• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.389-400
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• 2020

A construction project is a designed product made up of labors, materials, and installations in the project positioned on the ground and may include the underground and ground section, and the section in water or on the water surface. It is a civil, industrial, transport, agricultural and rural development, infrastructure, or some other. A key phase in the life cycle of these construction projects is the implementation when building products are made directly with workers, equipment, materials, and managers. If there is a lack of management experience, information, and problem-solving solutions to tackle the risks faced by contractors, especially foreign ones, will fail in controlling the project's cost. This study was conducted with investigations, discussions, and evaluation of the factors that lead to cost overruns in the construction projects of international contractors in Vietnam. The principal component analysis (PCA) showed that those factors that influence cost overruns these construction projects fall into five general groups, including factors related to (i) the owners, (ii) the foreign contractors, (iii) the subcontractors and suppliers, (iv) state management, and (v) the project itself. Besides, the study proposes solutions to limit cost overruns in construction projects and improve the profitability of international contractors in Vietnam.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.367-372
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• 2006

Government is not only the biggest owner in public sector, but also the leader responsible for improving and fostering construction industry. Delivery systems and award methods are enacted as laws via government's strong will for construction innovation. In addition to establishing relationships between government and contractor, delivery systems and award methods affect every aspect of industry. Therefore, the government should keep trying to remove inefficiency and achieve Best Value. This paper analyzes the delivery systems and award methods of advanced countries to extract lessons for Korean industry focusing on leading parties, direction, and change in owner's awareness of their respective innovative movements for construction. The prerequisites for improvement in delivery systems and award methods are suggested as partnership between public and private sectors, consistent innovation, enhancement in efficiency, and reinforcement of owner's capability.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.455-458
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• 2008

The purpose of this study is to analyze technical manpower management problems that were made by specialized construction company, centering on the field of machinery and equipments, to offer an improvement of technical manpower management. For this study, the adapted research method select owners&foremans on 18 specialized construction company by machinery&equipment services and on-site supervisors on general contractor and then investigate the problem of contract and subcontract by survey. After analyzing the actual state of management, it present an improvement of technical manpower management. The results of this research are as follows. 1) It is analyzed foreman had a number of difficulty for dealing manpower management because of subordinate relationship between supervisor and foreman. 2) The improvement of technical manpower management is concluded that foreman is to be on- site proxy supervisor or to be hired by an annual salary.

• Korean Journal of Construction Engineering and Management
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• v.13 no.5
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• pp.12-24
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• 2012

The Risks in undertaking a construction project comes from many sources and often involves many participants in the project. This study has identified various kinds of risks, assessed the risk factors quantitatively and suggested risk management method for response pertinent in Design Build(Turn Key)type of projects in Korean context. A questionnaire was designed comprising of 145 possible risks in all types of construction projects. The population from owner, consultant and contractor groups was asked to indicate the risks applicable in DB projects. 25 numbers of critical risks in DB projects were identified and further analyzed for reveling inherent relationship between them through factor analysis. Factor analysis revealed 8 risk factors in DB projects. Construction site related, contract related and design related risk factor consisted about 72% of total risk weight. It has been found out about 6%, while considering the mutual dependency, it is about 10% of total cost of DB project. Therefore, It is suggested that 6% to 10% of construction amount as contingency has to be made provision for risk responses in the DB projects.

• Korean Journal of Construction Engineering and Management
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• v.5 no.5 s.21
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• pp.65-75
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• 2004

Labor management has been considered as an important task in construction industry. However, labor management has not yet been systematically performed because of the wide variety of factors of construction industry such as the field work, the complexity of the work process, the daily employment. Most of the present labor managements are performed to collect the information of the number of labors input during the work period, and to calculate labor cost. The information of activities performed by labors can be effectively used to analyze project status related to schedule, cost and productivity, but the present labor management systems are not based on the activities. The main objective of this research is to develop a labor information management system using IT tools in order to measure the number of labors input on the activities, and to convert the labor information into productivity data. It is anticipated that the effective use of the developed system would be able to effectively assist the scheduling and cost management of a project.

