• Title/Summary/Keyword: Construction cost index

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Improvement on the Managerial Method of Price Fluctuation System (물가변동제도 운영방식 개선방안)

  • Lee, Jae-Seob;Shin, Young-Chul
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.2
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    • pp.3-11
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    • 2011
  • There are several causes to recalculate the contract amount in public construction projects. Among them, the escalation clause was introduced in 1969 and now the condition to recalculate the cost is effective after 90 days from the date of contract and the rate of fluctuation should be more than 3% from the date of bidding. The two calculation methods for the rate of fluctuation are item-adjustment and index-adjustment. According to the results of investigation into 4 public institutions and 163 projects, all of them have used the method of index-adjustment and the rate of projects that spend over 6 months obtaining the approval of contract amount adjustment is more than 90%. The reason for spending lots of time is caused by problems of the calculation method on the price fluctuation rate. Therefore, it is necessary that the calculation method should be diversified to cope with the problems and a option of the builder should be expanded as well. Furthermore, if the way to apply correction factors to construction price index and average index based on the producer and consumer price index made by the bank of Korea is added, then the duration will be reduced without additional expenses. This study proposed the diversification of the calculation method using price fluctuation rate and builders' expanded options as improvement on the managerial method of Price Fluctuation System for the prompt and efficient contract amount adjustment.

Development of Optimum Management System for Irrigation Facilities (수리시설물 최적관리 시스템 개발)

  • 김선주;윤춘경;박성열;이광야
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.39 no.2
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    • pp.86-94
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    • 1997
  • For the efficient operation and maintenance( 0 & M), irrigation facilities were graded on the basis of their indices related to the 0 & M condition and the characteristics of reservoirs managed by Farmland Improvement Association(FIA) were examined. The results obtained are summarized as follows : 1. Characteristics of reservoirs include effective storage capacity, irrigation area, basin area, height and length of bank. Each characteristic is scored by the principle component analysis method. Variables which compose one index are categorized on the basis of their unit and each variable is scored so that the score of each unit sums to 100 for each index. 2. The Optimum MAnagement System of Irrigation Facilities(OMASIF) for Pyoungtaek area was developed by connecting general data of the irrigation facilities to image data. The database system is divided into three tables; LookUp Table, Facility Table, and Image Table. Image Table is again divided into five sub-tables, Image Table, Construction Cost Table, Acreage Table, 0 & M Cost Table, and Specification Table. 3. The evaluating criteria for the 0 & M of irrigation facilities can be established using the OMASIF. Irrigation facilities evaluated as poor state by the criteria should be repaired.

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A TBM tunnel collapse risk prediction model based on AHP and normal cloud model

  • Wang, Peng;Xue, Yiguo;Su, Maoxin;Qiu, Daohong;Li, Guangkun
    • Geomechanics and Engineering
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    • v.30 no.5
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    • pp.413-422
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    • 2022
  • TBM is widely used in the construction of various underground projects in the current world, and has the unique advantages that cannot be compared with traditional excavation methods. However, due to the high cost of TBM, the damage is even greater when geological disasters such as collapse occur during excavation. At present, there is still a shortage of research on various types of risk prediction of TBM tunnel, and accurate and reliable risk prediction model is an important theoretical basis for timely risk avoidance during construction. In this paper, a prediction model is proposed to evaluate the risk level of tunnel collapse by establishing a reasonable risk index system, using analytic hierarchy process to determine the index weight, and using the normal cloud model theory. At the same time, the traditional analytic hierarchy process is improved and optimized to ensure the objectivity of the weight values of the indicators in the prediction process, and the qualitative indicators are quantified so that they can directly participate in the process of risk prediction calculation. Through the practical engineering application, the feasibility and accuracy of the method are verified, and further optimization can be analyzed and discussed.

A Study on Construction Site of Virtual Desktop Infrastructure (VDI) System Model for Cloud Computing BIM Service

  • Lee, K.H.;Kwon, S.W.;Shin, J.H.;Choi, G.S.;Moon, D.Y.
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.665-666
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    • 2015
  • Recently BIM technology has been expanded for using in construction project. However its spread has been delayed than the initial expectations, due to the high-cost of BIM infrastructure development, the lack of regulations, the lack of process and so forth. In construction site phase, especially the analysis of current research trend about IT technologies, virtualization and BIM service, data exchange such as drawing, 3D model, object data, properties using cloud computing and virtual server system is defined as a most successful solution. The purpose of this study is enable the cloud computing BIM server to provide several main function such as edit a model, 3D model viewer and checker, mark-up, snapshot in high-performance quality by proper design of VDI system. Concurrent client connection performance is a main technical index of VDI. Through test-bed server client, developed VDI system's multi-connect control will be evaluated. The performance-test result of BIM server VDI will effect to development direction of cloud computing BIM service for commercialization.

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Energy Saving Design Method with the Consideration of the Initial Cost for Apartment Houses (저에너지 공동주택 구현을 위한 요소기술 선정 기법에 관한 연구)

  • Son, Won-Tug;Lee, Jong-Il;Yoon, Dae-Won;Lee, Keon-Ho;Song, Doosam
    • Journal of the Korean Solar Energy Society
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    • v.34 no.2
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    • pp.24-31
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    • 2014
  • So many energy saving strategies to realize the low energy house are proposed in these days. Even if the energy saving performances are similar between the strategies, the costs are in abroad ranges. Therefore, the application of the energy saving strategies should be based upon two considerations; one is energy saving performance and the other is the cost. In this study, the decision making method for application of the passive design technologies in the design stage of the low energy apartment house are suggested. By utilizing the result of this study, practitioners can make an effective design alternatives which solve the conflicted values; energy saving and cost.

