• Title/Summary/Keyword: total construction cost

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A study on the estimate of construction management cost for public construction project in the CM for fee contract (정부공사 건설 사업관리 용역의 대가 산정에 관한 연구)

  • Chung J.-Young;Yoon Tae-Kwon
    • Journal of the Korea Institute of Building Construction
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    • v.6 no.3 s.21
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    • pp.115-122
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    • 2006
  • This study is aimed to get clear model for CM fee level in public construction project. For the practical use and main target, CM for fee contract only is assessed and analysed. Cost estimate by percentage of total contract sum and method based on the historical construction data have significant deficiency. An regression model and probabilistic model are suggested with 9 independent variables. In the case of limited work scope, an element based floor area model is suggested and concluded with fish-bone scheme.

Initial Input Cost Analysis by Different Construction Types of Slab Tracks in Urban Railway (도시철도 콘크리트궤도의 유형별 초기시설 투입비용 분석)

  • Kim, Hyo-San;Ryu, Jae-Kwang;Min, Jun-Ho;Han, Dong-Un;Lee, Dal-Jae
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.400-405
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    • 2011
  • The total length of Korean urban railways reaches 1,200km. Urban railway used to be installed with ballasted tracks by reason of low cost at the time of construction, slab tracks are now being installed due to the reasons of the improvement in safety, lengthening service life and more economical method in terms of maintenance. The length rate of slab tracks has exceeded 70% of the domestic urban railways with the methods ranging from STEDEF, LVT, ALT, Eidan-type, B2S to RHEDA. This study surveyed the share of domestic slab tracks, and compared and evaluated the input cost at the initial stage by the types of slab tracks. Construction processes have been standardized by the existing design documents and calculated the initial input cost for the length of 1km of a hypothetical straight line. Cost breakdown structure was evaluated as materials cost, construction cost, equipment cost, indirect cost, etc. It is expected that this study will be used in selection & evaluation which is considering the economic feasibility of slab tracks.

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Evaluation of Construction RCB Exterior Wall Formwork according to Placing Height on Nuclear Power Plant

  • Song, Hyo-Min;Sohn, Young-Jin;Shin, Yoonseok
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.6
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    • pp.653-660
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    • 2015
  • Technologies for reducing construction duration are key factors in nuclear power plant construction projects, as a reduction in construction duration at the construction phase leads to a reduction in construction cost and an increase in profits through the early operation of the nuclear power plant. To analyze the constructability of the height of single-layer placement of formwork for the Reactor Containment Building (RCB) exterior wall through lateral pressure according to the height of concrete placement, the deformation criteria for formwork, and a new form design, 'MIDAS GEN (hereinafter referred to as MIDAS)' is used in this study. The cost and workload of formwork are derived according to the unit of height of the RCB exterior wall. Based on the result, it was found that the higher the RCB exterior wall, the higher the material cost, and the less the construction duration and the less the total number of formwork layers. Based on this result, it is believed that the material cost and the construction duration can be appropriately determined according to the formwork height.

Ripple Effect Analysis of Construction Standard Unit Price in Public Construction (공공건설공사 표준시장단가 적용 파급효과 분석)

  • Jin, Zheng-Xun;Baek, Seung-Ho;Lee, Ju-Hyun
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.6_3
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    • pp.1207-1219
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    • 2022
  • 「Act On Contracts To Which The State Is A Party」 stipulates that the "Construction Standard Production Rate" and "Construction Standard Unit Price" be used as the criteria for determining the estimated price of construction works performed by public institutions. In this regard, issues such as the application scope of the Construction Standard Unit Price, and the effect of budget reduction continue. However, due to the lack of quantitative data on the actual application of Construction Standard Unit Price, it is difficult to objectively evaluate various issues. In order to prepare data for objective evaluation of the Construction Standard Unit Price, this study analyzed the ripple effect of applying the Construction Standard Unit Price based on the bill of quantity. As a result of the analysis, the Construction Standard Unit Price ripple effect in the civil engineering part was 9.2%, and it was analyzed that there was a ripple effect of about 1.9% based on the civil engineering direct cost. In the construction part, the ripple effect was analyzed to be relatively high at 17%, but it was found to have a ripple effect of about 3% in the construction direct cost. Based on the total direct cost, the ripple effect was calculated as 2.2%. Based on the analysis results, it is possible to evaluate the effect of applying the Standard Market Unit Price, and it is expected to be used as basic data to solve issues. As a future study, it is necessary to additionally analyze the ripple effect by Standard Market Unit Price application range (over 10 billion, over 20 billion won, etc.) and delivery system type (comprehensive evaluation, qualification examination, technical bidding, etc.). In addition, it is necessary to study the appropriate ripple effect of the Standard Market Unit Price.

A Study on the Economical Analysis of the Composite Precast Concrete Method (프리캐스트 콘크리트 복합화공법의 경제성 분석에 관한 연구)

  • Yoo, Dae-Ho;Lee, Han-Bok;Ahn, Jae-Cheol;Kang, Byeung-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.113-118
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    • 2007
  • In this study, we select a site adopting real composite precast concrete method. Estimating real construction cost and imaginary cost appling reinforced concrete method in the site, we compare the costs. Through using high intensity concrete and prestressed concrete, amount of concrete is reduced more than 50% but there isn't big gap in material cost. In the main construction cost of composite precast concrete method, the material cost with production cost and transportation cost are in that, joints and topping concrete are account for 90%. But in case of reinforced concrete, labor cost spent at concrete steel bar and form is account for 30%. In the cost of attached, compared with composite precast concrete method, the reinforced concrete method taken in big portion by temporary work and scaffolding is twice as much as composite precast concrete method in construction cost. Therefore, economic efficiency is excellent reducing 11% total cost of composite precast concrete method from the reinforced concrete method.

