• Title/Summary/Keyword: Construction business

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A Study on the Calculation of Construction Project Cost of Healthcare Facility Business Plan (의료시설 사업계획서의 건축사업비 산정에 관한 연구)

  • Choi, Kwangseok
    • Journal of The Korea Institute of Healthcare Architecture
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    • v.27 no.2
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    • pp.7-14
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    • 2021
  • Purpose: The purpose of this study is to provide an effective construction project cost estimation tool for preparing a business plan of healthcare facilities which can be practically used for development projects. Methods: In order to provide a tool for calculating construction project costs, this study analyzed the Building and Related Laws, the Building Technology Promotion Laws, the Ministry of Land, Infrastructure and Transport notifications and directives, the Ministry of Trade, Industry and Energy notifications, the detailed guidelines of the Ministry of Strategy and Finance, the Building Service Industry Promotion Acts, various certification standards, actual project budget calculation cases, etc. with advices from related experts. Results: 1) Construction cost is classified into construction costs, architectural design costs, supervision costs, incidental costs, and each sub-element. In particular, since there are many incidental cost items, essential items to be reviewed during planning are derived and costs are calculated according to appropriate consideration criteria. 2) Criteria for Payment calculation mainly applies the construction cost rate method or the actual cost fixed amount method in consideration of the characteristics and scope of work. Implications: There are many calculation factors that need to be applied to the construction project cost. Therefore, it is necessary to organize the calculation process more clearly.

Impact Analysis of Economic Fluctuation of Saudi Arabia on Korean Overseas Construction Business (사우디아라비아의 경제변동이 한국의 해외건설 수주에 미치는 영향분석)

  • Jeon, Jae-Keun;Lee, Suk-Won;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.2
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    • pp.39-48
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    • 2016
  • According to the order receipt report over the past 10 years the overseas construction business total trades were 54.05% and 68.09% done by the Middle East and other industrial facilities respectively. In the Middle East based on data collected in 2014 the country with most overseas construction business is Saudi Arabia with 34.10%, and the industrial facility occupies the larger share with 56%. Overseas construction business is suffering from a reduction in work orders in the Middle East because of the recent oil price reduction. At this point of view, it is necessary to consider economy fluctuation for the diversification of construction type and work orders. This study analyzed, focusing in Saudi Arabia how the economical fluctuations of nations of progress can affect overseas construction business' trade orders. The analysis results demonstrated that most construction types depends on GDP, investment fund. Also industrial facility can be substituted with Architecture and civil engineering. This work is expected to be used as a basis for trade order amount maintenance and construction type diversification.

The Study on Imbalance for Labor Supply and Demand in Electrical Construction Business : Simulating the Supply and Demand Gap of Technical Engineer (전기공사업 노동시장의 인력수급 불균형에 관한 연구: 기술·기능인력의 수급격차에 대한 시뮬레이션)

  • Park, Houng-Hee
    • Korean System Dynamics Review
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    • v.14 no.3
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    • pp.105-134
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    • 2013
  • Electrical construction business has public and professional characters. It may require appropriate interventions of the government because these business activities stand for not only profit-seeking competition, but also supplies of one of the key functions in our society. In other words, public benefit and private benefit are still in existence. The government therefore considers such an aspect of public importance of the business sector and needs to plan to adjust technical and engineering manpower of this market. This study focuses on the imbalance for labor supply and demand of technical engineer in electrical construction business. A system dynamics analysis is applied to understand and simulate the imbalance as a soft approach. It has the merit of causal loop diagram to alleviate the limitation of data lack problem. We find that excess demand is expected from 2010 to 2011, and excess supply is predicted from 2012 to 2021 about the manpower of technical engineer. It shows considerable disagreement between the supply and demand of human resource. So we suggest that it is strong necessity to construct statistics infrastructure for a manpower supply and demand plan.

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IDEFO Models for Construction CALS Implements (건설 CALS 구현을 위한 IDEFO 모델링 연구)

  • 권오룡;염준근
    • The Journal of Society for e-Business Studies
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    • v.2 no.1
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    • pp.39-52
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    • 1997
  • This paper presents the results of analysis for the flexible computer integrated Construction(FCIC) system to adapt CALS on the construction industry. Acquisition and supply processes of the system are represented by IDEFO function models and FCIC information systems are briefly described in this paper. The model presented here used as a reference for the development of CALS system.

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Integrated Building Energy Supply System : An Overview of Technical Trends for Gas Engine Driven Combined Heat and Power System (가스엔진 구동 건물에너지 통합 공급시스템 개발을 위한 기술동향 사례연구)

  • Park, Beungyong;Jeong, Yongdae;Shin, Hyunchul;Cho, Jinkyun
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.29 no.11
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    • pp.612-620
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    • 2017
  • Power consumption in Southeast Asia is steadily increasing due to industrialization and the effects of hot and humid climates. However, there are not enough energy generation facilities and infrastructures to meet the growing demand because it is difficult to secure the construction and operation costs of the transmission and distribution systems. This study aims to develop a gas engine driven heat pump system that supplies heating, cooling and electric power to buildings. This system, besides its normal function to produce heat, has the capacity to generate electricity on a household level. This paper investigates similar cases overseas before developing the system. Through the investigation of commercialized similar systems, the level of technology and market trend of development system were identified. Features and specifications of commercial and industrial systems will be used for system development.

