• Title/Summary/Keyword: Project Cost Calculation

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The Calculation Method for Prolongation cost of Sub-Constract in Domestic Public Construction Project (국내 공공 공사 하도급계약 공기연장 추가간접비 산정방안)

  • Jeong, Kichang;Lee, Jaeseob
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.4
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    • pp.61-69
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    • 2018
  • Research on additional indirect cost due to construction period extension in general contracts has continuously been active whereas the same for the subcontract operations has not been. In this research, we review previous research on evaluation methods for additional indirect costs which are widely being used on construction sites as well as previously proposed methods altogether, applying them to analyze model-cases for comparison. We acknowledge that this pattern for construction cost fluctuation over the construction period demonstrates an S-curve. This S-curve shaped indirect cost occurrence is then used to generate model-cases that are used throughout the research which models we applied previous evaluation methods on. Finally in pursuit of finding out some problems of evaluation methods, we came to derive a conclusion that the "Average Actual Cost Evaluation Method on Extended Duration," which, in turn, were proved to be valid for application on general contracts, was also valid for general application on subcontractor operations.

A Profitability Forecasting Model available in Planning Stage of Housing Redevelopment Project (주택재개발사업 기획단계에서 이용 가능한 수익성 예측 모델)

  • Ahn, Kyung-Hwan;Park, Jong-Soon;Lee, Jong-Sik;Kwon, Dae-Jung;Chun, Jae-Youl
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.1
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    • pp.63-70
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    • 2013
  • A judgment on the redevelopment projects' predicted profitability is an essential decision-making element for the success of the redevelopment projects. It is necessary to review the literature on profitability of redevelopment project and draw risk factors that could affect profitability through the risk analysis based on surveys. It is also necessary to judge profitability prediction toward the business value of the redevelopment project in the planning phase according to the risk analysis results which can affect the profitability prediction. In order to prevent the growing difficulties in executing the projects, a profitability prediction model is proposed using the method of management and disposal based on a proportional calculation that can estimate the share of expenses in order to judge profitability in the planning phase. With the improvement of profitability prediction models, it is possible to appropriately judge profitability in the planning phase in order to allow the prevention of suspension, reduction of project term, reduction of cost, and making of rational decisions.

A Measure for Improving the Systematic Evaluation of the Life Cycle Cost in Technical Proposal Tendering (기술제안입찰에서의 계적인 생애주기비용 평가를 위한 개선방안)

  • Son, Myung-Jin;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.6
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    • pp.71-83
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    • 2012
  • The use of technical proposal tendering has been expanding recently with the aim of effecting cost reduction, quality enhancement, technological development and value realization centered on multifunctional administrative cities, innovation cities, and the Yongsan relocation project. In line with the increasing interest towards life cycle cost improvement measures as an important evaluation category concerning technical proposal tendering, efforts in preparing measures that can execute the security of credibility and objective evaluation concerning architectural life cycle cost are being made. However, problems such as lack of applicable cases of design development and detail design, distortion of initial construction costs concerning the original plan, combination of constant price and current price, the ambiguity of the calculation standards between tendering corporations, inaccuracy of terms, and insufficient compositional formats concerning life cycle improvement measures are being cited. Accordingly, this study sought to propose a measure to improve the compositional guidelines, format, and standards so that a systematic life cycle cost evaluation can be executed for the reliable distinction of each participating corporation, enhanced credibility and objective evaluation of the life cycle cost improvement measure for technical proposals.

