• Journal of Construction Engineering and Project Management
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• v.4 no.3
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• pp.13-20
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• 2014

Estimating time and cost is an important mission in the early phase of a construction project, especially in feasibility study. It provides a foundation for making decision whether or not the project is performed on schedule and within budget. Thus, reliability of this estimate plays a key role in measuring the success of a project. This study was carried out to investigate the time-cost relationship in building construction projects in Bangladesh. The mathematical equation used in this study is based on Bromilow's equation. The research data were collected from sixty-three completed building projects through questionnaire survey. Type of clients, type of projects, and tender methods are the project characteristics considered in this study. The results of analysis indicated that the Bromilow's time-cost (BTC) models developed for each project characteristic are appropriate due to quite high coefficient of determination and relatively small mean percent errors. Among them, the forecasted model for time and cost according to tender methods is the best fit model. It is concluded that the BTC model could be applied in building construction project to predict its time and cost in Bangladesh. Four different regression models were also developed in this study. The results of BTC model between some selected countries were compared to gain the comprehensive view.

• Journal of the Korean housing association
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• v.22 no.6
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• pp.51-60
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• 2011

The maintenance cost depends on various factors such as building volume, floor area, number of household and so on. The maintenance cost of the apartment housing is affected by the maintenance type, building physical factor, sociogeographic aspects. Among these, the maintenance characteristics is represented and made up by the total floor area and number of household which means main factor to provide the building scale roughly. In this paper, it aimed at modelling the estimation function of the maintenance cost with the total floor area and number of household and analyzing the elasticity of the two factors. Although items of maintenance cost are various in general cost, repair cost and so on, we classified these items into the 5 categories. 5 categories are a general cost, a facility maintenance cost, a utilization cost, insurance and sanitary cost. The estimation function used a power function and it has better goodness-offitness than any other estimation methods in statistics. A power function has a three curve types with concave and convex and linear style to the origin.

• KIEAE Journal
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• v.17 no.1
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• pp.15-21
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• 2017

Purpose: This study was on the economic feasibility of BIPV system, focused on comparison with construction cost of BAPV system depend on roof finishing materials, and to suggest basic data on the construction cost. Method: Construction cost of BAPV system was calculated, by selecting asphalt single, flat type roof tile, color steel plate, titanium zinc plate as roof finishing material of residential building and by sum up each cost for roof finishing construction and cost for 3kWp-volumed PV module installation. Also, the economic feasibility was analysed quantitatively by comparing the cost for BIPV system construction, installing same volumed PV module instead of roof finishing materials. Result: 1. By installing BIPV system instead of the roof finishing material, the cost of construction falls ; about 19% in case of the titanium zinc plate, which is the most expensive, and about 11% in case of the color steel plate. 2. Reducing amount of the construction cost gets larger because of installing BIPV module instead of the roof finishing material, as the construction cost for roof finishing material gets higher ; therefore, it is more economical than BAPV system in terms of whole cost of construction.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.851-854
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• 2008

The purpose of this study is to predict the maintenance cost for military official residence building projects which were ordered for five military official residence building. In conducting this study, the adapted research method was to classify initial investment for each construction of the military official residence building and to estimate maintenance cost. This study was analyzed by studying the estimation of maintenance cost in the apartments and present value analysis method. The results of this research are as follows. 1) The initial investments was analyzed that the total construction cost would be 1,683,286 thousand won ; construction(79%), civil(3%), landscaping(2%), MEP(5%), heating and hot water supply system(5%), and water supply and sanitary system(6%) per square meter. 2) Based on the result analyzed above, the maintenance cost of the apartments was analyzed and then estimated the proper maintenance cost by using maintenance cost estimation method and present a value analysis method.

• Korean Journal of Construction Engineering and Management
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• v.8 no.4
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• pp.155-166
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• 2007

The purpose of this research is to develop a conceptual model and prototype that establishes a new approach for building cost estimating in the schematic design phage. This research use the method that analyzes quantity and unit price separately to enhance schematic cost estimating through conducting literature review andi analyzing existing schematic cost estimating methods. In addition, this study proposes tile concept of cost breakdown structure including two more classifications: building element and floor compared to existing one only classified by trade. Thus, a Quantity Based Active Schematic cost Estimating(Q-BASE) model is developed founded on those two concepts. By applying proposed schematic cost estimating model, historical structure cost of residential complex building project is analyzed, and then, based on this analysis, prototype is implemented.