The Lead-Lag Relationship between BSI and Industrial Production Index in Construction Industry (건설업 BSI와 산업생산지수 간의 선후행성)

  • Yoo, Han-Soo
    • Land and Housing Review
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    • v.11 no.3
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    • pp.33-37
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    • 2020
  • The aim of this paper is to scrutinize the relation between Business Survey Index and Industrial Production Index in construction industry, stated in another way, the relation between CEO's expectations of future business status and real business activity in construction industry. Previous papers on this research area have been examined the relation between released BSI and released IPI. However, this paper focuses 'the relation between released BSI and the long-run component of IPI' and 'the relation between released BSI and the short-run component of IPI'. The first step is to decompose released IPI by unobserved component model. The long-run component of IPI is set up as a random walk process. And short-run component is set up as a stationary AR(1) process. The findings are as follows. First, released BSI Granger causes unidirectionally released IPI. Second, there exists one-way Granger causality from released BSI to long-run component of IPI. Third, Granger causality does not exist between released BSI and 'short-run component of IPI'. BSI increases IPI in the second or third month. These findings of this paper mean that CEO's expectations may influence industrial production in construction industry.

Construction Process Modelling Method Improving the Traceability of ICT Applications (ICT 적용 추적성 개선을 위한 시공관리 프로세스 모델링)

  • Go, Taeyong;Lim, Taekyung;Lee, Dong-Eun
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.1
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    • pp.114-123
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    • 2019
  • Tracking ICT applications on construction business processes is critical to the success of ICT-applied construction projects. Existing IDEF0 is a representative modeling method for visualizing and analyzing business processes. It defines a construction production process into a visual information model, hence, encouraging the project participant to understand the activities, their deliverable, and control flow of the process. However, IDEF0 dose not lend itself to ICT-applied construction processes, because it does not provide a mean to define how, in what order, by which each and every activity that ICT applied implements. This paper presents a new business modeling method that improves the traceability of ICT application (IAMB: ICT Application tracking Model for Business process) for construction management. The IAMB contributes to handle the sophisticated features of construction management processes to which ICT are applied. The method categorizes the process into three types: management, construction, and information exchange. The validity of IAMB was confirmed by analyzing the performance when it is used for tracking each modeling step of lift reservation process which making use of ICT. The test case provides an admissible evidence that the method encourage to define who, what, how, which order, and by which ICT tools the construction process exchanges production information.

Analysis of the Domestic Construction Industry Classification System through an Overseas Construction Industry Case Study (해외 건설산업의 사례에 의한 국내 건설 업종 분류체계의 비교 분석)

  • Kim, Jeong-wook;Kim, Gyu-yong;Choi, Min-soo;Nam, Jeong-soo;Lee, Sang-soo
    • Journal of the Korea Institute of Building Construction
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    • v.22 no.5
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    • pp.463-471
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    • 2022
  • The construction industry has a structure in which information asymmetry problems are complexly scattered compared to other industries. Since the construction industry classification system serves as a guideline for entering the construction market and can provide as a standard for construction consumers to select a supplier who can provide appropriate services, when judging the operation purpose or purpose of the construction industry registration system, it is very important to set up the system by rationally reviewing it. The purpose of this study is to examine the possibility of improvement in consideration of the risk factors related to the domestic construction industry registration industry classification system. To this end, we will conduct a case study on the construction industry classification system operated by overseas construction industry licenses or registration systems in Japan, the United States, and Australia, and compare it with the domestic industry classification system to derive implications and directions for improvement.

Creating Knowledge from Construction Documents Using Text Mining

  • Shin, Yoonjung;Chi, Seokho
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.37-38
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    • 2015
  • A number of documents containing important and useful knowledge have been generated over time in the construction industry. Such text-based knowledge plays an important role in the construction industry for decision-making and business strategy development by being used as best practice for upcoming projects, delivering lessons learned for better risk management and project control. Thus, practical and usable knowledge creation from construction documents is necessary to improve business efficiency. This study proposes a knowledge creating system from construction documents using text mining and the design comprises three main steps - text mining preprocessing, weight calculation of each term, and visualization. A system prototype was developed as a pilot study of the system design. This study is significant because it validates a knowledge creating system design based on text mining and visualization functionality through the developed system prototype. Automated visualization was found to significantly reduce unnecessary time consumption and energy for processing existing data and reading a range of documents to get to their core, and helped the system to provide an insight into the construction industry.

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A Study on the Evaluation of Efficiency in the Korean Small and Medium sized Construction Firms (국내 중소건설업체의 효율성 평가에 관한 연구)

  • Kim, Hyuk;Yoo, Han-Joo;Song, Gwang-Suk
    • Journal of Korean Society for Quality Management
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    • v.38 no.3
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    • pp.463-474
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    • 2010
  • In this study, we evaluate the efficiency of Construction Industry using Data Envelopment Analysis(DEA). Since the Construction Industry has been traditionally operated through competition, it is important to measure the efficiency. In this paper, we empirically analyze the Efficiency of the 50 Korean Construction Industry. In detail, we used the scale of efficiency in order that efficiency cannot be affected by the total technical efficiency of each company and the scale of DMU by applying CCR or BBC model. Also, we analyzed the changes of measurement DEA model score. we adopted the basic DEA, RTS Region and MPSS(Most Productive Scale Size) method which are combined with efficiency measurement model in order to analyze the operational status. Furthermore, by complementing the shortfalls of the scale efficiency value of the DEA Model, RTS Region Model can be recommended to be appropriate in the evaluation of ideal input/output Quantity. In particular, input variables are total assets, construction capacity, the technical staff and output variables are sales volume, operating income. The result of RTS Region and MPSS shows that 9 DMUs of the efficiency frontier in the Construction Industry are analyzed to be relatively efficient DMUs, and 41 DMUs are analyzed to be inefficient DMUs, and finally inefficient DMUs are separated with Region 1 and Region 6.