• Journal of Construction Engineering and Project Management
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• v.4 no.3
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• pp.13-20
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• 2014

Estimating time and cost is an important mission in the early phase of a construction project, especially in feasibility study. It provides a foundation for making decision whether or not the project is performed on schedule and within budget. Thus, reliability of this estimate plays a key role in measuring the success of a project. This study was carried out to investigate the time-cost relationship in building construction projects in Bangladesh. The mathematical equation used in this study is based on Bromilow's equation. The research data were collected from sixty-three completed building projects through questionnaire survey. Type of clients, type of projects, and tender methods are the project characteristics considered in this study. The results of analysis indicated that the Bromilow's time-cost (BTC) models developed for each project characteristic are appropriate due to quite high coefficient of determination and relatively small mean percent errors. Among them, the forecasted model for time and cost according to tender methods is the best fit model. It is concluded that the BTC model could be applied in building construction project to predict its time and cost in Bangladesh. Four different regression models were also developed in this study. The results of BTC model between some selected countries were compared to gain the comprehensive view.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.153-154
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• 2012

The accuracy of cost estimation at an early stage in school building project is one of the critical factors for successful completion. So many method and techniques have developed that can estimate construction cost using limited information available in the early stage. Among the techniques, Support Vector Machine(SVM) has received attention in various field due to its excellent capacity for self-learning and generalization performance. Therefore, the purpose of this study is to verify the applicability of cost prediction model based on SVM in school building project at the early stage. Data used in this study are 139 school building cost constructed from 2004 to 2007 in Gyeonggi-Do. And prediction error rate of 7.48% in support vector machine is obtained. So the results showed applicability of using SVM model for predicting construction cost of school building projects.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.05a
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• pp.329-330
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• 2023

The performance of the construction project is to be evaluated within 60 days of completion, according to relevant laws. It evaluates cost, construction period, design change, re-construction, safety, etc. for each project stage. And the project owners are inputting the evaluation results of the construction work into the construction project information system(CALS). The post-evaluation result information entered in this way can be referred to in the basic design of the construction project by referring to the related contents if there is a similar construction in the future. And It can also be used to predict and respond to the required period and cost by analyzing the accumulated data. In this study, in order to provide reference data that can be used in similar projects in the future, the latest analysis methods are reviewed and the possibility of future application is considered. Accordingly, this study intends to focus on the construction cost part among the indicators such as construction cost, construction period, design change, and re-construction that are currently being dealt with in post evaluation.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.506-513
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• 2009

The Construction Industry Institute (CII) developed the Project Definition Rating Index (PDRI), as a part of their Front End Planning best practices, which helps project managers assess and measure project scope definition risk elements. U.S. Green Building Council are seeing the benefits of sustainable building and Leadership in Energy and Environmental Design certification by positively impacting life cycle costs, building marketability, and organizational productivity. However, there have been no efforts to integrate these two planning tools in construction industry. By applying a supplemental tool which combines the PDRI with the LEED rating system, construction industry can develop and implement a tailored instrument that leads to total project success in sustainability. The objective of this research is to assemble a new front end planning mechanism for green buildings by incorporating the current PDRI and LEED systems.

• Journal of the Architectural Institute of Korea Structure & Construction
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• v.33 no.12
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• pp.11-18
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• 2017

The safety inspection cost of the construction work was based on commercial facilities classified as a single building. Therefore, it is not possible to fully reflect the characteristics of the multi-building construction project such as apartment houses. Therefore, this study suggests a reasonable estimation model that can fully reflect the characteristics of the multi-building construction project. The safety inspection cost estimation model proposed two models such as construction cost ratio method and cost plus fixed fee method. And these models were simulated by the apartment construction work and compared with the current standard. As a result, the current construction cost ratio method has shown that the safety inspection cost tends to be overestimated as the construction size increases. Therefore, the proposed model has reflected characteristics of the multi-building construction project, so that it can reasonably estimate the safety inspection cost more than the current standard.

• Journal of Construction Engineering and Project Management
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• v.4 no.4
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• pp.9-16
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• 2014

The purpose of this paper is to develop a model for forecasting early design construction cost of building projects using Artificial Neural Network (ANN). Eighty questionnaires distributed among construction organizations were utilized to identify significant parameters for the building project costs. 169 case studies of building projects were collected from the construction industry in Gaza Strip. The case studies were used to develop ANN model. Eleven significant parameters were considered as independent input variables affected on "project cost". The neural network model reasonably succeeded in estimating building projects cost without the need for more detailed drawings. The average percentage error of tested dataset for the adapted model was largely acceptable (less than 6%). Sensitivity analysis showed that the area of typical floor and number of floors are the most influential parameters in building cost.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2020.06a
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• pp.42-43
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• 2020

Recently as construction projects have been complicated, it has been wearing thin to draw on their personal experiences for management. Although the advance of IT, using the technology for construction is insufficient in contrast to other industries. BIM has been steadily used in construction projects, but it is not easy to find the case of successful use. This research considers ways in which BIM technology can be applied to useful management on a construction site and derives a method of application of using BIM for a Mega-complex Building Project especially.

• Korean Journal of Construction Engineering and Management
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• v.5 no.3 s.19
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• pp.106-113
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• 2004

Most construction project managers should focus on the reasonable cost-down with same quality and function-enhancement with same cost for the value-added construction project delivery in construction industry. Especially, a building structure construction is one of the most important processes to affect the total cost and schedule in building construction project. It means that the process has the possibility of project cost-down or quality-enhancement among the whole project life-cycle. This research focuses on the importance of underground structure of building project by increasing underground use ratio in the urban building construction projects nowadays. This research adopts VE method for the improvement of cost and time by process and analysis dimension modeling on the underground building structure construction, and verifies it throughout the case study, This research is the basic study on the improvement of underground building works through the value engineering method in construction industry.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2017.11a
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• pp.52-53
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• 2017

Through the case study, we surveyed an applicability of digital fabrication in irregular-shaped building construction project. By digital fabrication, we mean is a precision manufacturing method has been used in aircraft, ship and car manufacturing industry. We collected construction-completed "LotteWorld Tower Podium" project data and analyzed its process in terms of construction quality andduration. The result shows that digital fabrication is considered a competitive technology that enabled to complete the project in seven months within 3mm surface curvature threshold. The digitalfabrication is expected to apply on a number of irregular-shaped building construction project.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.1254-1254
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• 2022

The Multi-family Residential is one of the most famous building types for a rental property in the US. Often times it includes multiple residential buildings and some amenity facilities, including a clubhouse or leasing office, swimming pool, dog park, and garages. Since the building type is built for rental purposes, the construction planning is phased and it makes the project complicated. Detailed planning and execution are important for successful construction management. This paper provides some management practices that are applied to one of the multi-family residential construction projects in Phoenix, AZ. The Front End Planning (FEP) process performed by both owner and contractor is the first key to a successful construction project. Specifically, the early review of phased turnover strategy, grading, fire/Americans with Disabilities Act (ADA) compliance, and Mechanical/ Electricity/Plumbing/Technology (MEPT) will provide absolute benefit to the project. Second, using a scheduling method to control short-term schedules and long-term can provide the ability to manage the issues with agility. Third, material delivery and procurement dominate the both project schedule and cost. With this COVID-19 circumstance, it is hard to expect the material, equipment, and labor forces to be delivered on time with the contracted price. Managing floats are more than important to managing construction productivity. Risk management should work to share the risks fairly. Lastly, turnover is directly linked with the profit of the project for both owner and contractor. The communication between the owner and contractor to re-schedule the proper turnover schedule is important for the phased construction project.