Comparative Analysis between GDP Deflator Method and Index Adjustment Rate Method on BTL Sewer Rehabilitation Projects in Jeju (제주도 내 하수관거정비 BTL사업의 GDP 디플레이터 방식과 지수조정률 방식과의 비교 분석)

  • Yang, Du-Suck;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.35 no.1
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    • pp.217-227
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    • 2015
  • This study conducted case studies in order to suggest the improvement of GDP (Gross Domestic Product) deflator method which is adopted on calculating fluctuation rate on BTL (Build-Transfer-Lease) sewer rehabilitation projects in Jeju. As a result, because GDP deflator method calculates fluctuation rate by each quarterly, the fluctuation rate of GDP deflator method is higher than it of index adjustment rate method. And GDP deflator method cannot reflect real price because of applying fixed index in whole construction cost for calculating fluctuation rate. Especially, the notification day - the base point influences fluctuation rate and fluctuation amount strongly in GDP deflator method.

Development of the Approximate Cost Estimating Model for PSC Box Girder Bridge based on the Breakdown of Standard Work (대표공종 기반의 PSC Box 교량 상부공사 개략공사비 산정모델에 관한 연구)

  • Kim, Sang-Bum;Cho, Ji-Hoon
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.2
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    • pp.791-800
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    • 2013
  • Needs for developing a better way of cost estimating process for public construction projects have been widely recognized. Those needs are mainly from the early phases of the project through the construction life cycle due to the its importance to the control process. In contrast to the traditional estimating method based on unit-price references, this research utilized this following process. The first step is analyzing the real cost data from actual cost activities (2000~2010) about the statement of P.S.C(Prestressed Concrete) Box Girder Bridge. The collected data was broken into four categories based on technical construction methods such as I.L.M(Incremental Launching Method), M.S.S(Movable Scaffolding System), F.S.M(Full Staging Method), and F.C.M(Free Cantilever Method). The second, actual design documents including the actual cost estimating documents, drawings and specifications were carefully reviewed to cluster the cost itemized statement from four categories. It was also attempted to seek the proper breakdown of standard works that are responsible for more than 95 percentage in each categories in terms of its cost. The third, this research comes up the index for standard unit materials and unit price of standard work and develops the approximate estimating model applying for the specification(length and breadth of bridges) per square area that the user takes as well as suggests the practical application plan within the original time alloted.

On-site Inventory Management Plan for Construction Materials Considering Activity Float Time and Size of a Stock Yard (공정별 여유시간과 야적장 규모를 고려한 건설자재의 현장 재고관리 방안 연구)

  • Kim, Yong Hwan;Yoon, Hyeong Seok;Lee, Jae Hee;Kang, Leen Seok
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.43 no.1
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    • pp.79-89
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    • 2023
  • The inventory of many materials requires a large storage space, and the longer the storage period, the higher the potential maintenance cost. When materials are stored on a construction site, there are also concerns about safety due to the reduction of room for movement and working. On the other hand, construction sites that do not store materials have insufficient inventory, making it difficult to respond to demands such as sudden design changes. Ordering materials is then subject to delays and extra costs. Although securing an appropriate amount of inventory is important, in many cases, material management on a construction site depends on the experience of the site manager, so a reasonable material inventory management plan that reflects the construction conditions of a site is required. This study proposes an economical material management method by reflecting variables such as the status of the preceding and following activities, site size, material delivery cost, timing of an order, and quantity of orders. To this end, we set the appropriate inventory amount while adjusting related activities in the activity network, using float time for each activity, the size of the yard, and the order quantity as the main variables, and applied a genetic algorithm to this process to suggest the optimal order timing and order quantity. The material delivery cost derived from the results is set as a fitness index and the efficiency of inventory management was verified through a case application.

Empirical Assessment of International Entry Strategy for Large Construction Companies (주요 전략지수별로 살펴 본 국내 대형건설업체의 해외건설 진출전략 효과에 대한 실증적 연구)

  • Jung, Woo-Yong;Han, Seung-Heon;Jang, Woo-Sik;Koo, Bon-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.59-69
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    • 2010
  • Although international construction market gradually takes a important position among the export industries, the previous studies about international construction entry strategy have just focussed on trend investigation or suggestion for revitalization. Moreover, in order to prepare the market uncertainty such as world financial crisis and to plan the long term strategy, specific strategy studies based on corporate level are required. Therefore, this study estimates the nine strategic index and four financial index of 31 companies that performed 1920 international projects from 1993 to 2007 and evaluate the performance as three periods by multi-regression analysis. Also, this study analyze dynamic correlation between these index and the performance considering times. this study verifies that market diversification, product diversification, localization and decrease of debt to asset ratio make a good effect on the international order as long term strategy and shows that collaborated entry with domestic corporations, alliance entry with host country's company, alliance entry with third country's company, portion of labor cost and portion of management expense differently make a influence on the performance as times. these results will be helpful for the construction companies to plan the international entry strategy reasonably and specifically.

Development of decision making index for balcony extension in apartment houses (공동주택 입주자의 발코니 확장, 비 확장 선택 지표 도출에 관한 연구)

  • Lee, Hye Lin;Park, Min Ha;Ko, Yong-Ho;Han, SeungWoo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2015.05a
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    • pp.219-220
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    • 2015
  • Along with the legalization of balcony extension, numerous contractors have been suggesting designs for apartment houses based on the residents desire for balcony extension. It has been investigated that most residents prefer the balcony extension due to the increase in space. However, numerous residents have been experiencing problems occurred due to the extension such as air conditioning and heating cost and sound insulation problems. Therefore, this study aims to suggest an objective decision making tool for the residents that aids the residents decision making on balcony extension considering pros and cons of balcony extension.

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