• International conference on construction engineering and project management
• /
• 2005.10a
• /
• pp.1244-1249
• /
• 2005

Present PII(Private Infrastructure Investment) in Korea has increased up to 11% compared to the year 2003 and is expected to increase in the future. In spite of its rapid increase, we don't have any definite standard or system which distinctly presents the rate of return for domestic PII yet, and practical and scientific research is not sufficient compared to its necessity and importance. Hence, in this study we suggests methods to estimate the rate of return of PII to promote SOC PII to last successfully and present the proper level of rate of return of PII which is appropriate for domestic situations through diverse analysis. Therefore, to present reasonable rate of return, we have used 5 methods: previous research analysis, case study, financial index analysis, analysis of investor's rate of return, and analysis of rate of return in a real estate market. After comparing and analyzing these methods, at the end, we have presented the appropriate level of rate of return of PII, which can be applied in the domestic market.

• International conference on construction engineering and project management
• /
• 2011.02a
• /
• pp.614-620
• /
• 2011

Delays in completing construction projects have significant financial and social impact to all parties involved in the construction process and in particular in developing countries. This is very evident in most construction projects in Libya and in both public and private sectors. The research study was initiated by Libyan Government and the main aim of the project is to develop a new strategy in reducing the impact of delay factors. In order to achieve this, a number of objectives have been set-to conduct a comprehensive literature survey, to conduct a comparative study of the delay factors in project completion in both Libya and UK using semi structured questionnaire and finally, to identify and analyse the causes of delay and ranked them using frequency of occurrence and severity. The critical causes of delay for construction projects were quite different between Libya and UK. For the former, the most critical causes of delay in Libyan construction industry were low skills of manpower, changes in the scope of the project, slowness in giving instruction and poor qualification of consultant, while for the latter they were financial problems, bad weather conditions on the job site and change in the scope of project. Statistical experiments including Paired Samples T-Test, was run to test the significance of the survey data in both countries Libya and UK. The statistical results confirmed the collected data from the survey were significant.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2004.11a
• /
• pp.486-489
• /
• 2004

To enlarge the international competition and construction productivity, the domestic construction market attracts the private capital and expands the facility of :iocial Overhead Capital(SOC). However, the application of the business system used at the public project didn't utilize the effect of social overhead capital. It caused problems that parties' business was inefficient and their allotment of the risk was inadequate. This paper presents the course to reorganize the business system which the coincides with the origin aim of the SOC. For the reformation of the supervisor's work scope and business system and the government's overall project management, in other words, this paper proposes the professional organization to replace the superintendence and the formation of optimal business system. This paper confirms the privity of contract among parties of SOC project and parties' work scope and system between relative laws and concession agreement that government made a contract with Special purpose Company (SPC).

• Proceedings of the KSR Conference
• /
• 2004.10a
• /
• pp.1532-1537
• /
• 2004

Downtown traffic culture of the car focus of our country have developed. But, it was been interested in railroad to saturation of situation, environmental problem. Also, it is getting interest which is international by departure point of network connecting from Europe to Northeast Asia. Private capital project of railroad is activated but Construction companies payability is real that is worsen day by day. Therefore, Construction companies is destroying element enterprise's inefficiency and the waste, be interested in Project Management Information System as part of information. I wish to approach in efficiency of railway construction by presenting professional construction company's Project Management Information System.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.278-281
• /
• 2003

The purpose of this study is to analyze CM effects between traditional and owner CM types according to project delivery methods in private projects. The research method of this study includes case studies and survey from construction management experts. The results of this study are as follows: 1)The owner CM type is proved to be much more effective than traditional method in various management function areas. 2)Planning, design, and quality management areas are proved to be very strong in the case of owner CM type.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2022.11a
• /
• pp.217-218
• /
• 2022

