• Title/Summary/Keyword: Estimated Construction Cost

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An Estimation Model of Historical Cost Using BIM Library for Road Project (도로분야 BIM 라이브러리를 활용한 실적공사비 산정모델 구축)

  • Moon, HyounSeok;Ju, KiBeom
    • Korean Journal of Computational Design and Engineering
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    • v.20 no.4
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    • pp.431-442
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    • 2015
  • Currently, a BIM-based quantity takeoff (QTO) system is mainly focused on architectural projects. To perform this, diverse quantity takeoff methods such as an object-based automatic quantity takeoff, manual quantity and base functions of calculation have widely been utilizing. However, since BIM library for road projects includes structural elements associated with alignment, it is necessary to establish cost estimation system interlocked with historical cost using 3D library by each unit length. Accordingly, the aim of this study is to develop cost estimation model with using a historical cost approach so that it can be utilized in construction planning based on the BIM library for road projects. For this, based on the BIM library for road, the standardized quantity is estimated, and a process for calculating historical cost and a verification model with a 5D simulation was developed by mapping a WBS code with each BIM library object. This can be applied during the approximate cost estimation process in a project planning and an initial design phase for road projects. Besides, it is expected that these results will be utilized in constructing an optimal historical cost estimation process for project libraries.

Identification of Primary Activity and Management Plan for Construction Standard Unit Price (건설공사 표준시장단가 핵심공종 도출 및 중점관리방안)

  • Jin, Zheng-Xun;Baek, Seung-Ho
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.10
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    • pp.589-601
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    • 2020
  • The Construction Standard Unit Price (CSUP) sets the standard for calculating the estimated construction cost. The CSUP is used as basic data for preparing a standard price for public construction. Currently, the CSUP is calculated in consideration of the market and construction field conditions. However, a long-term management plan was established to prepare revised standards. As part of the plan, a field survey was conducted on changes in construction conditions and market prices. However, the plan continued for more than 5 years. Thus, the plan has a problem of difficulty continuously managing primary activities that have high importance and high price volatility. Therefore, to efficiently manage the CSUP, this study identifies the primary activities of the CSUP and presents a management plan. Through importance analysis and unit price volatility analysis, 242 primary activities in 35 activity groups were identified. Also, a management plan is presented based on the importance levels of activities. The primary activities and management plan could enable the timely revision of important activities. The results of this study provide a base for reflecting the appropriateness of construction cost criteria on time.

A Study on Railway Transportation Business Cost Estimation & Decision Supporting Methods using Simulation Data (시뮬레이션을 활용한 철도교통사업 비용 추산 및 의사결정 지원 방법 연구)

  • Chang, Suk;Nam, Do Woo;Sim, Jeong Hwan;Kim, Dong Hee
    • Journal of the Korea Society for Simulation
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    • v.29 no.4
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    • pp.85-94
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    • 2020
  • In determining the feasibility of planning and launching railway transportation projects, various decision-making processes are essentially required. LCC(Life Cycle Cost) value including total construction cost and operation cost is estimated in approximation Model with rough guideline. In this study, modeling and simulation-based analysis method is proposed to support the decision making process of railroad transportation and derivation of LCC. Firstly, cost analysis model was constructed by collecting various existing rail transportation business data to enable analyze based on numerical data, and the result were analyzed by DOE(Design Of Experiments) and RSM (Response Surface Method) simulation. Professional commercial software tools were used for effective model construction and simulation. In order to verify the research results, the actual railroad transportation projects were selected, and the results of the analysis were compared.

Probabilistic Approach on Railway Infrastructure Stability and Settlement Analysis

  • Lee, Sangho
    • International Journal of Railway
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    • v.6 no.2
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    • pp.45-52
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    • 2013
  • Railway construction needs vast soil investigation for its infrastructure foundation designs along the planned railway path to identify the design parameters for stability and serviceability checks. The soil investigation data are usually classified and grouped to decide design input parameters per each construction section and budget estimates. Deterministic design method which most civil engineer and practitioner are familiar with has a clear limitation in construction/maintenance budget control, and occasionally produced overdesigned or unsafe design problems. Instead of using a batch type analysis with predetermined input parameters, data population collected from site soil investigation and design load condition can be statistically estimated for the mean and variance to present the feature of data distribution and optimized with a best fitting probability function. Probabilistic approach using entire feature of design input data enables to predict the worst, best and most probable cases based on identified ranges of soil and load data, which will help railway designer select construction method to save the time and cost. This paper introduces two Monte Carlo simulations actually applied on estimation of retaining wall external stability and long term settlement of organic soil in soil investigation area for a recent high speed railway project.

The Development of Economical Index for Site Recycling of Waste Concrete - A Case study at Hosing Development District - (폐콘크리트의 현장재활용을 위한 경제성 지표개밭 -택지개발사업지구를 중심으로-)

  • Jung, Jong-Suk;Lee, Jae-Sung;Jo, Whi-Chol;Jun, Myoung-Hoon;Lee, Do-Heun;Bang, Jong-Dae
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.146-154
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    • 2007
  • Recently, the construction wastes increase rapidly due to the revitalization of reconstruction and redevelopment, the development of new urbanization of large housing development, the expansion of social infrastructure, and so on. To solve rapid increase of construction waste, the government established "the rule on the promotion of recycling of construction waste" in December, 2003. According to the rule, construction wastes can be recycled by either processing on commission or discharger of construction waste. This study proved the validation of site recycling for construction waste as economic efficiency is analyzed through the case study of site recycling at large housing development district. Using the sensitivity analysis, factors affecting the cost of site recycling was analyzed and the break-even point for the cost of site recycling was estimated according to the factors.

