• Title/Summary/Keyword: construction cost comparison

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Construction Cost Analysis of HPC Method by PC Construction Project Cases (사례분석에 의한 HPC공법의 공사비 분석)

  • Noh, ju-seong;Kim, Jae-yeob
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.05a
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    • pp.101-102
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    • 2017
  • This study was carried out as basic study to apply to construction site the HPC method which is being developed. The construction cost of HPC method was analyzed in comparison with conventional method (half slab method). With regard to research method, it was decided that data on construction work carried out by half slab method was analyzed. According to the results of study, in case of being applied to the construction work using a divided column, the number of columns was decreased. So, it was shown that member production cost, and transport and assemblage cost reduced. In case of being applied to construction work using an undivided column, the analysis showed that there was little difference in construction cost. Therefore, the analysis showed that, if HPC construction method was applied to large structure using a large column, the construction cost was reduced to some extent in comparison with conventional half slab method.

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The Economic Feasibility of Building-Integrated Photovoltaics System Installed on the Roof of Residential Building - Focused on Comparison with Construction Cost of BAPV System Depend on Roof Finishing Materials

  • Oh, Byung-Chil
    • KIEAE Journal
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    • v.17 no.1
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    • pp.15-21
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    • 2017
  • Purpose: This study was on the economic feasibility of BIPV system, focused on comparison with construction cost of BAPV system depend on roof finishing materials, and to suggest basic data on the construction cost. Method: Construction cost of BAPV system was calculated, by selecting asphalt single, flat type roof tile, color steel plate, titanium zinc plate as roof finishing material of residential building and by sum up each cost for roof finishing construction and cost for 3kWp-volumed PV module installation. Also, the economic feasibility was analysed quantitatively by comparing the cost for BIPV system construction, installing same volumed PV module instead of roof finishing materials. Result: 1. By installing BIPV system instead of the roof finishing material, the cost of construction falls ; about 19% in case of the titanium zinc plate, which is the most expensive, and about 11% in case of the color steel plate. 2. Reducing amount of the construction cost gets larger because of installing BIPV module instead of the roof finishing material, as the construction cost for roof finishing material gets higher ; therefore, it is more economical than BAPV system in terms of whole cost of construction.

CONSTRUCTION COST INDEX FOR APPLYING INDEX ADJUSTMENT RATE IN THE ROAD PROJECT

  • Jin-Young Chun;Sungkwon Woo
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1112-1117
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    • 2005
  • Construction cost index is generally used to estimate the new project cost based on past construction data and to adjust contract cost when the price change of various articles and items of expenditure composing the contract occurs. In Korea, it is mostly used for adjustment of construction contract cost due to fluctuation of prices. However index adjustment rate which is used for adjustment of construction contract cost had some problems in calculating cost index of each expenditure item that could not reflect properly the change of construction cost. For supplementing these problems, the research of developing construction cost index has been executed. Through the precedent research, these problems were partially resolved but still remain. Therefore this research proposes method of making cost index that utilizes representative items of labor, material, and equipment by analyzing bill of quantity of road construction, through analysis and comparison of precedent study. By using this method, it is expected to solve problems which were not reflected in precedent studies.

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The Benefit Cost Analysis of the Accident Prevention Cost in Construction Work (건설공사의 사고예방비용에 대한 투자효과 분석)

  • Park Jong-Keun
    • Journal of the Korean Society of Safety
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    • v.20 no.1 s.69
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    • pp.113-118
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    • 2005
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 500 construction sites from 'reports far industry safety and health' published by Korea Occupational Safety & Health Agency (KOSHA). The various research techniques were used such as technical statistic analysis for construction industry, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.

The Benefit Cost Analysis of the Accident Prevention Cost in Construction Work(I) (건설공사의 사고예방비용에 대한 효과분석(I))

  • Lim Heon-Jin;Kim Chang-Eun;Kim Jin-Soo
    • Journal of the Korea Safety Management & Science
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    • v.7 no.5
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    • pp.9-18
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    • 2005
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 526 construction sites. The various research techniques were used such as technical statistic analysis for construction industry, construction and civil engineering works, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.