Supervision work deals with important data necessary for the performance management on building construction sites in accordance with the Building Act. Therefore, this study attempts to use the data from supervisory reports to measure the performance of private building projects. Performance measurement is important for systematic management. However, there are only a few cases in which performance measurement is performed because it requires strenuous efforts to collect data for measurement. First, this study derived 6 performance areas and 15 indicators through a few rounds of expert group discussions. Then, we confirmed the performance indicators with high feasibility of data collection through a survey of supervision experts. It is expected that the data of supervisory reports can measure systematically performance and assist in speedy diagnosis of private building construction sites.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2021.05a
• /
• pp.47-48
• /
• 2021

In order to maintain the existence of a university in the era of infinite competition, it is actively promoting the establishment of a school dormitory, one of the welfare facilities, as a way to attract students who want to enter the university. In the past, university dormitories were built by the university and managed and operated on themselves, but recently, due to the poor financial situation of the university, university dormitories promoted BTL method that private construction company built dormitories and rented them for a certain period of time to manage and operate. J University has dormitories managed and operated by itself and dormitories managed and operated by entrusting the private sector. User satisfaction surveys are conducted on two dormitory facilities with different management and operation organizations, and the contents of the survey are compared and analyzed. This study is expected to be used as basic data when planning a dormitory remodeling project or a new dormitory establishment project in the future.

• Korean Journal of Construction Engineering and Management
• /
• v.7 no.6
• /
• pp.121-131
• /
• 2006

Since "Act on Private Participation in Infrastructure" were changed in January 2005, BTL(Build-Transfer-Lease) projects of Private Participation In Infrastructure was introduced in the domestic construction market for the purpose of providing public facilities with the public. Selecting the most qualified Promoter should be considered discreetly in BTL projects because BTL projects is for projects with approximately thirty year project life cycle, plan, construction, operating, maintenance and obviously the success of the project totally depends on the capability and role of concessionaire. However, score for cost is likely to influence designating concessionaire to take the project. Accordingly, low bid contract with too much competition could decrease the quality of the construction plan and operating plan. Thus, this study did preliminary research and documents on problems of evaluation criteria for designating concessionaire in BTL projects, and proposed improvement program by doing questionnaire over specialists of each field.

• International conference on construction engineering and project management
• /
• 2015.10a
• /
• pp.387-391
• /
• 2015

Currently, there is insufficient research on the construction management performance since the CM system was introduced in Korea. For successful completion of construction projects, active use of construction mangers on projects is necessary by introducing construction management to the projects. In view of this, this study analyzed the annual CM performance from 1996 to 2013 but for the past 5 years from 2009 to 2013, a detailed analysis was carried out. For different sectors, CM performances were divided into public and private sectors, for project types, construction, civil and others, for project phases, pre-design, design, construction and post-construction phases, for contract types, sole and joint contract types, for project scale, the amount of the projects was taken into consideration and they were divided into large, medium and small scales and for the types of projects, they were divided into, shops, department stores, shopping centers, hospitals, government buildings, hotels, accommodation facilities, factories, buildings for workshops, office buildings, stadiums, playgrounds, schools and other construction types and all the data divided into such categories was analyzed. The results in this study can be used as a basic reference for studies in analysing construction management performances.

• Korean Journal of Construction Engineering and Management
• /
• v.9 no.4
• /
• pp.182-192
• /
• 2008

The purpose of this research is to identify problems and solutions of domestic Life Cycle Cost analysis in BTL(Build-Transfer-Lease), a PFI(Private Finance Initiatives) project. It is expected BTL would be quite effective delivery method for public construction introducing the private's major capital investments and technologies, and obviously LCC analysis is becoming more important factor for success of BTL projects. Nevertheless, there are still some complicated issues in LCC analysis, a technique for selecting the optimal VE(Value Engineering) proposals and estimating OM&R (Operation, Maintenance, & Repair) cost of the buildings, and has been applied limitedly. This research mainly focuses on educational facility, as most frequently delivered by BTL currently, especially with two levels (Alternative LCC and Building LCC) , which is occupied main potion in BTL project. In addition, it identifies four main problems and suggests their solutions through case studies focusing six major factors (WBS, Repair Information, Life Cycle, Time value of money, Repair Information Database, LCC Model) from three projects. Advanced development of this research requires closer partnership between the private / public sectors, and their long term strategies.