• Title/Summary/Keyword: approximate cost estimation

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Schematic Estimation Process for Finishing Work using 3D Geometry-Knowledge Information (3차원 형상·지식정보를 활용한 마감공사 개산견적 프로세스)

  • Park, Sang-Hun;Park, Hyung-Jin;Koo, Kyo-Jin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.210-212
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    • 2013
  • The construction cost estimates during the design phase becomes the standard to judge profitability and validity, and is very important in various decision-makings by project owner. However, since approximate costs are quoted when many parts are undecided in the early stage of project, differences are bound to occur between the construction cost calculated through approximate quotation and that put into construction actually. Also, since in existing quotation works, quantity calculations have been dependent on the staff's manual work, involving error potential, and thus differences are likely in quantity calculation depending on the quotation staff's method of calculation. In this study, the process of creating space model to deduce 3D geometry information for approximate quotation in association with knowledge information and the expression for calculation of finishing area were proposed.

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Construction Cost Estimate Modeling of Roundabout at Preliminary Design Stage in Jeju (제주도 내 회전교차로의 초기공사비 예측모델 개발)

  • An, Jin-Hong;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.4
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    • pp.1299-1306
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    • 2014
  • Recently, there are many roundabouts installation works which are ordered to provide convenient transportation to road users as well as to eliminate traffic accidents and traffic delays. This study propose an approximate construction cost estimation model for early stages of roundabout construction. The model is designed considering the conditions of the early stage roundabout construction sites in Jeju. The regression equation of approximate construction cost was derived through regression analysis of 25 design data of roundabout construction in Jeju, and it was analyzed to have a high prediction accuracy. Finally, results verifies high prediction accuracy of the derived regression equation. Difference between the estimation cost and the design cost was only 2.3%, 3.7%, and 5.8% that verifies the high accuracy of the proposed approximate construction cost estimation model.

Suggestion and Verification of Assessment model on Construction Cost of Steel Box Girder Bridge in Project Performance Phases (사업 수행 단계별 강박스거더교 공사비 산정 모델 제시 및 검증)

  • Jeon, Eun-Kyoung;Kyung, Kab-Soo;Park, Jin-Eun;Kang, Sin-Hwa
    • Journal of Korean Society of Steel Construction
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    • v.22 no.1
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    • pp.55-65
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    • 2010
  • To effectively secure and execute the national budget, it is very important to estimate the reasonable construction cost of each process in the construction of public facilities and works. The construction cost is generally estimated at the time when the design of the targeted structures has been completed. Without detailed sectional drawings and with only simple information on bridge structures in the planning stage or in the early design stage. it would be very difficult to predict the approximate construction cost. In this study, a more efficient and appropriate approximate construction cost estimation model in the planning stage and in the early design stage is presented and verified as reliable by analyzing the construction cost data of 61 existing steel box girder bridges from previous studies. The results of this study show that when the construction cost that was predicted using the construction cost estimation model in the design stage was compared with the cost from the conventional standards, the suggested model in this study produced results with a very high confidence level.

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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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.

An Estimation Model of Historical Cost Using BIM Library for Road Project (도로분야 BIM 라이브러리를 활용한 실적공사비 산정모델 구축)

  • Moon, HyounSeok;Ju, KiBeom
    • Korean Journal of Computational Design and Engineering
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    • v.20 no.4
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    • pp.431-442
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    • 2015
  • Currently, a BIM-based quantity takeoff (QTO) system is mainly focused on architectural projects. To perform this, diverse quantity takeoff methods such as an object-based automatic quantity takeoff, manual quantity and base functions of calculation have widely been utilizing. However, since BIM library for road projects includes structural elements associated with alignment, it is necessary to establish cost estimation system interlocked with historical cost using 3D library by each unit length. Accordingly, the aim of this study is to develop cost estimation model with using a historical cost approach so that it can be utilized in construction planning based on the BIM library for road projects. For this, based on the BIM library for road, the standardized quantity is estimated, and a process for calculating historical cost and a verification model with a 5D simulation was developed by mapping a WBS code with each BIM library object. This can be applied during the approximate cost estimation process in a project planning and an initial design phase for road projects. Besides, it is expected that these results will be utilized in constructing an optimal historical cost estimation process for project libraries.

Development of Basic Construction Cost Estimation Model for Expansion of Underground Parking Lot Remodeling in Apartment Housing (공동주택 지하주차장 확대 리모델링 개략 공사비 산정 모델 개발)

  • Jeong, Eunbeen;Koo, Choongwan;Kim, Taewan;Lee, Chansik
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.2
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    • pp.42-52
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    • 2021
  • The cost of remodeling parking lots of apartment houses accounts for about 20 percent of the total cost of remodeling. This means that when the remodeling cost of the underground parking lot is known, it becomes possible to estimate the total construction cost. The standard of estimation referenced when calculating the construction cost is difficult to apply to calculating the remodeling cost. Thus, a construction cost estimation model that reflects the characteristics of remodeling construction is necessary. This study developed a basic construction cost estimation model for expansion remodeling of underground parking lots of apartment houses that calculates the approximate cost of construction by reflecting the characteristics and design elements of remodeling. Based on literature review and consultation with experts, 37 activities of underground parking lot remodeling construction were derived. In order to enable calculation of approximate construction cost before the remodeling design drawing is finalized, the quantity calculation formula and unit price for each activity were presented. Based on expert advice, 13 factors that affect the increase in construction cost and weights of each factor were determined. As a result of applying three cases of remodeling complexes to the basic cost estimation model, the accuracy was confirmed to be 93 percent on average.

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.

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.

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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