• Land and Housing Review
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• v.11 no.4
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• pp.115-124
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• 2020

Incentive/Disincentive (I/D) contract is designed for minimizing any disruption of traffic flow in road construction projects. I/D contracting projects have been evaluated with regard to time and cost performance in various states, more than 35 states. However, construction project managers and planners have little understanding of the project factors that affect the project time and cost performance of highway construction projects using I/D regulations. Therefore, the purpose of this research is to find factors that affect I/D project success or failure to improve the decision-making process for the implementation of I/D projects. In order to achieve the objectives of this research, the researchers collected I/D road construction project data from FDOT and performed evaluation for each collected project. Then, project data analysis to identify key factors that affect I/D project performance was performed. In conclusion, five significant factors for project time performance and six significant factors for project cost perfornace were identified and summarized.

• Journal of the Korean Institute of Rural Architecture
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• v.24 no.2
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• pp.29-36
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• 2022

This study analyzed the effects of building and greenhouse structural code on the structural design and the greenhouse construction cost. The over-design possibility of greenhouse was analyzed when building structural code was applied using standard smart greenhouse drawings. The possibility of decrease in greenhouse construction cost was investigated if the currently applied building structural code was replaced with greenhouse structural code. As a result of comparing the member sizes with the standard drawings, building structural code was designed with 13%~74% more steel than greenhouse structural code. When building construction estimate was replaced with greenhouse construction estimate, it was possible to reduce the total construction cost of the glass greenhouse by 17% and that of the vinyl greenhouse by 14%. Since there is no standard construction estimate suitable for greenhouses, the wage unit price is set excessively, and the construction cost of the smart greenhouse is increasing. In conclusion, it is necessary to establish greenhouse structural code and greenhouse construction estimate to lower the greenhouse construction cost.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.05b
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• pp.155-158
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• 2009

During the construction project period, a lot of change orders happen in the design and construction stage Especially, The change order during construction stage causes the huge construction cost increase and duration delay. Accordingly, research on the change order of the construction stage is being progressed relatively active in the design stage, but the design changes are rarely made. In the design stage, the owner has to pay a design addition cost when change order due to the demands of owner happens. However Korea has not the specific standard about design additional cost in design stage. Therefore, this study analyzes problems of design additional cost estimation methods through the case study, and then indicates the method that the ratio distributes to details dividing design tasks and the method of the PM(Project Management). Eventually, this study expects to minimize claim related the design additional cost in design stage.

• Journal of the Korea Institute of Building Construction
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• v.8 no.6
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• pp.91-98
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• 2008

It is time-consuming and difficulty to solve the time-cost trade-off problems, as there are trade-offs between time and cost to complete the activities in construction projects and this problems do not have unique solutions. Typically, heuristic methods, mathematical models and GA models has been used to solve this problems. As heuristic methods and mathematical models are have weakness in solving the time-cost trade-off problems, GA based model has been studied widely in recent. This paper suggests the time-cost trade-off optimization algorithm using particle swarm optimization. The traditional particle swarm optimization model is modified to generate optimal tradeoffs among construction time and cost efficiently. An application example is analyzed to illustrate the use of the suggested algorithm and demonstrate its capabilities in generating optimal tradeoffs among construction time and cost. Future applications of the model are suggested in the conclusion.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.29 no.12
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• pp.663-672
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• 2017

Building information modeling (BIM) technology based on 3D modeling has been applied to the entire domestic construction industry since 2010. It can calculate quantity take-off considering construction productivity at design phase. Based on this, it is possible to improve the reliability of construction cost prediction of design phase in the process of cost estimation. However, Building Information Level (BIL) defined by Ministry of Land, Infrastructure and Transport and Public Procurement Service does not seem to offer doable environment due to the lack of detailed application items. By calculating construction cost that meets Construction Cost Estimate Accuracy by American Association of Cost Engineers (AACE) through quantity take-off and cost estimation based on 3D modeling of BIM technology, a BIL improvement proposal at design phase for Mechanical Contracts and Construction is provided here. Results showed that properties including outline and minimum specification of the main equipment, internal main piping, and internal main duct should be defined from the intermediate design phase to have reliable cost estimation.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.256-260
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• 2004

As a large portion of defence budget are alloted for military facility construction, reasonable budget estimation in the planning stage has been officers' main concerns. However the proper estimation of construction cost is difficult to be carried out due to the absence of systematic criteria. To improve the budget estimation for military facility construction, this study proposes a cost index model which can convert historical cost to current cost. Thus the developed cost index would enhance effectiveness of budget estimation process 3nd support reasonable decision making. This cost index model is developed by analyzing historical cost data with statistical methodology The study is executed by following process. First, factors which affect construction cost for the most are selected by analyzing historical cost data. second, the selected factors are categorized material cost, labor cost and equipment cost, and weights of those factors are calculated by dividing the cost of each factor by total item costs. Last, cost index is developed by using weighted average method.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2016.05a
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• pp.237-238
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• 2016

Rework is a major cause that adversely affects the performance of a construction project, such as schedule delay or cost overrun. In order to prevent rework, research has been mainly conducted to analyze the cause of rework, but limited to quantitatively measure cost of rework and analyze its impact on project performance. Therefore, this paper aims to analyze impact of rework cost using 369 rework items collected from 3 construction site. This research is expected to accurately determine control target of rework and to improve efficiency of business operations in construction project.

• Journal of Korean Society of Steel Construction
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• v.22 no.1
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• pp.55-65
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• 2010

To effectively secure and execute the national budget, it is very important to estimate the reasonable construction cost of each process in the construction of public facilities and works. The construction cost is generally estimated at the time when the design of the targeted structures has been completed. Without detailed sectional drawings and with only simple information on bridge structures in the planning stage or in the early design stage. it would be very difficult to predict the approximate construction cost. In this study, a more efficient and appropriate approximate construction cost estimation model in the planning stage and in the early design stage is presented and verified as reliable by analyzing the construction cost data of 61 existing steel box girder bridges from previous studies. The results of this study show that when the construction cost that was predicted using the construction cost estimation model in the design stage was compared with the cost from the conventional standards, the suggested model in this study produced results with a very high confidence level.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.2
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• pp.620-627
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• 2010

This study for construction of golf courses is to present basic information and pattern of change of construction cost by looking at the capacity of construction, requiring time and other aspects. The propose of this study is to develop the model of brief cost expected by using cost index and analyzing the actual work cost data gathered in golf course construction industry in Korea. The equation used for the cost-capacity index in other to deliver the expected construction cost is followed next. The results of this study, by regression analysis for the information of 7 golf courses, it could be found the cost-capacity index n, such as 0.72 for whole construction, 0.67 for net construction.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.383-386
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• 2001

The ability to make good cost overruns predictions is a very important aspect of in major construction project. The probabilistic cost models can provide more reliable than traditional cost models which have been used in korea to prepare Bill of Quantities, if the actual cost data are sufficient enough to analyze the trends of the variables. The paper considers non-deterministic methods in a cost estimate. The method(referred to as the 'Monte Carlo simulation' method) interprets cost data indirectly, to generate a probability distribution for total costs from the deficient elemental experience cost distribution. The objectives of this research is to develop a method to forecast the probabilistic total construction cost and the elemental work cost