ACCURACY IMPROVEMENT OF AN APPROXIMATE COST ESTIMATING MODEL FOR RIVER FACILITY CONSTRUCTION

  • Siwook Lee (Department of Civil Engineering, Inha University) ;
  • Sungkwon Woo (Department of Civil Engineering, Inha University) ;
  • Jeongyoon Lee (Department of Civil Engineering, Inha University) ;
  • Inwook Choi (Department of Civil Engineering, Inha University)
  • Published : 2009.05.27

Abstract

A making a decision of construction cost has important meaning and function for both contractor and owner in construction projects. Especially, it should be premised that estimating the construction cost in efficient and rational way in public construction, which is invested by government funds, for efficient execution of the budget and investment as a side of government. The systematic methodology for estimating construction cost approximately of a river facility construction project has not yet been established because of its unique characteristics including its relatively small project size in terms of cost. On this study, It collect and analyze a river facility construction historical cost data for develop an approximate cost estimating model for river applied by typical embankment section method and rate application of the others activity type. And it verify suitability of model through a that result of application of real river facility construction statement at developed model. By this study, it is expected to reasonable and systematic estimating construction cost through application of developed model.

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Acknowledgement

This research was supported by a grant from Construction and Transportation R&D Program (06CITA03) funded by Ministry of Land, Transportation and Maritime Affairs (MLTM) of Korean government.