• Title/Summary/Keyword: Project Cost Calculation

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Information System for Managing Cost Reimbursable Construction Projects (실비정산 비용지불 방식에 적용 가능한 건설 프로젝트 정보관리 시스템)

  • Kang, Namhee;Song, Hojeong;Kim, Hyunjung;Choi, Jaehyun
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.2
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    • pp.237-247
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    • 2015
  • The project management information system (PMIS) has recently been developed by using the information technology(IT) in order to implement advanced information management technology to construction industry in Korea. The PMIS has been applied not only to domestic construction projects, but also to some overseas projects executed by Korean construction companies. This study was performed to develop the PMIS that is tailored to the US construction IT market. It has been monopolized by the US-based IT companies, but other companies are recently emerging with competitive technology and market strategy. As a preceding study, existing commercially available systems were analyzed, and the required features of the PMIS were identified by analyzing the core elements of contract, process and cost management about construction projects in the US. Then, the PMIS was developed based on the aforementioned analysis results. The system includes the document management module with an internal electronic approval system, the cost-plus-based automatic labor cost calculation module, and the progress management module to support the integrated project cost management. In addition, the functionality of the developed system was verified by experts about construction management in the US via questionnaire survey. The developed PMIS, in this study, is expected to be applied not only to the US construction IT market as a system specialized for the US construction industry, but also to other oversea markets in the future.

3D Earthwork BIM Design Process for a Road Project

  • Raza, Hassnain;Park, Sang-Il;Lee, Seung Soo;Tanoli, Waqas Arshad;Seo, Jongwon
    • Journal of KIBIM
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    • v.7 no.2
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    • pp.8-15
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    • 2017
  • Building Information modeling is playing an important role in transforming the construction industry. It helped the industry with better visualization, minimum design errors, and excellent planning of the construction activities. Time and cost saving can be effectively achieved by using BIM for any construction project. It improves information exchange between all the project stakeholders. However, the development of earthwork 3D BIM is still underway and has not been fully implemented yet. This paper presents the study of a complete process for Earthwork BIM design using Autodesk Civil 3D. A real site road construction project is used as a case study to explain the process of earthwork modeling, starting from laser scanning to 3D model. Quantity take off calculation is very important part of any road construction project so during this study earthwork volume from two 3D earthwork model is calculated. The results obtained through this study will be the basis for future work which has been concluded in this paper.

A Study on the Factors Affecting the Detailed Design Price of Road Construction Project (국내 도로공사 실시설계 대가영향요인에 관한 연구)

  • Lee, Mi-Young;Seo, Jung-Hoon;Oh, Se-Wook
    • The Journal of the Korea Contents Association
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    • v.18 no.9
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    • pp.44-54
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    • 2018
  • In the construction project, the design field has a crucial effect on the success or failure of the final product, and it is becoming more important as a core area of national industrial development because it creates high value added by technology. In addition, since the design work is carried out based on professional technical personnel, in order to secure the quality and competitiveness of the design, it is necessary to continuously input the excellent manpower and develop the technology, and above all, the appropriate design cost must be ensured. However, as a result of reviewing the current status of the design cost criterion in Korea, problems such as mixed cost calculation method, inaccuracy of construction cost ratio method, and inactivation of cost plus fixed fee method were analyzed. Therefore, it is difficult to calculate the fair value reflecting the characteristics of the project when calculating the construction design price. Therefore, the price criterion should be improved so that the fair value of the design can be determined according to the contents of the project, By analyzing the correlation and multiple regression analysis of the projects and price information of the completed road construction design, the factors influencing the design price and the level of influence were analyzed.

Application of Activity-Based Costing(ABC) for Modular Building Construction Indirect Costs Calculation at the Manufacturing Stage (활동기준원가계산법(Actvitiy-Based Costing)에 의한 모듈러 건축물 공장제작단계 간접비 산정 방안)

  • Lee, JeongHoon;Park, Moonseo;Lee, Hyun-Soo;Lee, Kwang-Pyo;Hyun, Hosang
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.4
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    • pp.139-145
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    • 2015
  • Modular construction is combined with manufacturing production process and conventional construction industry technique. Considering characteristic of modular construction production process, manufacturing facilities require indirect costs for utilities, equipment, and overall maintenance, which can affect modular units pricing. However, current modular construction cost classification is inadvertent to reflect the manufacturing overhead costs, because it is generally added as a percentage to sum of labor, material and equipment as it called in single cost pool used. This process is easy to estimate the total construction cost at the project starting points, but it brings on misunderstanding of project profit estimations by "cross subsidization phenomenon". To prevent this situation, in this research aims to provide modular construction overhead cost handling process at the detailed indirect cost calculation for manufacturing stage using Activity-Based Costing as one of the powerful method for overhead costs estimation and allocation. Using this research results, modular construction cost estimators have more detailed cost information of modular units and prevent to misallocate indirect costs. Also, it can be utilized to aid the understanding of the company's profit structure.

