estimator and scheduler based on 3D model. We applied the system to a real project and compared the estimation result and we made a very successful case study.

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기획단계에서의 최적 개산견적산정의 방법론 고찰

  • Kim Chan-Joong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.120-125
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    • 2003
  • The estimated construction costs derived at the Planning stage of a project are utilized as important data determining the feasibility of overall project. Therefore the clients usually expect to have estimations of the construction cost as precise as possible and there has been extensive studies carried out by the cost specialists worldwide to satisfy this client's specific need whereas the local estimators still heavily rely on producing quantities and detail quotations only. This paper is to introduce a case study where elemental/functional area cost analysis is incorporated into a database system for the improved accuracy in cost estimations.

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Development of Land Compensation Cost Estimation Model : The Use of the Construction CALS Data and Linked Open Data (토지 보상비 추정 모델 개발 - 건설CALS데이터와 공공데이터 중심으로)

  • Lee, Sang-Gyu;Kim, Jin-Wook;Seo, Myeong-Bae
    • Proceedings of the Korean Society of Computer Information Conference
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    • 2020.07a
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    • pp.375-378
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    • 2020
  • 본 연구는 토지 보상비의 추정 모델 개발을 위해서 건설 CALS (Continuous Acquisition & Life-cycle Support) 시스템의 내부데이터와 개별공시지가 및 표준지 공시지가 등의 외부데이터, 그리고 개발된 추정 모델의 고도화를 위한 개별공시가 데이터를 기반으로 생성된 데이터를 활용하였다. 이렇게 수집된 3가지 유형의 데이터를 분석하기 위해서 기존 선형 모델 또는 의사결정나무 (Tree) 기반의 모델상 과적합 오류를 제거할 경우 매우 유용한 알고리즘으로 Decision Tree 기반의 Xgboost 알고리즘을 데이터 분석 방법론으로 토지 보상비 추정 모델 개발에 활용하였다. Xgboost 알고리즘의 고도화를 위해 하이퍼파라미터 튜닝을 적용한 결과, 실제 보상비와 개발된 보상비 추정 모델의 MAPE(Mean Absolute Percentage Error) 범위는 19.5%로 확인하였다.

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Comparative Analysis on Productivity Data and Cost Estimate System of Road Bridge Construction in Korea and China (한국 및 중국 도로교량공사의 생산성자료 및 예정가격 산정시스템 비교분석)

  • Chang, Cheng;Huh, Youngki
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.3
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    • pp.39-47
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    • 2020
  • There are two kinds of cost estimate system in construction in china. Quota valuation model is a traditional cost estimate system under the unity of quantity and price, which is easier and has been used for decades. But the Quota valuation model becomes increasingly unsuited to the needs of society with the development of market economy. To meet the needs of China's market economy development and construction works in the field of international cooperation, the Bill of Quantities valuation model was introduced in 2003. However, there are still many shortcomings and deficiencies in the course of implementation of Bill of Quantities valuation model. In addition, interest in the Chinese construction market continues to increase in Korea due to the recent new North Korean policy and China's the Belt and Road policy. This paper aims to examine the cost estimate system of public construction works in China, and to provide basic data for deriving future improvement plans by comparing and analyzing it with standard cost estimate system in Korea.

Cost prediction model of Public Multi-housing Projects in Schematic Design Phase (공공아파트 계획설계단계에서의 공사비 예측모델)

  • Kwon, Ho-Suk;Moon, Hyun-Seok;Lee, Sung-Kyun;Hong, Tae-Hoon;Koo, Kyo-Jin;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.3
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    • pp.65-74
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    • 2008
  • Public institutions recognize the importance of cost management from the planning stage but they do not have an organized construction cost estimation and management system. Thus, at the stage of planning a new public construction project and estimating the cost, those in charge of budgeting estimate construction cost based on existing data and experiences, compare construction cost estimated after the basic design stage and the execution design stage with budgets, and then decide whether to continue the project or change the design according to the budgets. Therefore, we would develop the cost prediction model through regression analysis that can predict construction cost in Schematic Design Phase of the Public Multi-Family housing. Accordingly, if public institutions have a construction cost prediction model and management system that can estimate the optimum construction cost, they can make and execute budgets in a more efficient way than they do at present.

