• Title/Summary/Keyword: total construction cost

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Investigating the Maintenance Cost of Rest Areas: A Case Study of Nevada

  • Shrestha, Kishor;Shrestha, Pramen P.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.624-631
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    • 2022
  • Highway Rest Areas are envisioned to provide an accessible space for rest and parking for travelers, especially those driving a long distance. In addition, modern highway Rest Areas provide many amenities to highway users, including wifi service, picnic tables, litter barrels, running water, public telephones, and sometimes even free coffee. Various studies were conducted in the domain of Rest Area facility design and their operating costs in different states; however, limited studies were conducted on the maintenance costs of these facilities. Therefore, this study's main objective is to compute the annual maintenance cost of Rest Areas in the state of Nevada. This study also analyzes the main cost categories of the maintenance works. The raw cost data of Nevada Rest Area maintenance from 1990 to 2012 were collected from the Nevada Department of Transportation (NDOT). Results show that the maintenance cost fluctuated over the study period; the maintenance cost decreased from 1991 to 2004 and then increased until 2012. The primary cost categories of maintenance work are labor, equipment, and material costs. Among these, labor cost was the largest category with 56 percent of the total maintenance cost, followed by equipment cost and material cost. The findings of this study may help NDOT and other transportation agencies plan their budget for future Rest Area maintenance activities.

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RISK MANAGEMENT IN CIVIL CONSTRUCTION PROJECTS - FROM COST ESTIMATING PERSPECTIVE

  • Ashley Jaensch;Jian Zuo;Nicholas Chileshe
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.162-167
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    • 2011
  • Construction projects are full of risks. This is particularly the case in civil construction projects that are often featured with large scale, complexity and involving a large number of participating parties. The eventuation of risks typically results in extended project durations leading to an increase in the total project budget. The consequence can be amplified considering the significant impacts of civil construction projects on the society, from economical, environmental and social perspectives. This research investigates the significance of risks within civil construction projects and approaches to deal with risks. Semi-structured interviews were undertaken with local industry practitioners in South Australia on this matter. It is found that the industry is fairly aware of risks associated with civil construction projects and subsequently has procedures in place to attempt to minimize the impacts of these risks on the project outcomes. The interview results also indicate that there is limited utilization of software for the risk management purpose from the cost estimation perspective.

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A Study on the Guideline of construction cost according to Size of position and Regional characteristics of New Public Libraries (신축 공공도서관의 지위적 역할에 따른 규모와 지역 특성에 따른 건립공사비 기준에 관한 연구)

  • Lee, Chul-Jae;Yun, Ji-Won;Lee, Min
    • Korean Institute of Interior Design Journal
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    • v.26 no.3
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    • pp.113-120
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    • 2017
  • As the functions and roles of public libraries expand, it is time for qualitative growth. In order to improve the quality of public libraries, it is important to plan actual construction costs through systematic feasibility study. Therefore, the purpose of this study is to present the guideline of construction costs considering the size and regional characteristics according to the status role of the new public libraries. The construction costs are based on actual data. The results of the study are as follows. First, we derived the analysis framework according to the size and regional characteristics. The status role of the public libraries was considered theoretically. The size was classified according to status role of the public libraries. Regional characteristics were classified through literature review. Through this, an analysis framework was derived according to size and region. Second, the actual data on construction costs of the new public libraries were examined and analyzed. Basic factors, size, area, and construction costs were analyzed for 285 libraries nationwide that opened from 2010 to 2016. The data of 129 newly opened public libraries were classified. To present construction costs depending on price fluctuation, construction cost index was analyzed as of September 2016. Third, a guideline of construction costs for new public libraries was suggested. The construction cost per $1m^2$ of building area was analyzed. By multiplying 116.70(p), the construction cost index, the construction cost per $1m^2$ of total building area was calculated to be 2,472,350 won. When applying the research result, construction costs can be gained by adding construction cost index of the month.

Optimum Safety Indices Based On Expected Total Cost Minimization (총기대비용 최소화원칙에 의한 최적신뢰성지수)

  • 이증빈;신형우;장석모
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 1993.10a
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    • pp.216-223
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    • 1993
  • The safety factors of current standard code are considered to be not appropriate compared to design and construction practices, even this safety factors are not determined from probabilistic study but merely from experiences and practices. This study pripose the optimum safety indices based on expected total cost minimization using only three parameters, which are the level of the failure cost to the initial cost by improvement in safety, and the order of the initial cost function.

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High Performance Fiber Reinforced Cement Composites in Construction Field (건설분야의 섬유강화 시멘트 복합 신재료)

  • Hong, Geon-Ho;Kim, Ki-Soo;Han, Bog-Kyu
    • Composites Research
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    • v.19 no.1
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    • pp.43-48
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    • 2006
  • High performance fiber reinforced cement composites have better performances than traditional cement based materials, therefore, have been expected as new construction applications such as the materials for construction & bridge structure, repair and rehabilitation applications, anti-collapse applications, anti-noise applications etc. However, they have lots of the problems such as material design, fabrication method and structural analysis. Also, the most serious problems of High performance fiber reinforced cement composites have been expensive initial cost, lack of long-term exposure data. As a result, it is needed that the efforts for lowering the initial cost and accumulation of long-term exposure. There has been hardly assessment results of life cycle cost for HPFRCC in construction field, but some papers showed that total life cycle cost could be profitable if the initial cost could be reduced.

