• Title/Summary/Keyword: Construction Cost Estimation System

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A Study on the Estimation Model of Cost of Energy for Wind Turbines (풍력발전기의 에너지 비용 산출에 대한 고찰)

  • Chung, Taeyoung;Moon, Seokjun;Rim, Chaewhan
    • New & Renewable Energy
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    • v.8 no.4
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    • pp.3-12
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    • 2012
  • Large offshore wind farms have actively been developed in order to meet the needs for wind energy since the land-based wind farms have almost been fully developed especially in Europe. The key problem for the construction of offshore wind farms may be on the high cost of energy compared to land-based ones. NREL (National Renewable Energy Laboratory) has developed a spreadsheet-based tool to estimate the cost of wind-generated electricity from both land-based and offshore wind turbines. Component formulas for various kinds and scales of wind turbines were made using available field data. In this paper, this NREL estimation model is introduced and applied to the offshore wind turbines now under designing or in production in Korea, and the result is discussed.

Feasibility study on waste heat utilization system in subway (지하철배열 이용 시스템의 경제성 평가)

  • Lee, Chul-Goo;Kim, Jong-Dae;Im, Tae-Soon;Pang, Seun-Gki;Ham, Heung-Don
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.7 no.1
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    • pp.59-64
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    • 2011
  • Feasibility study on energy saving system by utilizing exhausted heat from subway, which is one of the unused energy, was carried out. General heat source system using absorption chiller-heater was used for comparing to the energy saving system, and payback period method using initial cost and running cost of two systems, was used to perform economic estimation. Payback period was about ten years, and this period might be shortened if nation's economic support enact.

Probabilistic GMP Calculation Method based on BIM (BIM기반 확률론적 GMP 산정방안에 관한 연구)

  • Go, Gun-Ho;Jin, Zheng-Xun;Kim, Hyun-Joo;Hyun, Chang-Taek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2018.05a
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    • pp.122-123
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    • 2018
  • Recently, CM at Risk delivery system(CM@R) that could solve the problems of Design Bid Build delivery(DBB) system has been emerging. In the CM@R delivery system, the contractor negotiates for a maximum guaranteed price(GMP) with the client at the design stage, and the contractor carries out the construction within the GMP. In CM @ R, the construction company with expertise in construction participates from the design stage to reflects the construction know-how in the design. On the other hand, the modification design frequently occurs due to the change of the construction cost when negotiating the GMP. In addition, uncertainties are inherent in the GMP calculation because the calculation is based on unfinished drawings and documents. This study proposes a probabilistic GMP estimation method applying MCS to the BIM - based cost prediction model, in order to extract the accurate quantity information when estimating the GMP and to cope with the change of the construction cost inherent in uncertainty.

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Prediction of Building Construction Project Costs Using Adaptive Neuro-Fuzzy Inference System(ANFIS) (적응형 뉴로-퍼지(ANFIS)를 이용한 건축공사비 예측)

  • Yun, Seok-Heon;Park, U-Yeol
    • Journal of the Korea Institute of Building Construction
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    • v.23 no.1
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    • pp.103-111
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    • 2023
  • Accurate cost estimation in the early stages of a construction project is critical to the successful execution of the project. In this study, an ANFIS model was presented to predict construction costs in the early stages of a construction project. To increase the usability of the model, open construction cost data was used, and a model using limited information in the early stage of the project was presented. We analyzed existing studies related to ANFIS to identify recent trends, and after reviewing the basic structure of ANFIS, presented an ANFIS model for predicting conceptual construction costs. The variation in prediction performance depending on the type and number of membership functions of the ANFIS model was analyzed, the model with the best performance was presented, and the prediction accuracy of representative machine learning models was compared and analyzed. Through comparing the ANFIS model with other machine learning models, it was found to show equal or better performance, and it is concluded that it can be applied to predicting construction costs in the early stage of a project.

Spatiotemporal Visualization of Unit Price Data of Highway Projects

  • Jain, Deepanshi;Shrestha, K. Joseph;Jeong, H. David
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.77-81
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    • 2015
  • The unit price contracting is the standard contracting method for highway projects in the U.S. As a result, state highway agencies have collected a large amount of historical bid data that they can use to determine engineer's estimates for future projects. The estimator must carefully consider various characteristics of a new project such as its location to determine an engineer's estimate as accurate as possible before bid letting. Higher cost estimates can result in the loss of the available budget and lower cost estimates may lead to deferral and delay of projects. The study uses the historical bid data obtained from Iowa Department of Transportation and develops a Geographic Information System (GIS) tool to visually show the variation of unit prices over the map using a spatial interpolation technique. The interpolation map can be used to estimate the unit price of the item at any location across Iowa. This noble method allows the estimator to effectively and fully utilize the historical bid data in a very time efficient manner and determine more accurate cost estimation.