• Journal of the Korea Institute of Building Construction
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• v.10 no.2
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• pp.133-138
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• 2010

Conceptual cost is estimated with insufficient information at an early stage of a building construction project, resulting in an inevitable gap between conceptual estimated cost and real constructed cost. For a project to be successful, this gap must be managed to be lower than a reliable level. Therefore, the purpose of this study is to propose a structural process for managing the reliability of conceptual cost estimates at an early stage of a building construction project. In researching this study, conceptual cost estimate experts were interviewed,and a risk management process was studied. Reliability assessment and a review process for improving the quality of conceptual cost estimate and the planning strategy of reliability management based on previous similar projects were added to the present estimate process. The proposed reliability management process will improve the chances of a successful project, by helping to decrease the risk of conceptual estimated cost.

• Journal of Electrical Engineering and Technology
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• v.9 no.6
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• pp.1843-1850
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• 2014

In this paper, we investigate a group building based power consumption scheduling to minimize the electricity cost. We consider the demand shift to reduce the peak load and suggest the compensation function reflecting the relationship between the change of the building demand and the occupants' comfort. Using that, the electricity cost minimization problem satisfied the convexity is formulated, and the optimal power consumption scheduling algorithm is proposed based on the iterative method. Extensive simulations show that the proposed algorithm achieves the group management gain compared to the individual building operation by increasing the degree of freedom for the operation.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.179-187
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• 2022

The project performances can be measured in terms of meeting the project schedule, budget, and conformance to functional and technical specifications. Numerous studies have been conducted to examine the causes and effects of change orders for both vertical and horizontal construction, respectively. However, these studies mainly focus on a single project type, so this paper examines the impact of change order for cost growth and schedule overruns using four different building types to close the gap in the change order research area. A total of 211 building projects are collected from four building types: healthcare, residential, office, and education. Statistical analyses using ANOVA tests and linear regression models are used to examine the created metric $CO/day on the cost and schedule impacts. The results found that mean $CO/day values were not statistically different among building types, and that the sum of change orders is a statistically significant predictor of $CO/day. The results will help project stakeholders mitigate the negative change orders effects can be a challenge for project managers and researchers alike.

• Journal of the Korea Institute of Building Construction
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• v.3 no.3
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• pp.113-120
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• 2003

The purpose of this thesis is to provide an appropriate trade-off information for the conflicting interests caused by the various factors between building owner and contractor during selecting the contractor and performing the construction work, in which the construction was contracted by open bidding from the government or private organizations. In order to propose the legitimate evidence, the differences between the domestic contract sheet of drawing change and the process of drawing change and those of the foreign countries were compared and analysed. The number of construction ordered in Youngdong area in 2001 whose construction expenses are more than 100,000,000 won is 218 items and 147,005,000,000 won in total cost. Among them, the number of 218 items whose total cost amounts to 16,705,000,000 (11.36%) is in case of increase of construction expenses due to the drawing changes, and the number of 48 items whose total cost amounts to 2,009,000,000 won (1.37%) is the case of decrease. In conclusions, the contractor could have more benefits than the building owner in case they submit the detailed estimate sheet without eliminating the increasing expenses of construction. It is shown that the building owner's loss is increasing whenever the labor cost is higher than material cost. Therefore, this thesis proposes a proper standards for the harmonious compromise between the contractor and the building owner for the problems caused by the drawing changes when the contract agreement is occurred.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.283-284
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• 2012

High-rise building construction has been increasing for the recent years and the construction process has become more complicated. This suggests a need for precise planning based on reliable data to prevent cost overruns and delays. However, the process planning is implemented based mainly on the experience of engineers that can result in critical damage in cost and time. Accurate productivity estimation and unit cost analysis must be considered important matter to prevent such disaster. This study estimates productivity and unit cost of curtain wall operations in high-rise building construction by simulation techniques and statistical methodologies. This study suggests a decision making methodology for the site personnel that enables to compare various combinations of productivity and unit cost based on reliable data that has been collected in actual construction sites. It is expected that this study contributes to the following research of developing an optimized construction performance assembling model for the site personnel.