• Title/Summary/Keyword: Construction Cost Management

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A Study on Analysis of Construction Monitoring Cost and Improvement Measures of Railway Tunnel Construction in Seoul (서울시 철도터널 건설공사의 공사계측비 분석 및 개선방안 연구)

  • Jong-Tae Woo
    • Journal of the Society of Disaster Information
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    • v.19 no.1
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    • pp.18-30
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    • 2023
  • Purpose: This study is to contribute to the development of monitoring technology through the increase of confidence in construction monitoring by deriving the analysis of construction monitoring cost and improvement measures of railway tunnel construction in Seoul. Method: It presents the status on design and contract of construction monitoring cost, status on application construction monitoring cost and its analysis, analysis on safety management cost and quality management cost, expansion of application of the price calculation standard for monitoring management services to improve this, and monitoring for direct order of ordering organization. Results: If the monitoring management service that was meanwhile ordered as included in the construction work is performed by the directly selected company of ordering organization through the preliminary screening for bidding qualification, then the improvement of monitoring quality and the accurate monitoring data can be secured. Conclusion: For the price calculation standard for monitoring management service, the application of actual cost addition method under the Engineering Promotion Act and the calculation standard of monitoring management cost for standard estimation for ground survey should be extended through the direct order of ordering organization, not the method to be included in the net construction cost where it is performed by a subcontractor via contractor.

Analyzing Characteristics of Construction Complaints with Construction Project Type

  • Lee, Ju-Hui;Lee, Changjun;Yun, Sungmin
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.3
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    • pp.52-61
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    • 2023
  • Conflicts in a construction project not only make negative impacts on project performance such as schedule delay or cost overrun but also require social cost to resolve the conflicts. Although the conflict needs a preemptive management because a conflict usually begins with a complaint, existing studies have focused on conflict resolution after it occurs. This study identifies and categorizes complaints which mainly appear in the construction projects. Those complaints were evaluated and quantified in terms of occurrence frequency and potential to conflict through a questionnaire survey with industry experts. Using the survey results, this study examines the characteristic of complaints in linear project and clustered project, and analyzes what kind of complaints occur by project type. As the results, this study derives the complaints with high potential to the conflicts that should be managed first during managing a construction project in each project type.

Proper Estimating Method for Environmental Preservation Cost in Road Projects (도로공사 환경보전비의 적정 산출 방안)

  • Park, Ji-Sun;Lee, Sea-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.2
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    • pp.3-10
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    • 2012
  • The current enforcement regulation of "Construction Technology Management Act" prescribes calculation standard of environmental preservation cost in construction site. According to this standard, environmental preservation cost is calculated by using the quantity-per-unit costing method or applied fixed rate on direct cost. However, when calculated by using the quantity-per-unit costing method it is few items to put in the budget according to standard of construction estimate and in the case of using the fixed rate on direct cost it is not considering various characteristics of the construction site. Therefore, it is needed a improvement plan of estimating method and management system for environmental preservation cost. In this study, it surveyed the actual state of the environmental preservation cost according to magnitude of project, site location, anti-pollution facilities and etc. over 38 road projects. The research reported in this paper environmental preservation cost was variously distributed over construction sites. Thus it needs to estimating method and management system to consider characteristics of construction site for environmental preservation cost.

A COST DATA-BASED ESTIMATING MODEL FOR FINISHES IN THE KOREAN PUBLIC OFFICE BUILDING PROJECTS

  • Joon-Oh Seo;Sang H.Park;Choong-Wan Koo;Jong-Hoon Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.685-691
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    • 2009
  • Recently, public office building projects are being recognized by many construction engineers and researchers, as the critical projects in the construction industry. The project budgets have sometimes exceeded due to the lack of core knowledge, experiences, skills and experts concerned in cost planning and estimating in the pre-construction stage. It has been highlighted that planning and estimating effectively the cost of public office building projects as critical in the design stage. Within this context, some cost data books and systems, such as RSMeans cost data systems and Spon's price book, have been systematically developed and used by many construction cost managers and organizations in order to effectively estimate and use their project budgets. As a result of this research, a cost estimating model for finishes has been developed, considering the cost data used in public office building projects.

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Apartment house project cost schedule for integrated management BIM-based BoQ application plan (공동주택 프로젝트 비용일정통합 관리를 위한 BIM 기반 BoQ 구축 및 활용 방안)

  • Zheng, Lianyi;Kim, Woong-Gi;Ham, Nam-Hyuk;Kim, Jae-Jun
    • Journal of KIBIM
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    • v.11 no.2
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    • pp.1-16
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    • 2021
  • Since entering the 21st century, the construction industry has developed faster and faster, and more and more technologies have been applied in the construction industry. BIM technology (Building Information Modeling) was born in this environment. The application of BIM technology can greatly improve the efficiency of cost management and help achieve the goal of cost management. But through BIM to realize project cost management, there is still no good solution. In order to solve this problem, this paper puts forward the concept of WBS structure applied to construction projects by studying the BoQ (Bill of Quantities) list based on BIM, and proposes the numbering method of the structure. The WBS (Work Breakdown Structure) structure proposed in this paper divides more than 5000 cost objects into 133 projects according to the type of work and project schedule. This structure helps to realize the application of BIM in project cost management. Although this article has studied more than 5000 data of three projects, it does not think that it can cover all cost objects in the existing construction industry. The purpose of this article is to propose a solution for cost and Process Control using BIM-based BoQ data.