A Study on the Economic Feasibility Analysis of Public Library Construction - Focused on the Case of Geumsaem Library Construction - (공공도서관 건립의 경제적 타당성 분석에 관한 연구 - 금샘도서관 건립 사례를 중심으로 -)

  • Kang, Hee-Kyung;Lee, Yong-Jae
    • Journal of Korean Library and Information Science Society
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    • v.48 no.2
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    • pp.99-119
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    • 2017
  • As a part of feasibility study of constructing Geumsaem library, the purpose of this study is to examine the result of economic feasibility analysis on constructing the library. In order to achieve the purpose, we evaluated policy relevance, investigated people's demand for constructing the library, and examined the result of economic feasibility analysis. As the tools of economical efficiency analysis, we used the techniques like cost-benefit ratio, net present value and internal rate of return to analyse the economic feasibility, and we estimated the amount of benefit by contingent valuation method. As the result of this study, cost-benefit ratio for constructing Geumsaem library was turned out as 1.28, and we could get an assessment of positive economic feasibility about constructing the library.

A Scheme for the Balcony Rebuilding in Apartment Building (공동주택 발코니 개조 방안)

  • Lee Hui-Bok;Kim Eun-Tae;Park Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.468-471
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    • 2004
  • Due to the supply of standard plans disregarding the occupant's of apartment houses preference, the renovation of balcony has frequently been increasingly performed. As a result, the renovation has caused a loss of national economy and many problems. Existing research studies related to the balcony renovation discussed the implement plans on rate and types o( renovation. However the loss cost by balcony renovation has never been researched. This study, therefore, estimated renovation cost by surveys and analyzed the causes of renovation with regard to the selling methods of companies, awareness of occupants and re131e0 regulations.'rhis study proposes a guideline for the rebuilding the balconies of apartment houses to minimize a loss of national economy.

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Study on the Operational Cost and Characteristics of a Hybrid Cooling Plant with a Ground Source Heat Pump (지열 열펌프가 적용된 복합냉방설비의 연계운전 특성 및 운전비용 분석)

  • Jeon, Jong-Ug;Jung, Hae-Won;Lee, Tae-Won;Kim, Yong-Ki;Hong, Dae-Hie;Kim, Yong-Chan
    • Proceedings of the SAREK Conference
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    • 2008.06a
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    • pp.42-47
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    • 2008
  • This paper reports the system performance of a hybrid plant, which combines a renewable energy plant of GSHP(Ground Source Heat Pump) with a conventional plant (screw water chiller). To find out operational cost and operating characteristics, the performance of the hybrid system was measured in a building located in Jeju island. Based on the measured data, the operating characteristics were analyzed and the operational cost was estimated by using payment table, which was provided by the Korea Electric Power Cooperation. Operating methods to save energy were recommended.

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A Study on Improvement Methods of Cost Estimation in Order for the Proper Management of Street Trees (도시 가로수 관리 품셈 개선에 관한 연구)

  • Do, Yoon-Taek;Han, Bong-Ho;Park, Seok-Cheol
    • Journal of the Korean Institute of Landscape Architecture
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    • v.50 no.4
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    • pp.20-36
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    • 2022
  • This study aims to provide basic data for high-quality street tree management by setting reasonable management items and appropriate unit prices by reviewing the adequacy of current street tree management. Currently, street tree management items, except for street tree pruning, use general landscape tree quantity per unit for the street tree management quantity per unit. KEPCO (Korea Electric Power Corporation) applied pruning items from standard electric production infrastructure and carried out the activities at an average unit price of 51% lower for heavy pruning and 39% lower for light pruning than the standard estimate. This was judged to be a level that could not maintain or increase the quality of street tree management. It was determined that an appropriate standard unit price for street tree management was necessary. To improve the quantity per unit for the proper management of street trees, it was necessary to review costs in the field. However, due to the absence of data on actual construction costs in the domestic landscape field, detailed items of the US RSMeans Building Construction Cost Data (RSMeans) were reviewed, and the actual construction costs were calculated by applying personal domestic expenses. As a result, the standard of the estimated unit showed a good ratio of 107% for heavy pruning of street tree pruning compared to the actual construction cost, but light pruning was underestimated with a 59% ratio. Shrub pruning was 82%, weeding was 92%, tree fertilization was 87%, and windbreak wall installation was 91% under-engineered. In addition, it was also confirmed that the watering by sprinkler trucks and chemical spraying were over-designed compared to the actual construction cost at the rates of 118% and 124%, respectively. Due to the specificity of the street trees, the increase in personal expenses and the input cost of equipment, such as road safety controls, were judged to be the main cause of the underestimation of items. Therefore, it is necessary to add items related to street trees and general landscape trees to the landscape maintenance items of the standard of the estimated unit.

A Study on the Improving the Accuracy of Cost Estimating through Analyzing Influence Factors in Apartment (공동주택 공사비 영향요인 분석을 통한 개산견적의 정확성 향상방안 연구)

  • Yun, Ji-Yeong;Jeong, Kyeong-Tae;Lee, Dong-Hoon
    • Journal of the Korea Institute of Building Construction
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    • v.20 no.2
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    • pp.183-190
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    • 2020
  • Currently, the multi-unit houses are the largest in the ratio of housing types, and the number of households in multi-unit houses is steadily increasing. As the multi-family housing project continues, the accuracy of estimates for decision-making and feasibility assessment are required in the early stages of the project. Therefore, this study selected the influential factors affecting the estimated estimate and showed the relative importance of each factor through weight analysis and suggested the method of calculating the estimated estimate to improve the accuracy. The calculation plan presented through this study will be used as a useful data for project feasibility review and is expected to make a great contribution in preventing the economic loss of the client.