• Title/Summary/Keyword: Estimated Construction Cost

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Basic Research for Introduction Plan of Building Dismantlement (건축물 분별해체 제도 도입을 위한 기초연구)

  • Park, Ji-Sun;Song, Tae-Hyeob
    • Journal of the Korean Recycled Construction Resources Institute
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    • v.7 no.4
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    • pp.113-120
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    • 2012
  • This study was conducted basic research for introduction plan of building dismantlement to reduce construction waste fundamentally and efficiently. The current domestic and overseas legislations relation with dismantlement were compared. In addition, the difference of construction waste treatment and pure demolition cost that were applied to dismantlement and general deconstruction method in building were compared. The total cost that was estimated to apply dismantlement in building was higher about 6% than that of general deconstruction.

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Comparison of Relative Weights of Cost for Road-bed Construction and Energy on Life Cycle Cost of Railroad -in Case of Seoul-pusan High Speed Rail (철도노선의 생애주기비용에서 노반건설비와 에너지비용의 상대적 비중 분석 - 경부고속철도 사례를 중심으로)

  • Suh, Sunduck;Kim, Jeong Hyun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.4
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    • pp.1261-1267
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    • 2014
  • It is generally recognize that the weight of energy cost for railroad alignment in the life cycle cost is higher than that for roadway. This study analyzed the relative weights of railroad road-bed construction cost and energy cost in the case of Seoul-Pusan High Speed Rail. Recently, the optimization of railroad alignment with computerized methodology has been studies. The optimization is supposed to aim the minimization of life cycle cost including the energy cost as well as the minimization of the construction cost. The operation period of the Seoul-Pusan High Speed Rail is limited to ten years, then various future operation scenario were developed for the next 20 years. The weight of energy cost is estimated 10~30% of the construction cost by scenario, and it is lower than the figure generally expected. It may be meaningful to provide the method to include the energy cost in the railroad alignment optimization.

Customers' Needs Analysis for Investment Decision Making in Residential Facility for Retired Seniors (유료노인주거시설에 대한 투자 의사결정을 위한 수요자 요구 분석)

  • Chin, Mee-Youn;Choi, Jong-Soo
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.2
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    • pp.53-61
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    • 2008
  • It is expected that the market of residential facility for retired seniors will be a new investment field for construction firms. This study describes the questionnaire survey analysis results of potential customers' demand for the facility. For comparison purpose, direct construction cost was estimated by estimation experts. In addition, a case analysis was conducted to compare direct cost and indirect project cost with the experts' estimation. According to the questionnaire survey analysis, it is observed that there were significant differences in demand between groups which are classified by the regions, living expenditures, the level of property ownership and the scales of residence. From an investor's perspective, investment decision on residential facility for retired seniors should be made considering bothe the level of returns which can be generated from the investment and the customers' needs.

Estimation Model for Approximate Construction Quantities of Suspension Bridge in Early Stage (사업기획단계에서의 현수교의 물량추정을 위한 모델연구)

  • Park, Weon-Tae;Chun, Kyoung-Sik
    • Journal of the Korean Society for Advanced Composite Structures
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    • v.6 no.4
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    • pp.24-29
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    • 2015
  • Bridge construction cost estimates have generally been conducted by using historial unit-price(per meter or square meter). The traditional estimating method based on unit-price references can never completely reflect the specialty of cable supported bridge. In this paper, we have developed the system for supporting the approximate construction cost and the quantity estimation based on 3D model information in the pre-project planning phase of 3-span continuous suspension bridge with 2-pylons. First of all, we'd analyzed the design information (such as structural design report, blueprint and quantity) and the real cost data from the existing suspension bridges and derived the design variables of the bridges. We developed the BIM wizard that generates a suspension bridge model parametrically based on derived design variables. The principle material quantities of suspension bridge are calculated directly from 3-dimensional bridge model built by using the BIM wizard. We have established the system that the construction cost can be estimated more specific than the traditional estimating method.

Application of Big Data and Machine-learning (ML) Technology to Mitigate Contractor's Design Risks for Engineering, Procurement, and Construction (EPC) Projects

  • Choi, Seong-Jun;Choi, So-Won;Park, Min-Ji;Lee, Eul-Bum
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.823-830
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    • 2022
  • The risk of project execution increases due to the enlargement and complexity of Engineering, Procurement, and Construction (EPC) plant projects. In the fourth industrial revolution era, there is an increasing need to utilize a large amount of data generated during project execution. The design is a key element for the success of the EPC plant project. Although the design cost is about 5% of the total EPC project cost, it is a critical process that affects the entire subsequent process, such as construction, installation, and operation & maintenance (O&M). This study aims to develop a system using machine-learning (ML) techniques to predict risks and support decision-making based on big data generated in an EPC project's design and construction stages. As a result, three main modules were developed: (M1) the design cost estimation module, (M2) the design error check module, and (M3) the change order forecasting module. M1 estimated design cost based on project data such as contract amount, construction period, total design cost, and man-hour (M/H). M2 and M3 are applications for predicting the severity of schedule delay and cost over-run due to design errors and change orders through unstructured text data extracted from engineering documents. A validation test was performed through a case study to verify the model applied to each module. It is expected to improve the risk response capability of EPC contractors in the design and construction stage through this study.

