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http://dx.doi.org/10.5345/JKIBC.2015.15.4.397

An Ordinary Management System for Updating Construction Equipment Prices in the Poom-Saem Based on the Standard Market Price1  

Ahn, Bang-Ryul (Korea Institute of Civil Engineering and Building Technology)
Tae, Yong-Ho (Korea Institute of Civil Engineering and Building Technology)
Kim, Dae (Department of Architectural Engineering, Dong-eui University)
Huh, Young-Ki (Department of Architectural Engineering, Pusan University)
Publication Information
Journal of the Korea Institute of Building Construction / v.15, no.4, 2015 , pp. 397-404 More about this Journal
Abstract
Construction equipment cost is critical to estimate the total construction costs, particularly in large and complicated projects. Public construction projects are typically estimated using the Poom-Saem which includes hourly rates for workers and equipments. Despite its importance, the construction equipment cost may not properly reflect the current market value because it is being updated every six years at most. To keep the data for construction equipment cost estimation up to date, it is highly recommended to use the standard market price that is reported each year by the Ministry of Security and Public Administration (MOSPA). However, there is still a wide gap to directly adopt the standard market price for updating the construction equipment prices. Therefore, this paper suggests an effective way to develop an ordinary management systems for updating construction equipment prices in the Poom-saem based on the standard market price.
Keywords
poom-saem; construction equipment price; standard market price;
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