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http://dx.doi.org/10.12652/Ksce.2015.35.1.0217

Comparative Analysis between GDP Deflator Method and Index Adjustment Rate Method on BTL Sewer Rehabilitation Projects in Jeju  

Yang, Du-Suck (Hanwha E&C Co.)
Lee, Dong Wook (Jeju National University)
Publication Information
KSCE Journal of Civil and Environmental Engineering Research / v.35, no.1, 2015 , pp. 217-227 More about this Journal
Abstract
This study conducted case studies in order to suggest the improvement of GDP (Gross Domestic Product) deflator method which is adopted on calculating fluctuation rate on BTL (Build-Transfer-Lease) sewer rehabilitation projects in Jeju. As a result, because GDP deflator method calculates fluctuation rate by each quarterly, the fluctuation rate of GDP deflator method is higher than it of index adjustment rate method. And GDP deflator method cannot reflect real price because of applying fixed index in whole construction cost for calculating fluctuation rate. Especially, the notification day - the base point influences fluctuation rate and fluctuation amount strongly in GDP deflator method.
Keywords
GDP deflator of construction investment; Escalation; Index adjustment rating; Sewer rehabilitation project;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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