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An Analysis on the Influence Factors relative to Reliability of Standard Production Unit System (표준품셈의 신뢰성에 대한 영향요인 분석)

  • Kim, Yong-Woo;Shin, Won-Sang;Son, Chang-Baek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.05a
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    • pp.187-189
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    • 2011
  • Standard production unit system has been used as accumulated standard for the cost estimation of public construction projects. However, it is difficult to estimate reasonable cost due to adaptation of a uniform standard and reflect changes in the technology. The purpose of this study is to provide basic data for improvement of standard production unit system through the identifying problems and analysing its influence on enactment and/or revision work of standard production unit system.

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Seismic assessment of Nitinol Belleville Elastic Nonlinear (NI-BELL-E-N) structural system

  • Hadad, Alireza Asgari;Shahrooz, Bahram M
    • Steel and Composite Structures
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    • v.43 no.3
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    • pp.375-388
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    • 2022
  • Nibellen structural system is a novel resilient bracing system based on the application of Bellville disks and Nitinol rods. The cyclic behavior of Nibellen assembly was obtained, and the design equations were developed based on the available literature. Seismic performance of the system was then studied analytically. Two groups of buildings with different lateral force resisting systems were designed and studied: one group with the Nibellen system, and the other with the special concentrically braced frame system. Each building group consisted of 5-, 10-, and 15-story buildings. The Design-Base-Event (DBE) and Maximum Considered Event (MCE) were considered as the seismic hazard, and a suite of seven ground motions were scaled accordingly for response history analyses. Finally, the resiliency of the buildings was studied by obtaining the functionality curve of the buildings before and after the seismic event. The construction cost of the 5-story building with Nibellen bracing system increased but the post-earthquake cost decreased significantly. The application of Nibellen system in the 10- and 15-story buildings reduced both the construction and repair costs, considerably. Resiliency of all the buildings was improved when Nibellen system was used as the lateral force resisting system.

A Study on the Estimation of the Proper Rates of Safety Management Cost in the Construction Technology Promotion Law for Reasonable Construction Safety Management (합리적인 건설안전 관리를 위한 건설기술진흥법상 안전관리비의 적정요율 산정에 관한 연구)

  • Yoon, Young Geun;Oh, Tae Keun;Lee, Myeong-Gu;Seong, Joo Hyun;Jung, Min Hyung
    • Journal of the Korean Society of Safety
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    • v.33 no.5
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    • pp.84-91
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    • 2018
  • Despite the government 's efforts to reduce constructional disasters, it has been pointed out that the safety management cost of the Construction Technology Promotion Act does not reflect the actual site. Therefore, it is necessary to study the proper guideline of the safety management cost which can be used as the most fundamental measure to prevent construction accidents. Moreover for the securement of the reasonable safety management costs, it is important to calculate its appropriate rate. Thus, in this study, the appropriate rate of safety management cost was proposed by the construction cost & type based on the 111 execution plans of safety management cost, and the rate is analyzed to be 1/10 of the occupational safety and health management cost. The results of this study will be a guideline in improvement to the proper schedule rating system improvement and in implement of pilot projects.

AN APPROACH FOR ESTIMATING TOTAL COST OF OCCUPATIONAL SAFETY FOR BUILDING CONSTRUCTIONS

  • Gurkan Emre Gurcanli;Nesimi Teoman Korkutan;Ugur Mungen
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.168-175
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    • 2011
  • Construction accidents are major problem in Turkish Construction industry and especially fatally rates are very high. Current legislative system on occupational safety in Turkey enforces employers to implement safety measures as well as safety management systems. However level of consciousness in the industry is unsatisfactory and safety are perceived as extra cost and unnecessary expenditure. Moreover, especially in small residential building constructions which have a big share in the industry and unfortunately safety measures to mitigate or abate construction risks do not exist. The study focuses on small residential building construction sites and in the scope of this study, thirty building projects are examined. For each building project, project cost including labour and material costs, service and consultancy costs for mechanical, electrical systems as well as architectural and structural services, costs for supervision and finally general expenditures for construction site facilities were calculated. On the other hand, occupational safety costs for personal protective equipment, collective protective measures, consultancy and training were determined. Work breakdown structures were established and for each work item firstly occupational risks were evaluated and furthermore according to risk scores safety measures to be implemented were defined and related costs were calculated. The study gave results for total safety cost on average, in terms of percentage of total project cost (3.73% of total project cost), safety cost per man-hour (0.40 USD) and safety cost in terms of unit construction area (11.60 USD per square meter). Since safety management is a part of whole project management process, study gives suggestions and techniques to calculate safety costs and implement safety measures as a part of project management service for professionals. Authors believe that suggested approach may easily developed by the usage of more data to establish a model for estimation not only for building construction sites but also for all construction projects.

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Role of Quantity Surveyor and Activities of reeled Associations in Historical Construction Costs Estimation System of Foreign Countries (외국의 실적공사비 제도에서 적산사의 역할과 적산사 협회의 활동현황)

  • Sohn, H.K.;Lee, H.K.;Park, I.P.;Park, M.Y.;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.176-179
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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 summarized to roles and systems of quantity surveyor. And we investigated to activities and organizations of its associations.

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