Application of Big Data and Machine-learning (ML) Technology to Mitigate Contractor's Design Risks for Engineering, Procurement, and Construction (EPC) Projects

  • Choi, Seong-Jun;Choi, So-Won;Park, Min-Ji;Lee, Eul-Bum
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.823-830
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    • 2022
  • The risk of project execution increases due to the enlargement and complexity of Engineering, Procurement, and Construction (EPC) plant projects. In the fourth industrial revolution era, there is an increasing need to utilize a large amount of data generated during project execution. The design is a key element for the success of the EPC plant project. Although the design cost is about 5% of the total EPC project cost, it is a critical process that affects the entire subsequent process, such as construction, installation, and operation & maintenance (O&M). This study aims to develop a system using machine-learning (ML) techniques to predict risks and support decision-making based on big data generated in an EPC project's design and construction stages. As a result, three main modules were developed: (M1) the design cost estimation module, (M2) the design error check module, and (M3) the change order forecasting module. M1 estimated design cost based on project data such as contract amount, construction period, total design cost, and man-hour (M/H). M2 and M3 are applications for predicting the severity of schedule delay and cost over-run due to design errors and change orders through unstructured text data extracted from engineering documents. A validation test was performed through a case study to verify the model applied to each module. It is expected to improve the risk response capability of EPC contractors in the design and construction stage through this study.

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Estimation method of Overhead Costs for Historical Costs Estimation System of the Electrical Construction Works in Korea (국내 전기공사 분야 실적공사비 적산제도 도입시 간접공사경비의 산정방안)

  • Sohn, H.K.;Lee, H.K.;Park, M.Y.;Park, I.P.;Kwon, Y.M.;Seo, S.S.;Kim, K.G.;Kim, J.H.
    • Proceedings of the KIEE Conference
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    • 2004.05b
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    • pp.148-151
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    • 2004
  • When we have been estimated construction costs, till now, we are used to costs accumulating method of each items based on standard labors rates. But there are some problems of its methods. Our governments are applied to a historical construction costs estimation system fur building construction and civil engineering works from January 2004. The electrical construction works are forecasted that applied to historical construction cost estimation systems. This paper is supposed to reasonable estimation methods of overhead costs and profits.

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User Interface Design for Life Cycle Cost Estimation System (LCC 산정 시스템의 사용자인터페이스 설계)

  • Yang, Hoe-Ryeong;Shin, Han-Woo;Kim, Tae-Hui
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.149-150
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    • 2012
  • According to the increase of demand of the deteriorated building. The interest of the building's maintenance is continually increased, so studies about how to increase building's stability & prolonged life span are increased. This study's purpose is to maintain building's function, so we suggest a protocol type system of UI to estimate reasonable planning of demand of repair & replacement and to distribute budget.

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Development of Maintenance Management System Module in BTL Project for Educational Facilities (교육시설물 BTL 사업의 유지관리 시스템 모듈 개발)

  • Lee, Eun-Dong;Son, Jae-Ho;Kim, Jae-On
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.132-141
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    • 2007
  • According to the public information of the Ministry of Education & Human Resources Development, the construction project of educational facilities from 2005 to 2007 will use BTL (Build-Transfer-Lease) contract. Budget of those projects will be the worth over 13 trillion won. In this research, the estimation standards for the public health maintenance expenses are established which is the part of the operation and maintenance cost in the total BTL project cost. Also, a system core module using the developed standard was introduced in this paper. A comparative analyses were conducted with the several possible estimation case to validate the system developed.

Regression Technique-based Productivity Estimation conducting Construction Delay Factor Analysis on Interior Works in High-rise Building Construction (공기지연요소분석을 이용한 회귀분석 기반 초고층 내부공사의 생산성 예측)

  • Kim, Hyun-mi;Kim, Tae-Hyung;Shin, Young-Keun;Kim, Young-Suk;Han, Seungwoo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.05a
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    • pp.191-192
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    • 2011
  • The construction projects contain a lot of variables and risk affecting productivity. The duration of the project must be recognized important as for quality, unit cost and safety. There is need for improving work efficiency by investigating relationship of works to prevent delay. This study focuses on analysing the delay factors of steel staircase system to suggest regression model that enables construction productivity estimation. The position of the observers and construction delay factors were expressed by the independent variable of the regression model and productivity was expressed by a dependent variable. This paper suggests quantitative productivity and it is expected that will be helpful estimating application in construction new technologies.

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