Database Program for Managing Management Resources: General Contractor's Perspectives

  • Yong-Woo Kim;Sungwon Shin
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1100-1106
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    • 2009
  • General contractors' overhead costs are increasing relative to direct costs. However, it is difficult to apply the traditional activity-based costing directly to the construction site overhead costing because the resource consumption rate per each activity is varied depending on the attributes of activities. The research develops a methodology of hybrid cost allocation system when resources are assigned to cost objects unlike the traditional activity-based costing. The study also develops a database program and demonstrates how it can be applied to the construction projects using a case study.

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Integrating Deep Learning with Web-Based Price Analysis to Support Cost Estimation

  • Musa, Musa Ayuba;Akanbi, Temitope
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.253-260
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    • 2022
  • Existing web-based cost databases have proved invaluable for construction cost estimating. These databases have been utilized to compute approximate cost estimates using assembly rates, unit rates, and etc. These web-based databases can be used independently with traditional cost estimation methods (manual methods) or used to support BIM-based cost estimating platforms. However, these databases are rigid, costly, and require a lot of manual inputs to reflect recent trends in prices or prices relative to a construction project's location. To address this gap, this study integrated deep learning techniques with web-based price analysis to develop a database that incorporates a project's location cost estimating standards and current cost trends in generating a cost estimate. The proposed method was tested in a case study project in Lagos, Nigeria. A cost estimate was successfully generated. Comparison of the experimental results with results using current industry standards showed that the proposed method achieved a 98.16% accuracy. The results showed that the proposed method was successful in generating approximate cost estimates irrespective of project's location.

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A Study on the Cost Estimating Method based on Spatial Unit Focused on Improving Limitation Caused by Lack of Spatial Information of the Cost Based on Work Type (공간단위 공사비 산정방법에 관한 연구 - 공종별 공사비의 공간정보 부재로 인한 한계점 개선을 중심으로 -)

  • Lee, Ki-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.3
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    • pp.131-139
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    • 2011
  • In this Study, the Cost of Public Facility Construction in the VE Cost Model, and the Progress of the Construction Site Management, and Cost due to the Lack of Cpatial Information in Dispute Cost Work Type Recognize the limits of Historical Information, and to Overcome the Perception of Cost and Space Systems Unit In the Process of Transition that Began Seeking Ways to Improve Through this Study, Different Parts of the Proposed Area of Construction Work Unit System, the Core of Calculating Hourly and Detailed Engineering Information and Cost Information Generated Extension to Configure the Construction Unit in Every Space, Every Work Unit System, All Materials That Make Up Work Unit System, Unit Labor Costs, And All of the Configuration Items Enables Precise And Multidimensional Understanding is That.

The Cost Monitoring of Construction Projects through Earned Value Analysis

  • Waris, Muhammad;Khamidi, Mohd Faris;Idrus, Arazi
    • Journal of Construction Engineering and Project Management
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    • v.2 no.4
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    • pp.42-45
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    • 2012
  • In construction industry, the term 'procurement' is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators such as cost monitoring is an ongoing process and its importance cannot be undermined during the project life cycle. It can be monitored by using traditional approach of direct reporting of actual cost against budget. However, the comparison of budget versus actual spending does not indicate the worth of the work which is completed at any given time. This approach does not represent the true cost performance of the project. Because of these limitations, this paper discusses the applications of Earned Value Analysis (EVA) for cost monitoring of construction projects in Malaysia. Besides traditional approach, EVA is a three-dimensional approach that compares three cost indicators i.e. the budgeted value of work scheduled with the earned value of physical work completed and the actual cost of work completed. Therefore, cost monitoring by EVA is an objective measure of actual work performed. This paper uses a case study, an example application of EVA as a cost monitoring tool. This case study reaffirms the benefits of using EVA for project cash flow analysis and forecasting.

Analysis of Cost-Increasing Factors in High-rise Building Construction Projects Using Delphi Method (델파이 기법을 이용한 초고층 건축시공의 공사비 상승요인 분석방법에 관한 연구)

  • Lee, Byeong-Hun;Jin, Hyun-Soo;Kim, Kyong-Hoon;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2010.05a
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    • pp.105-109
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    • 2010
  • Nowadays, the construction of high-rise building is rapidly increasing. There are many cost-increasing factors to the management in the high-rise building construction. For large and complex projects like the high-rise building construction, the more systematic methods and tools are needed for cost control. It is important to identify major cost control items and to manage them for effective cost management in the high-rise building construction. This study proposes a method of identifying major cost-increasing factors in the high-rise building construction based on the Delphi method.

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