The Benefit Cost Analysis of the Accident Prevention Cost in Construction Work(II) (건설공사의 사고예방비용에 대한 효과분석(II))

  • Lim Heon-Jin;Kim Chang-Eun;Kim Jin-Soo
    • Journal of the Korea Safety Management & Science
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    • v.7 no.5
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    • pp.19-30
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    • 2005
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 526 construction sites. The various research techniques were used such as technical statistic analysis for construction industry, construction and civil engineering works, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.

A Study on the Benefit cost Analysis of the Safety Cost in Construction Work (건설공사의 안전관리비 사용에 대한 투자효과 분석에 관한 조사 연구)

  • 이영섭;김남훈;박종근
    • Journal of the Korean Society of Safety
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    • v.16 no.3
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    • pp.111-116
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    • 2001
  • This study is conducted to review the ratio of direct and indirect cost accompanied by industrial accident in construction sites. It is surveyed that how to use safety cost in construction work is most efficient in comparison with several items of safety cost through the regression analysis.

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Forecasting of building construction cost variation using BCCI and it's application (건축공사비지수를 이용한 건설물가 변동분석 및 공사비 실적자료 활용방안 연구)

  • Cho Hun Hee;Kang Kyung In;Kim Chang Duk;Cho moon Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.64-71
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    • 2002
  • This research developed construction cost forecasting model using Building Construction Cost Index, time series analysis and Artificial Neural Networks. By this model, we could calculate the forecasted values of construction cost precisely and efficiently. And we also could find out that the standard deviation of forecasted values is 0.375 and it is a very exact result, so the standard deviation is just 0.33 percent of 112.28, the average of Building Construction Cost Index. And it show more exact forecasting result in comparison with Time Series Analysis.

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Integrating Deep Learning with Web-Based Price Analysis to Support Cost Estimation

  • Musa, Musa Ayuba;Akanbi, Temitope
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.253-260
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    • 2022
  • Existing web-based cost databases have proved invaluable for construction cost estimating. These databases have been utilized to compute approximate cost estimates using assembly rates, unit rates, and etc. These web-based databases can be used independently with traditional cost estimation methods (manual methods) or used to support BIM-based cost estimating platforms. However, these databases are rigid, costly, and require a lot of manual inputs to reflect recent trends in prices or prices relative to a construction project's location. To address this gap, this study integrated deep learning techniques with web-based price analysis to develop a database that incorporates a project's location cost estimating standards and current cost trends in generating a cost estimate. The proposed method was tested in a case study project in Lagos, Nigeria. A cost estimate was successfully generated. Comparison of the experimental results with results using current industry standards showed that the proposed method achieved a 98.16% accuracy. The results showed that the proposed method was successful in generating approximate cost estimates irrespective of project's location.

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Structural Design and Cost Evaluation of Double Hull Bulk Carrier (이중선체 벌크화물선의 선체구조설계 및 경제성 검토)

  • Song, H.C.;Yum, J.S.;Kim, B.I.
    • Journal of Power System Engineering
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    • v.9 no.2
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    • pp.106-111
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    • 2005
  • After many casualties of conventional bulk carriers in recent years, a double hull bulk carrier was proposed to enhance the structural safety of a side shell and a transverse bulkhead. In this paper, two alternative structural designs of a double hull bulk carrier were carried out based on the Lloyd's rule. One has the double sided hull with longitudinal stiffeners and the other has that with a girder. The final structural design was examined in comparison with an existing single hull bulk carrier from the viewpoints of cargo hold capacity and the increases of weight and construction cost. Generally, the construction cost of a ship consists of the costs of material, labor and overhead cost. But, in this study, the relative construction cost concept was introduced to compare the economical validity more precisely. In this concept, fixed overhead cost is excluded in the assessment of construction cost, and only the variable overhead cost is added up to labor cost. As the result of this study, a double hull bulk carrier can be constructed within 1% increase of weight and construction cost.

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