A Study on the Improvement of Construction Cost Standards for Pipe Laying and Joining Work (관 부설 및 접합공사 공사비산정기준 개선에 관한 연구)

  • Oh, Jae-Hoon;Ahn, Bang-Ryul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.7
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    • pp.675-684
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    • 2020
  • To prevent safety accidents caused by aging pipe infrastructure and to maintain water quality, construction projects for water and sewage pipes are actively conducted across Korea. This study analyzed the criteria situations, site survey details, and regulation revisions related to the calculation of construction cost standards for pipe laying and joining work. The analysis showed that the major causes for revision are the unclear construction scope, limitations in implementing some pipe materials due to installation facility types, workforce focused on ordinary labor, limitations of manual laying work, and the lack of tool hire cost and machine expense-calculation criteria. Field studies were conducted to categorize the pipes according to their features, in addition to identifying the use of lifting heavy equipment and light equipment. In addition, excavation and testing work conducted in connection to pipe laying, as well as the use of skilled labor, were investigated. The current study clarified the work scope through new common items, provides an organization based on the pipe material, adjusted the workforce ratio to focus more on skilled labor, and developed grounds for calculating machine expenses. These revisions were estimated to save approximately 1.28% of the construction costs in each project according to an analysis of the construction cost impact study. truction costs in each project, according to an analysis of construction cost impact study.

Optimal Calculation of Size of Harbor Facility ensuring Maximum Resident's Participation using SNS and ICT (SNS와 ICT를 활용한 주민 참여를 최대한 보장하는 최적 항만 시설 규모 산정)

  • Park, Sang-Goul;Hwang, Chan-Gyu
    • The Journal of the Korea institute of electronic communication sciences
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    • v.9 no.10
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    • pp.1153-1159
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    • 2014
  • In this paper we propose novel method for cost of harbor facility of redevelopment of Mookho harbor at Donghae city by using ICT(Information Communication Technology) and Social Network System that is able to participate most residents instead of partly participation for harbor development. In order to do this, we analyze urban marketing which was maximally reflected opinion of resident by using previous simple questionnaire as well as various SNS (Social Network System) as method of effective resident's participation in process harbor redevelopment. We perform optimal selection for ratio of resident's participation. We also propose calculation of optimal construction cost and method of urban marketing.

Multicriteria shape design of an aerosol can

  • Aalae, Benki;Abderrahmane, Habbal;Gael, Mathis;Olivier, Beigneux
    • Journal of Computational Design and Engineering
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    • v.2 no.3
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    • pp.165-175
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    • 2015
  • One of the current challenges in the domain of the multicriteria shape optimization is to reduce the calculation time required by conventional methods. The high computational cost is due to the high number of simulation or function calls required by these methods. Recently, several studies have been led to overcome this problem by integrating a metamodel in the overall optimization loop. In this paper, we perform a coupling between the Normal Boundary Intersection - NBI - algorithm with Radial Basis Function - RBF - metamodel in order to have a simple tool with a reasonable calculation time to solve multicriteria optimization problems. First, we apply our approach to academic test cases. Then, we validate our method against an industrial case, namely, shape optimization of the bottom of an aerosol can undergoing nonlinear elasto-plastic deformation. Then, in order to select solutions among the Pareto efficient ones, we use the same surrogate approach to implement a method to compute Nash and Kalai-Smorodinsky equilibria.

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.

An Environmental Management Cost Estimating Method Improvement for New Multi-Housing Projects (공동주택 신축공사 환경관리비 산출방법 개선)

  • Lee, Jae-Ho;Park, Chan-Sik
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.3 s.31
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    • pp.149-158
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    • 2006
  • For construction projects, it is required to estimate the Environmental Management Cost(EMC) for pollution prevention, using the calculation standards prescribed in the Construction Technology Management Law(CTML). However, the EMC standards are difficult to utilize without definite site information. Therefore, it is needed a new calculation method reflecting project site information. According to the definition of EMC in the CTML, this study identifies the EMC items and classifies them into the pollution types such as air, water, noise, waste and others. With this EMC classification, the stud:』 analyzes using the SPSS the EMC for the 78 new multi-housing projects, which were executed during the past three years, 2000-2002. And then an EMC estimating matrix is developed with simple information such as site location and size of area from historical data. The proposed matrix can be effectively used to check and control budgeting and estimating the EMC of the multi-housing projects. In addition, the proposed EMC matrix are validated through a case study.

전문가 집단과 비전문가 집단의 고속철도 운임수용범위에 관한 실증분석

  • Kwon Yong-Jang;Ku Ja-Kwon
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.1566-1574
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    • 2004
  • This study tried to find out alternatives adjusting basic fare using customer survey. But it merely verified that train fare decision is made by government's role and market status. Also, it has a limitation deciding resonable fare of KTX that average cost and marginal cost calculation is impossible because Korean National Railroad does not follow 'Activity Based Costing'. It is rational fare decision that performing survey to railroad experts and general customers, and compare two results. Summarizing results of this study, 1. The hypothesis 'Experts' perceived fare level of KTX is higher than that of general customer. 'is carried. It suggests that following experts' opinion with general customer's is very rational method to decide fare level. 2. The hypothesis 'Experts expect lower level of fare discount rate than general customer.' is carried. 3. It is hard to decide priority among many kinds of discount for difference of two group's preference. However, following recent research project is maximized by discounting fare 30$\%$ on 40$\%$ of total passenger and expand number of discount kinds step by step are desirable.

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