Development of A Prototype for Wall Formwork Designs using Open BIM (개방형 BIM을 활용한 벽체 거푸집설계 프로토타입 개발)

  • Jin, Chengquan;Kim, Hyunjoo;Hyun, Chang-Taek;Han, Sang-Won
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.6
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    • pp.3-13
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    • 2018
  • The formwork cost amounts for a significant proportion of project construction costs. It costs 10-15% of the total construction cost and 30-40% of the frame structure construction cost. In addition, the formwork collapse accidents are frequently causing deaths in the construction industry, and thus, is known to be of relatively high degree of risk. As so, the accuracy of structural calculation and quantity take-off when planning the formwork in a construction project are a very important matter. Accordingly, this study develops a BIM based formwork design prototype, that enables the construction manager to optimize the design through applying the proposed new IFC entities associated with the formwork design. The approach proposed in this study is expected to support the construction manager with accurate quantity calculation and rapid planning and construction. Since this study considered specific small-scale buildings using Euro-form and show the possibility of utilizing BIM entities in the formwork design process, further research is recommended towards the limitations in applying the system to other types of formworks.

A Study on the Quantitative Risk Level Calculation Model in Cooperation with the Reserve Fund (예비비와 연계한 정량적 리스크 수준 산정 모델에 관한 연구)

  • Kwoak, Song-Hae;Park, Koo-Rack;Kim, Dong-Hyun
    • Journal of Digital Convergence
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    • v.14 no.10
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    • pp.159-166
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    • 2016
  • Recent public information project, which has been organized mainly to large companies is a situation that is being reorganized to small and medium-sized systems integration company. However, many of the small and medium-sized companies lack knowledge of the systematic risk management. Thus, in connection with the revenue, it involves a number of problems. Therefore, in this paper, we present a risk element that occurs mainly in the field of the project, providing a model for measuring the risk element by risk level costs associated with this. Through the convergence, we aim at providing a management system that is able to make the project successfully accomplished, predicting the risk that occurs in advance to pursue the project; Based on the proposed model, it is possible to secure a proper size of reserve fund so it is expected to enable companies to ensure the cost of risk analysis.

BIM-Based Generation of Free-form Building Panelization Model (BIM 기반 비정형 건축물 패널화 모델 생성 방법에 관한 연구)

  • Kim, Yang-Gil;Lee, Yun-Gu;Ham, Nam-Hyuk;Kim, Jae-Jun
    • Journal of KIBIM
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    • v.12 no.4
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    • pp.19-31
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    • 2022
  • With the development of 3D-based CAD (Computer Aided Design), attempts at freeform building design have expanded to small and medium-sized buildings in Korea. However, a standardized system for continuous utilization of shape data and BIM conversion process implemented with 3D-based NURBS is still immature. Without accurate review and management throughout the Freeform building project, interference between members occurs and the cost of the project increases. This is very detrimental to the project. To solve this problem, we proposed a continuous utilization process of 3D shape information based on BIM parameters. Our process includes algorithms such as Auto Split, Panel Optimization, Excel extraction based on shape information, BIM modeling through Adaptive Component, and BIM model utilization method using ID Code. The optimal cutting reference point was calculated and the optimal material specification was derived using the Panel Optimization algorithm. With the Adaptive Component design methodology, a BIM model conforming to the standard cross-section details and specifications was uniformly established. The automatic BIM conversion algorithm of shape data through Excel extraction created a BIM model without omission of data based on the optimized panel cutting reference point and cutting line. Finally, we analyzed how to use the BIM model built for automatic conversion. As a result of the analysis, in addition to the BIM utilization plan in the general construction stage such as visualization, interference review, quantity calculation, and construction simulation, an individual management plan for the unit panel was derived through ID data input. This study suggested an improvement process by linking the existing research on atypical panel optimization and the study of parameter-based BIM information management method. And it showed that it can solve the problems of existing Freeform building project.