• Journal of Construction Engineering and Project Management
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• v.2 no.2
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• pp.18-27
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• 2012

Despite the rapid development in the construction industry due to the changing new technologies, many projects still fail to meet target deadlines. Shortage in manpower and skilled laborers is one of the main reasons for such delays. Markets with high economic growth and economic expansion (such as Gulf Countries in the Middle East) may have pronounced labor the shortages. Labor subcontracting practices are used sometimes to increase production rates and meet project deadlines. This paper explains and analyses labor subcontracting practices currently being used in many places around the world (and especially in the Gulf Countries) and in particular defines a maximum overtime rate for laborers in the laborer-subcontracting method ensuring that the contractor gains both the time saved during overtime and also reduces the cost per unit produced. The mathematical model used formalizes a closed-form equation for overtime pay in similar situations and as such can be applicable worldwide. Data was collected from representative projects that employed such practices from various trades. Validation of the model and formula has been tested successfully by analyzing historic data. The results prove that contractors often do not reach the optimum use of their practices resulting in a higher cost per unit. The presented model and the analysis should be of interest to many contractors currently involved in the practice or considering its use and to those who wish to find new methods that would help in eliminating as much wastes as possible by allocating their resources in the most efficient way.

• Journal of the Korean Society for Railway
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• v.14 no.1
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• pp.31-38
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• 2011

Turnkey and alternative-design contracts was introduced operation in the country from january 2004 to February 2010. this was introduced operation. The selecting method of contractor for turnkey projects has being operated by an open forum type that consists of technical committee and appraisal committee in an integrated design approach deliberations. But to improve the operation of the problems, the government is operating design review committee consisting of the central, local and special design advisory committee in march 2010. But this system has also been suggested as still problems, too many contracts by large companies, increasing of design cost and excessive competition. This study is intended to contribute that turnkey and alternative-design contracts can be well operated in domestic construction markets. In this paper suggests some improvement methods and operational problems caused from application of an open forum type for selecting contractor of turnkey project.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.426-429
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• 2003

In the construction process, there are many change orders differing to the initial contracts came from the social needs and environmental changes. Most of them will impact to the construction process so that its effects occur project delays. Time extension and liquidated damage in the construction process come from schedule delay whether it is excusable or not non-excusable by the owner. However, those become the delay claims if the owner and the contractor are not agreed on this situation. One of the most important thing on the delay claims is the calculation of delay. The purpose of this study is to present the method of the time delay calculation by comparison of As-Planned schedule, As-Built schedule including all delay and As-Built schedule absent owner delay.

• Korean Journal of Construction Engineering and Management
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• v.11 no.5
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• pp.3-14
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• 2010

This study investigated and analyzed feasibility analysis case studies, carried out by contractor of EPC LSTK projects in the planning stage to suggest the strategies to solve problems for project improvement. For this, five feasibility analysis case studies of gulf cooperation council (GCC) countries were reviewed and investigated. The results can be summarized as follows: 1) Those factors needed to be analyzed, including cost increase, project delay, quality decrease were insufficiently considered when assessing feasibility. 2) And improvement strategies for three problems mentioned above were suggested based on findings in feasibility analysis. 3) Lastly the process of the project feasibility analysis that can be applied to overseas plant construction project was suggested step by step.

• Korean Journal of Construction Engineering and Management
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• v.6 no.6 s.28
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• pp.90-97
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• 2005

Poor usage of work-continuity for planning and management is one of the leading causes of decreased productivity in high-rise and complexity construction projects. For efficient finish work, tact scheduling method needs to be implemented according to tact time. But there are the studies about zoning of work area, daily construction information and tact planning and management, there are not the studies about tact time yet. The purpose of this study is to help implementation of tact scheduling by tact time and adjusted work-plan. The main contents of this study are as follow; (1)Tact time has been calculated as coordination of work-plan between a general contractor and specialties. (2)Project-plan can be without delay by tact time calculation method.