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Corrosion-Fatigue Reliability-Based Life Cycle Cost Analysis of High-Speed Railway Steel Bridges (고속철도 강교량의 부식.피로신뢰성 기반 생애주기비용 분석)

  • Jeon, Hong-Min;Sun, Jong-Wan;Cho, Hyo-Nam
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1132-1140
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    • 2007
  • As it recently appears that Life Cycle Cost Analysis may be considered as new methodology for economic valuation of infrastructure many researches have been made to assess LCC(Life Cycle Cost) of each facility based on a reasonable methods. In general, LCC is composed of construction cost and expected maintenance repair cost. And especially, maintenance repair cost must be estimated to enhance the reliability through systematic and reasonable methods. However in Korea, because high speed railway steel bridges are recently constructed no direct statistical data are available for the account of the maintenance cost and then their maintenance characteristics are not linear yet. Therefore, the approach proposed in the paper utilizes a theoretical determination and degradation of the corrosion and fatigue of the bridges based on Rahgozar et al.(2006)'s model on fatigue notch factor considering into the corrosion to incorporate the corrosion effect into the fatigue strength reduction model. And then, the corresponding probability of failure is calculated in terms of the reliability index using S-N curve to formulate the fatigue limit state. Therefore, this paper proposes the minimum Life Cycle Cost through optimum maintenance plan analysis of high-speed railway steel bridges under construction. Finally, this paper reviews the proposed model in oder to confirm the applicability and feasibility by appling it to high speed railway steel bridges under construction

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Estimate the Period and Cost of Projects by Estimating the Conflict Index - Concentrated on the Apartment Reconstruction Project - (갈등지수 산정에 의한 사업기간 및 비용 예측 - 공동주택 재건축사업을 중심으로 -)

  • Lee, Ro-Na;Lee, Hak-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.1
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    • pp.87-94
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    • 2012
  • The apartment reconstruction projects have the proper functions such as residential environment improvement and the new housing allocation system; however, intention of the projects are distorted by the combination of factors, like failure of relocation of the original occupants and income redistribution, speculation in real estate, sharp rise in housing price, disputation between various interested parties, inadequate system and etc and it makes the projects unable to go well. Disputations and litigations are due to spread of the small conflict. As a result of the problems, it could not going smoothly and that lead to increase or stop the period and cost. This study is to estimate the period and cost using the conflict index so as to prevent and solve the problem which is among the conflict in the reverse functions. The conflict index has estimated focus on the conflict impact and the period and cost has been estimated using an variable independent including the conflict index. Also, estimated the conflict index and estimate of the period and cost are able to succeed with a minimum of disputation and money.

Analysis of Excavation Speed and Direct Construction Cost Based on the Operating Productivities of TBM Method Site (TBM 굴착 공법 적용 현장의 생산성 분석을 통한 암질별 굴진속도 및 직접공사비 분석)

  • Song, Young Sun;Park, Hong Tae
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.6D
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    • pp.637-643
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    • 2012
  • This research collected work drilling report of TBM method site developed by WRITH company to TBM equipment company in Germany and analyzed work operating productivity. Based Oil the data analyzed TBM operating productivity, This research derived and presented excavation speed (m/day) by TBM diameter (3.0m, 3.5m, 3.8m) and rock. Also, based on the excavation speed (m/day) by TBM diameter, This research estimated a day direct construction cost and total direct construction costs by applying a direct construction cost which spent on per 1m. When we perform a similar geological construction in the future, excavation speed and direct construction cost which were derived by TBM diameter and rock is thinking the effective utilization data to estimate construction cost and plan schedule management before the start of construction.

Analysis of Standard Cost and the Construction Period Applied TBM Excavation Method (TBM 굴착 공법 적용 구경별 표준 공사비 및 공사기간 분석 연구)

  • Park, Hong Tae
    • Journal of the Society of Disaster Information
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    • v.8 no.4
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    • pp.319-327
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    • 2012
  • This research collected work drilling report of TBM method site developed by WRITH company to TBM equipment company in Germany and analyzed work operating productivity. Based the data analyzed TBM operating productivity, This research derived and presented excavation speed(m/day) by TBM diameter (2.6m, 3.0m, 3.5m, 5.0m, 8.0m) and rock. Also, based on the excavation speed(m/day) by TBM diameter, This research estimated a day direct construction cost and total direct construction costs by applying a direct construction cost which spent on per 1m. Based on hard rock 40.0%, soft rock 30.0%, usually rock 20%, weathered rock 10.0%, TBM boring velocity, m per cost, total construction period shall estimate the construction cost and the construction period by the effective use by diameter when future applying TBM method to the basic planning stages and in the preliminary design phase.

Development of Electrical Construction Cost Index for Historical Construction Costs Estimation System (실적공사비 적산제도 활용을 위한 전기공사비지수 개발)

  • Sohn, H.K.;Lee, H.K.;Park, M.Y.;Park, I.P.;Kwon, Y.M.;Seo, S.S.;Kim, K.G.;Kim, J.H.
    • Proceedings of the KIEE Conference
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    • 2005.07e
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    • pp.37-39
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    • 2005
  • When we have been estimated construction costs, till now, we are used to costs accumulating method of each items based on standard labors rates. But there are some problems of its methods. Our governments are applied to a historical construction costs estimation system for building construction and civil engineering works from January 2004. The electrical construction works are forecasted that applied to historical construction cost estimation systems. This paper is showed to development of electrical construction cost index for estimation of historical costs and contract prices.

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