An Awareness Analysis on the Design for Safety of Construction Project and Its Improvement Measures (건설프로젝트의 설계안전성 검토에 대한 인식 분석 및 개선방안)

  • Shin, Won-Sang;Son, Chang-Baek
    • Journal of the Korea Institute of Building Construction
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    • v.19 no.4
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    • pp.351-359
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    • 2019
  • Recognizing that the fundamental cause of construction safety accidents was a lack of safety management activities in the planning and design phases, the government made the Design for Safety (DFS) system mandatory in May 2016. However, awareness among ordering parties and designers regarding this system is significantly low, and the system has not been properly established due to reasons such as the need for additional work and a lack of professional manpower. In this study, the awareness of ordering parties and designers of the DFS system was analyzed through a survey, various problems in DFS work execution were identified and measures for improvement were presented. Measures to improve the efficiency in DFS work execution involve the discovery of risk factors and establishment of countermeasures, and here the establishment of a DFS work support system that enables the sharing of information between institutions is the most urgent priority. In addition, it is also urgently necessary to establish a dedicated organization in charge of DFS work, cultivate professional manpower, develop the relevant education programs and establish a proper cost calculation standard for DFS work execution by design offices.

Analysis of Road Construction Projects' Escalation under Historical Data-Based Estimate System in Jeju (실적공사비가 적용된 제주도 도로공사의 물가변동률 영향 분석)

  • Hong, Jeong-Ho;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.2
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    • pp.667-676
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    • 2014
  • This study has conducted case studies in order to suggest alternatives to the historical data-based estimate system. Price fluctuation calculation methods based on historial cost indexes, standard estimate and construction cost indexes were applied to 9 road construction sites in Jeju for an analysis. As a result, in 5 construction sites (about 56% of 9 sites), the index control rate calculated based upon historical data-based estimate system was higher than that calculated based upon standard estimate and construction cost indexes. Thus the establishment of the requirements for the adjustment of contract price due to price fluctuation delays, which leads to a significant difference in price fluctuation amount. And, in an analysis of construction cost indexes, the indexes for road construction were used for calculating index control rate which ranges from 2.0 to 9.4 percent, indicating the time of construction amount and price fluctuation application has a significant influence on index control rate.

A Study on the Revision of Man-day Cost Calculation Method for Information and Communication Facilities Construction Supervision (정보통신설비공사 감리대가 품셈개정에 관한 연구)

  • Lee, Jin-Ho;Kang, Byeong-Gwon
    • Journal of Convergence for Information Technology
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    • v.10 no.2
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    • pp.1-8
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    • 2020
  • The standardized procurement of supervisory cost for the construction of domestic Information and Communication Technology(ICT) facilities, which is announced by the Korea Engineering and Construction Association in May 2009, has been applied in the public institutions and private industries. However, the previous standardized procurement is not widely applied in recent years because the ICT and social economic environment have been rapidly changed and the previous equations to calculate the supervisory cost is not simplified. As results, the needs for a new standardized procurement has been increased and the Ministry of Industry, Commerce and Energy has published a notice with new standard procurement. In this paper, we provide the explanation of the background and the derivation process of the notice based on authors' experiences of project participation. As research method, we compare the previous mad-day cost of ICT construction and that of another area including electric facility construction, and then we explain a new procurement equation based on WBS(Work Breakdown Structure).

Development of a Calculating Model for Local Index Based on Historical Data of Public Apartment Buildings (공공아파트 실적데이터 기반의 지역지수 산정 모델 개발)

  • Lim, Dae-Hee;Lee, Seung-Hoon;Seo, Yong-Chil
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.2
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    • pp.75-80
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    • 2010
  • With the intensifying of price competition and structural diversifications, the uncertainty of the domestic housing market has been increased. This highlights the importance of the planning stage of construction projects, and the increased need for a higher level of accuracy in approximate estimates. Currently, a number of research and development programs to calculate construction cost at the initial planning stage are being conducted. However, there are few cases in which local characteristics are considered in deriving the results. If local calibration can be conducted during estimates, more accurate cost estimates will be enabled. This could also play a major role in ensuring the success of a project. Therefore, the purpose of this research is to develop a calculation methodology and a model for a local index based on the historical data of public apartment buildings, and to derive a local index that supports accurate construction cost estimates.