DOI QR코드

DOI QR Code

A Study on General Contractors' Control Measures for Construction Cost Overrun

종합건설사 현장의 원가초과 억제 방안 분석에 관한 연구

  • Received : 2023.10.23
  • Accepted : 2024.01.26
  • Published : 2024.05.31

Abstract

The effective control of cost overrun is a crucial issue for construction companies to secure profitability. Especially in situations where cost pressures are significant due to factors such as rising raw material prices and increased financial costs due to high-interest rate policies, cost overruns resulting from project failures have a highly detrimental impact on the profitability of construction firms. The objective of this study is to analyze the current status of cost overrun control measures adopted by construction companies using the IPA technique and provide key characteristics and implications. The IPA analysis results showed that practitioners in general contractors exhibit a high level of interest and effort regarding cost overrun while the performance level is relatively low. Nevertheless, the measures considered important to control cost overruns generally show a high tendency for execution as well. Cost overrun control measures that show high importance but low execution are primarily related to collaboration and communication sectors. To effectively control cost overruns, enhancing collaboration and communication with construction supervisors/CM, headquarters, and regulatory authorities emerged as the most urgent need. Through this study, the current status and areas for improvement regarding cost overrun control measures in general contractors can be identified. This can be valuable for deriving directions and enhancements for future cost overrun control strategy development.

원가초과의 억제는 건설기업의 수익성 확보를 위해 매우 중요한 현안이다. 특히 원자재 가격 상승, 고금리 정책에 따른 금융비용 상승 등과 같이 원가 상승 압박이 큰 상황에서 실패비용 발생으로 인한 원가초과는 건설기업의 수익성에 매우 부정적인 영향을 미친다. 본 연구의 목적은 IPA기법을 활용하여 건설기업이 현장에서 채택하고 있는 원가초과 억제 방안의 현황을 분석하고 주요 특징 및 시사점을 제시하는 데 있다. IPA 분석 결과, 종합건설사 실무자들은 원가초과에 대한 관심과 노력 수준은 높지만 그 성과는 상대적으로 낮은 것으로 나타났다. 그럼에도 불구하고 대체적으로 원가초과를 억제하기 위해 중요하다고 생각하는 방안은 실행도 또한 높은 경향을 보이고 있었다. 중요도가 높지만 실행도가 낮게 나타나는 원가초과 억제 방안은 주로 협력 및 의사소통 부문에 속해있으며 원가초과의 억제를 위해서는 감리자/CM, 본사, 인허가 기관과의 협력 및 의사소통을 강화하는 것이 가장 시급한 것으로 나타났다. 본 연구를 통해 건설기업의 원가초과 억제 방안에 대한 현황과 개선점을 파악할 수 있으며, 이는 향후 원가초과 억제 전략 마련을 위한 방향성과 개선사항을 도출하는데 유용하게 활용될 수 있다.

Keywords

Acknowledgement

이 성과는 정부(과학기술정보통신부)의 재원으로 한국연구재단의 지원을 받아 수행된 연구임 (No.2022R1F1A1064006).