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An Estimating Model for Job-Site Overhead Costs according to Progress Rate (공정률에 따른 아파트 건설공사 현장관리비 산정모델)

  • Jeong, Kichang;Lee, Jaeseob
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.5
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    • pp.43-52
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    • 2018
  • Generally, research on construction cost has been done mostly regarding its direct cost, thus model regarding indirect cost lacks attention. This research seeks to introduce a model to predict on-site overhead cost for apartment construction projects, which constitutes a big portion in Korean construction industry. We devised an equation of 9th degree via curve-fitting, using multiple on-site actual expense data, which can be used to calculate per-progress rate, per-day on-site overhead cost. We further show prospective usage of the model by applying it on construction projects sizing about 30 billion won. Regarding the fact that previous studies could not recognize pattern changes of a total on-site overhead cost, this model is worthy of its conveniency and thoroughness, as well as providing reasonal ground for its derivation in predicting on-site overhead cost of apartment construction projects.

Adjust timing of Construction Construction Evaluation (건설공사 시공평가 시기 조정)

  • Yoon, Ji-Ho;Nam, Keong-Woo;Jang, Myung-Houn
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.78-79
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    • 2019
  • A construction project with a total construction cost of over 10 billion KRW should be evaluated whether construction works are appropriately executed. The evaluation is carried out on quality management, process management, construction management, safety management, environmental management. The implementation period is within 60 days after completion of construction of the construction, from the time when the construction rate of the construction work has progressed by more than 90% to the construction cost. However, the participating construction engineers should prepare the evaluation within the period according to the evaluation criteria, but there are difficulties in preparation for the evaluation due to the reasons such as the change of engineers in charge and loss of data. Therefore, this study proposes the procedure of construction evaluation and adjusts timing of construction evaluation.

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Measuring the Impact of Change Orders on Project Performances by Building Type

  • Juarez, Marcus;Kim, Joseph J.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.179-187
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    • 2022
  • The project performances can be measured in terms of meeting the project schedule, budget, and conformance to functional and technical specifications. Numerous studies have been conducted to examine the causes and effects of change orders for both vertical and horizontal construction, respectively. However, these studies mainly focus on a single project type, so this paper examines the impact of change order for cost growth and schedule overruns using four different building types to close the gap in the change order research area. A total of 211 building projects are collected from four building types: healthcare, residential, office, and education. Statistical analyses using ANOVA tests and linear regression models are used to examine the created metric $CO/day on the cost and schedule impacts. The results found that mean $CO/day values were not statistically different among building types, and that the sum of change orders is a statistically significant predictor of $CO/day. The results will help project stakeholders mitigate the negative change orders effects can be a challenge for project managers and researchers alike.

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Emergy evaluation of the optimum number of stories of new apartment buildings (아파트의 적정 건설층수 결정을 위한 에머지(emergy)평가)

  • Im Jung-Hyuk;Kang Dae-Seok;Lee Suk-Mo
    • Journal of Environmental Science International
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    • v.14 no.5
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    • pp.473-480
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    • 2005
  • The cost of the construction and management of new apartment buildings was evaluated using a monetary analysis and an emergy concept to provide a new perspective regarding the housing policy of Korea. The systems of analyses were typical apartment buildings with an area of $76.03m^2$ per household in Korea built on the same size of land area. Three apartment buildings with different stories were evaluated and compared; 5-story, 15-story, and 20-story apartment buildings. The durable years of those apartments were assumed to be 40 years. The total cost of the construction and management of an apartment building was divided into three categories of construction, land purchase, and management. A 20-story apartment showed the highest cost and a 15-story apartment the lowest in the monetary cost analysis. In contrast, the emergy evaluation revealed a different pattern in the cost of construction and management, the cost increasing from a 5-story apartment to a 20-story one. This means that the higher the apartment constructed, the greater the cost in terms of real wealth. This result suggests that new evaluation methodologies like the emergy analysis should be used together with the monetary analysis to provide better insights on the national housing policy.

INTEGRATED LIFE-CYCLE COST ANALYSIS CONSIDERING ENVIRONMENTAL COSTS: A HIGHWAY PROJECT CASE

  • Woo-Sik Jang;Heedae Park;Sungmin Kim;Seung Heon Han;Jong Seo Jeon
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.273-279
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    • 2011
  • Concerns over the environment have spawned a number of research studies in the construction industry, as the construction of built environments and large infrastructures involves diverse environmental impacts and loads of hazardous emissions. Many researchers have attempted to quantify these environmental loads, including greenhouse gases, carbon dioxide, nitrogen dioxide, and sulfur dioxide, to name a few. However, little research has been conducted regarding integrating the life-cycle assessment (LCA) of environmental loads with the current life-cycle cost analysis (LCCA) approach. This study aims to estimate the environmental loads as a monetary value using the European Climate Exchange (ECX) rate and, then, to integrate those impacts with the pure construction cost. Toward this end, this study suggests an integrated approach that takes into account the environmental effect on the evaluation of the life-cycle cost (LCC). The bill of quantity (BOQ) data of a real highway project are collected and analyzed for this purpose. As a result, considering the environmental loads in the pavement process, the total LCC increased 16% from the traditional LCC cost. This study suggests an integrated approach that will account the environmental effect on the LCC. Additionally, this study is expected to contribute to better decision-making, from the perspective of more sustainable development, for government as well as for contractors.

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