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http://dx.doi.org/10.5345/JKIC.2010.10.2.075

Development of a Calculating Model for Local Index Based on Historical Data of Public Apartment Buildings  

Lim, Dae-Hee (건원엔지니어링 기술연구소)
Lee, Seung-Hoon (건원엔지니어링 기술연구소)
Seo, Yong-Chil (건원엔지니어링 기술연구소)
Publication Information
Journal of the Korea Institute of Building Construction / v.10, no.2, 2010 , pp. 75-80 More about this Journal
Abstract
With the intensifying of price competition and structural diversifications, the uncertainty of the domestic housing market has been increased. This highlights the importance of the planning stage of construction projects, and the increased need for a higher level of accuracy in approximate estimates. Currently, a number of research and development programs to calculate construction cost at the initial planning stage are being conducted. However, there are few cases in which local characteristics are considered in deriving the results. If local calibration can be conducted during estimates, more accurate cost estimates will be enabled. This could also play a major role in ensuring the success of a project. Therefore, the purpose of this research is to develop a calculation methodology and a model for a local index based on the historical data of public apartment buildings, and to derive a local index that supports accurate construction cost estimates.
Keywords
local index; approximate cost eslimate; construction cost;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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