• Title/Summary/Keyword: Agreement of Developer

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A Study on the Architectural agreement(Kenchikukiyoutei) of Japan (일본의 건축협정 제도에 관한 연구)

  • Weon, se yong
    • Journal of the Korean Institute of Rural Architecture
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    • v.7 no.3
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    • pp.36-45
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    • 2005
  • It is a study about an architectural agreement of Japan. For will including in the near future, new system need to solve people misunderstanding worrying about excessive restriction, and strive for interests among construction, as well as it is helpful to central administration for system propulsion finance and regional administration having to work practical. The study first introducing new system in Korea, consist of Agreement of purpose and contents(Period, Boundary, Management, Renewal, Disuse).

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A Study on the Architectural Agreement Contents -A case Study of Kyoto in Japan- (건축협정내용에 관한 연구 -일본 교토시의 합의협정지구를 대상으로-)

  • Weon, se yong
    • Journal of the Korean Institute of Rural Architecture
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    • v.8 no.3
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    • pp.51-58
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    • 2006
  • It is a study about an architectural agreement contents of Kyoto in Japan. For will including in the near future, new system need to solve people misunderstanding worrying about excessive restriction, and strive for interests among construction, as well as it is helpful to central administration for system propulsion finance and regional administration having to work practical. This study is about an Architectural rule on the architectural agreement contents in agreement of residents. Because This rule is necessary to introduce in Korea, because is possible to conserve regional characteristic in urban.

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EVALUATION OF MINIMUM REVENUE GUARANTEE(MRG) IN BOT PROJECT FINANCE WITH OPTION PRICING THEORY

  • Jae Bum Jun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.800-807
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    • 2009
  • The limited public funds available for infrastructure projects have led governments to consider private entities' participation in long-term contracts for finance, construction, and operation of these projects to share risks and rewards between the public and the private. Because these projects have complicated risk evolutions, diverse contractual forms for each project member to hedge risks involved in a project are necessary. In light of this, Build-Operate-Transfer(BOT) model is considered as effective to accomplish Public Private Partnerships(PPPs) with a characteristic of an ownership-reversion. In BOT projects, the government has used such an incentive system as minimum revenue guarantee(MRG) agreement to attract the private's participation. Although this agreement turns out critical in success of BOT project, there still exist problematic issues in a financial feasibility analysis since the traditional capital budgeting theory, Net Present Value(NPV) analysis, has failed to evaluate the contingent characteristic of MRG agreement. The purpose of this research is to develop real option model based on option pricing theory so as to provide a theoretical framework in valuing MRG agreement in BOT projects. To understand the applicability of the model, the model is applied to the example of the BOT toll road project and the results are compared with that by NPV analysis. Finally, we found that the impact of the MRG agreement is significant on the project value. Hence, the real option model can help the government establish better BOT policies and the developer make appropriate bidding strategies.

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Study on Procedure for Escrow Account to Resolve Controversy of Intellectual Property Right of Software for Rolling Stock (철도차량 Software 지적 재산권 분쟁 해결을 위한 Escrow Account 적용 절차에 대한 연구)

  • Park, Jun-Hyung;Cho, Chi-Hwan;Kang, Chan-Yong
    • Proceedings of the KSR Conference
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    • 2008.06a
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    • pp.1479-1485
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    • 2008
  • This paper shows the result of study on the detailed applicable procedure of software Escrow account applied for rolling stock. The customer as end-user requires software source code, related critical technical documents etc. about software based system of train for maintenance purpose through software modification and enhancement after completion of warranty period. Otherwise, it is not easy to keep up with the customer's requirement of demanding supplier's exclusive information because it is considered as intellectual property rights of supplier as software developer. Therefore, the main contractor(normally called as Car-builder) need to introduce software Escrow service in order to coordinate the different a standpoint between software developer and end-user. Software Escrow is a legal arrangement in which an software Escrow packages (software source code, software development tool, build process, proprietary information, copyright and etc.) is deposited into and Escrow account under the trust of a reliable third party (Escrow agent) depending on mutual agreement on Escrow contract condition as signing off Escrow agreement document. This paper deals with the study on the detailed procedure about the following general category of Escrow procedure and purpose to apply this specific procedure of Escrow into the future project onward.

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A Study on the Agile Approach in Battlefield Management Information System R&D Project in Korea Military (국방 전장관리정보체계 연구개발사업의 애자일 적용 방안 연구)

  • Yun, SungHyun;Lim, GyooGun
    • Journal of Information Technology Services
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    • v.20 no.1
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    • pp.41-54
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    • 2021
  • The SW-centered battlefield management information system R&D project takes a long period of 5-10 years or more by applying a complex and rigid batch acquisition strategy. In order to solve this problem, it is necessary to institutionalize a rapid and flexible battlefield management information system R&D project management procedure applying agile development methodology, and a government project management organization and contract management method to support it In this study, we analyzed the case of applying the Agile development method centered on Scrum to the US SW-centered weapon system R&D project and the characteristics and problems of the battlefield management information system R&D project in Korea, and suggested improvement measures as follows. First, the battlefield management information system R&D model applies the hybrid development method, and the system requirements analysis and system structure design use the existing waterfall development procedure, and the agile method is applied from the SW requirements analysis to the system integration stage. Second, flexible adjustment of performance, schedule, and cost by organizing an Agile IPT in which military (requirements) - DAPA (project management) - developer - functional specialized organizations (test and evaluation, quality, government research institutes, etc.) participate. Third, improving the Basic Order Agreement so that it can be applied to agile R&D.

A Feasibility Study on Acquisition System of the Urban Parks under the Special Use Permit - Focused on the Neighbourhood Parks Unexecuted in Long-term in Suwon City - (도시공원에서의 개발행위 특례 적용을 위한 사업수지분석 연구 - 수원시 장기미집행 근린공원을 중심으로 -)

  • Kim, Sung-Yong;Lee, Chang-Soo
    • Journal of the Korean Institute of Landscape Architecture
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    • v.38 no.4
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    • pp.54-63
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    • 2010
  • The recently-introduced Special Use Permit system is an exceptional approval system for private park developers to develop unexecuted urban park sites into urban parks with the implementation of profit-generating businesses within the boundary of preserving the original function of the park under an agreement with local authorities. This thesis studies the application of this system. This is a feasibility study of cases that have contributed to the acceptance of intended park sites by developing some parts of park sites as public housing, focused on unexecuted urban park areas for the long term in Suwon City based on the Special Use Permit, and creating other sites as park area. First, it has been judged that realization of business is possible at 300 percents of the floor area ratio in case of flatland neighborhood park which has high appraised land values. It is judged that realization of business is possible within a 10 percents size of private land at 200 percents of the floor area ratio in case of woodland and waterside neighborhood parks that have low appraised land values on the outskirts of the city. Second, through working expenses combining compensation and money for park construction, a balance of business profit can be understood within about 50 percents of total expenditures. Because the public contribution ratio by the Special Use Permit can be presumed as about 50 percents of total expenditures, it implies that windfall profits by the Special Use Permit can be adequately collected.