Behavior of Lateral Earth Pressure around the Underpass Constructed by the STS Construction Method

  • Jin, Kyu-Nam;Kim, Hyo-Jin;Sim, Young-Jong
    • Land and Housing Review
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    • v.7 no.4
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    • pp.271-279
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    • 2016
  • Recently developed trenchless construction methods ensure stability for the ground settlement by inserting steel pipes along the underpass section and integrating steel pipes before ground excavation to form pipe-roof. This study is to confirm the reinforcing effect of pipe-roof by measuring lateral earth pressure acting on the underpass constructed by the STS (Steel Tube Slab) construction method. For this purpose, lateral earth pressure was measured at the left and right side of the pipe-roof after installing earth pressure cells. As a result, lateral earth pressure was measured with considerable reduction because the integrated pipe-roof shared surcharge. Therefore, economic design for the underpass could be expected by sharing design load by pipe-roof. In addition, construction cost was analyzed according to the design-load sharing ratio by pipe-roof. As pipe-roof shares design load by 40%, the total construction cost can decrease by almost 10% in the case of four-lane underpass.

Crafting an Automated Algorithm for Estimating the Quantity of Beam Rebar

  • Widjaja, Daniel Darma;Kim, Do-Yeong;Kim, Sunkuk
    • Journal of the Korea Institute of Building Construction
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    • v.23 no.4
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    • pp.485-496
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    • 2023
  • Precise construction cost estimation is paramount to determining the total construction expense of a project prior to the initiation of the construction phase. Despite this, manual quantification and cost estimation methods, which continue to be widely used, may result in imprecise estimation and subsequent financial loss. Given the fast-paced and efficiency-demanding nature of the construction industry, trustworthy quantity and cost estimation is essential. To mitigate these obstacles, this research is focused on establishing an automated quantity estimation algorithm, particularly designed for the main rebar of beams which are recognized for their complicated reinforcement configurations. The exact quantity derived from the proposed algorithm is compared to the manually approximated quantity, reflecting a variance of 10.27%. As a result, significant errors and impending financial loss can be averted. The implementation of the findings from this research holds the potential to significantly assist construction firms in quickly and accurately estimating rebar quantities while adhering strictly to applicable specifications and regulatory requirements.

A Case Study on Construction Cost Comparison for On-Site Construction and Off-Site Construction of Plant Project (플랜트 건설의 현장시공 및 모듈시공에 대한 공사비 비교 사례연구 - Pipe Rack을 대상으로 공사비 산정 -)

  • Kang, Hyun Wook
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.4
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    • pp.25-34
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    • 2023
  • The purpose of this study is to calculate and compare construction costs for On-Site Construction and Off-Site Construction in Plant Project. For this purpose, the target for calculating the construction cost was limited to the Pipe Rack(Steel Structure and Piping). The results derived according to the purpose of the study are as follows. 1)The direct construction cost for On-Site Pipe Rack construction was KRW 56 billion, with Steel Structure KRW 25.1 billion and Piping KRW 30.8 billion won. 2)Comparing the rate of change between On-Site Construction and Off-Site Construction, material costs increased by 1.9% and expenses by 192.1%, but labor costs decreased by -9.1%, resulting in a total direct construction cost increase of 8.4%. These results can be used as reference data to check the current status of the increase or decrease in construction costs when constructing Pipe Racks as Off-Site Construction.

EVALUATING MANAGEMENT STRATEGIES THROUGH ECONOMIC MODELING OF HEAVY EQUIPMENT FLEETS

  • Tyler Johnson;John Hildreth;Scott Capps
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.219-225
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    • 2013
  • State transportation agencies utilize fleets of heavy equipment to construct and maintain roadways. Equipment cost models can be developed to forecast economic life, which is the point at which the average unit cost to date reaches a minimum. A calculated economic life and cost models can be used to quantify the impacts of management strategies applied to a fleet. The purpose of this research was to develop an accurate method of quantifying the results of management strategies applied to a fleet of heavy construction equipment. The strategies evaluated are related to the annual usage of the fleet and the size of the fleet. More specifically the methodology is used to adjust the economic model to consider a limit to the annual decline in machine usage and a reduction in the number of machines in the fleet. When limiting annual machine usage, a specified rate is applied to the usage of the fleet, while total usage is held constant. This causes aging at a modified rate. A reduction in fleet size also causes a change to the usage of a fleet as the fleet must use fewer machines to produce the same total usage.

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Optimal Design of Breakwater Caisson Considering Expected Total Construction Cost and Allowable Sliding Distance (기대 총 건설비 및 허용 활동량을 고려한 방파제 케이슨의 최적설계)

  • Kim Kyung-Suk;Suh Kyung-Duck
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.17 no.4
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    • pp.280-293
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    • 2005
  • In this study, a model to calculate the expected total construction cost has been developed by combining a model to calculate the sliding distance of a caisson of a vertical breakwater and a model to calculate the rehabilitation cost of a caisson. The optimal cross-section of a caisson of a vertical breakwater is defined as the cross-section that requires a minimum expected total construction cost within the allowable limit of caisson sliding. Two allowable limits are considered: 0.1 m of the expected sliding distance during the lifetime of the breakwater and 0.1 of the probability that the cumulative sliding distance during the lifetime of the breakwater is greater than 0.3 m. A discount rate has also been introduced to convert the future rehabilitation cost to the present value. The introduction of the discount rate reduces the expected total construction cost for the caissons designed for shorter return periods due to frequent rehabilitations. The present design method requires a smaller cross-section than the conventional deterministic method in shallow water depths, enabling us to design a caisson more economically. On the other hand, the above-mentioned allowable limits of caisson sliding show similar results for smaller water depths, while, for larger depths, the former requires a larger cross-section than the latter.