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http://dx.doi.org/10.5345/JKIC.2010.10.1.081

Development of an Unit Cost Modification Model for Proper Actual Cost Data in Small Building Construction Projects  

Kim, Kang-Shik (중앙선거관리위원회)
Hyun, Chang-Taek (서울시립대학교 건축학부)
Hong, Tae-Hoon (연세대학교 건축공학과)
Jo, Seong-Min (서울시립대학교 건축공학과)
Mun, Hyun-Seok (서울시립대학교 건축공학과)
Publication Information
Journal of the Korea Institute of Building Construction / v.10, no.1, 2010 , pp. 81-89 More about this Journal
Abstract
Since 2004, the government has changedthe cost estimate system to one of an actual cost basis in order to calculate the optimum construction cost by reflecting changes in circumstance on the construction site in a timely manner. Currently, this is being applied to public construction work forover a billion won of actual cost data in estimation by contract unit cost. However, directly reflecting actual cost, which for large-sized construction work was originally an average unit cost, to a small building, entails the application of a low discount rate for the cost of materials, labor, etc. and therefore can frequently give rise to cases in which the actual cost of work performed exceeds the contract sum, which in turn causes problems such as decreased revenues, bad effectson business operation, productivity, etc. Therefore, to apply actual cost to small-sized construction work (less than a billion won), there should be a plan to modify unit cost in a manner that can reflect project scale, etc. in order to resolve the problem of unit cost application of actual cost to small-building construction projects. The unit cost modification model for proper actual construction cost in small-scale construction projects developed by this study will help to increase the relevant productivity and proper gain, preventing the aggravation of business operations. Organizations placing orders are also expected to be able to secure a more realistic construction cost in arranging the budget.
Keywords
Small-Building Construction Projects; Actual Cost; Unit Cost Modification Model; Regression Analysis;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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