References

  1. Aljohani, A., Ahiaga-Dagbui, D., and Moore, D. (2017). "Construction projects cost overrun: What does the literature tell us?" International Journal of Innovation, Management and Technology, 8(2), pp. 137-143.
  2. Annamalaisami, C.D., and Kuppuswamy, A. (2022). "Reckoning construction cost overruns in building projects through methodological consequences." International Journal of Construction Management, 22(6), pp. 1079-1089.
  3. Cho, H.T., and Park, K.J. (2001). "Cost Model for Cost Saving on Each Building Phase of Construction Project." Proceedings of the Architectural Institute of Korea , Architectural Institute of Korea, 21(2), pp. 571-574.
  4. Hong, S.H., Jung, D.W., and Oh, C.D. (2015). "Analysis of Competence Factors Assessment for Specialty Contractors'Employees using IPA." Korean Journal of Construction Engineering and Management, KICEM, 16(5), pp. 21-30. https://doi.org/10.6106/KJCEM.2015.16.5.021
  5. Hong, Y.T., Yu, J.H., and Lee, H.S. (2004). "Cost Diagnosis Process for the Prevention of Cost Overrun in Construction Project." Journal of the Architectural Institute of Korea Structure & Construction , Architectural Institute Of Korea, 20(8), pp. 107-114.
  6. Jeong, J.H., Lee, S.W., Ahn, B.J., Jee, N.Y., and Kim, J.J. (2014). "A Comparative Analysis of Hindrance Factors to Labor Productivity in Each Construction Site Using the IPA." Korean Journal of Construction Engineering and Management, KICEM, 15(6), pp. 71-82. https://doi.org/10.6106/KJCEM.2014.15.6.071
  7. Johnson, R.M., and Babu, R.I.I. (2020). "Time and cost overruns in the UAE construction industry: a critical analysis." International Journal of Construction Management , The Chinese Research Inst. of Construction Management, 20(5), pp. 402-411.
  8. Kim, J.H. (2014). "A Study on Improvement of Historical Cost Data System Using the IPA Method." Ph.D. Dissertation, Hanyang University.
  9. Kim, K.K., Gang, J.S., and Kim, H.S. (2006). "Developing an Assessment Model for Major Cost-Increasing Factors in Skyscraper Construction Using FMEA." Proceedings of the Korea Institute of Construction Engineering and Management, KICEM, pp. 507-510.
  10. Kim, S.B., Byun, J.Y., Kim, J.H., and Kim, J.J. (2014). "A Study on Competency Evaluation and Improvement Plan of Electrical Construction Management Using Importance-Performance Analysis." Korean Journal of Construction Engineering and Management, KICEM, 15(3), pp. 103-112. https://doi.org/10.6106/KJCEM.2014.15.3.103
  11. Kim, H.S., and HanmiParsons. (2003). "Innovation Strategy and Successful Cases in the UK Construction Industry." Boseonggak.
  12. Kwak, E.S., Kwak, J.W., and Park, M.J. (2023). "Verifying the Validity and Reliability of Management Accounting Measurements of Pharmaceutical Salespersons'Attitudes toward and Intention to Use e-Detailing Devices." The Society of Convergence Knowledge Transactions, The Society of Convergence Knowledge, 11(1), pp. 59-75. https://doi.org/10.22716/SCKT.2023.11.1.006
  13. Lee, J.B. (2022). "Analysis of Specialist Contracts Perception on the Acceptance of BIM Using Importance Performance Analysis (IPA)." "Ph.D. Dissertation, Hanyang University.
  14. Lee, K.T., Ann, H., Kim, J.W., and Kim, J.H. (2021). "A Comparative Analysis of Risk Impacts on Cost Overrun between Actual Cases and Managers' Perception on Overseas Construction Projects." Korean Journal of Construction Engineering and Management, KICEM, 22(3), pp. 52-60. https://doi.org/10.6106/KJCEM.2021.22.3.052
  15. Lee, M.H., Yoon, Y.G., and Oh, T.K. (2022). "A Study on the Safety Management of Vulnerable Workers in the Construction Site by Importance Performance Analysis (IPA)." The Journal of the Convergence on Culture Technology, The International Promotion Agency of Culture Technology, 8(5), pp. 723-728. https://doi.org/10.17703/JCCT.2022.8.5.723
  16. Memon, A.H., Rahman, I.A., and Azis, A.A.A. (2011). "Preliminary study on causative factors leading to construction cost overrun." International Journal of Sustainable Construction Engineering and Technology, Penerbit UTHM, 2(1), pp. 57-71.
  17. Olawale, Y.A., and Sun, M. (2010). "Cost and time control of construction projects: inhibiting factors and mitigating measures in practice." Construction management and economics, Taylor & Francis, 28(5), pp. 509-526.
  18. Park, Y.S., Park, C.H., and Lee, J.H. (2023). "Briefing on Construction Trends No.911." Construction & Economy Research Institute of Korea, (Aug. 2, 2023).
  19. Seo, J.W. (2020). "A Study on the Cost Management Status and Cost Management Risk Awareness Analysis by Position and Scale of Construction Companies." M.S.Dissertation, The Graduate School of Construction Chung-ang University.
  20. Shi, Y.N., and Heo, S. (2020). "A Study on the Consumer Selection Attributes of Chinese Classical Music Performance by Gender: Focused on IPA." Journal of Industrial Economics and Business, KIEA, 33(6), pp. 2045-2068.
  21. Shin, Y.C. (2000). "Effective Cost Management in Construction Industry." M.S.Dissertation, Graduate School of Business Administration Chonnam National University.
  22. Woo, H.P. (2012). "A Study of Cost Management and Reduction Strategy in Construction Work." M.S.Dissertation, Ulsan University.
  23. Yoon, J.C., Han, J.S., and Lee, S.C. (2018). "Issues and Improvements on Cost Determination and Cost Management in Construction Industry." Korean Accounting Journal, Korean Accounting Association, 27(3), pp. 255-288.