• Title/Summary/Keyword: Project Cost Saving

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The Cost Saving Method on Each Building Phase by Analyzing the Cost Structure (비용구조분석에 의한 건축단계별 공사비용 절감방법)

  • Park, Keun-Joon
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.1 s.15
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    • pp.97-103
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    • 2005
  • Building costs means capital costs which include cost of land, costs of acquiring and preparing the site, construction costs, professional fees, furnishings, cost of financing the project. and cost of management required to run and maintenance the building for use. There are several phases that determine the building costs : design phase, construction phase, and operation & maintenance phase. So, the cost of work could be set against the examining the full range of complexities that a building program might contain. To solve this problem, it needs to compute building cost systematically. This is still in the development stage, awaiting the organization of rational cost data base. The method of cost saving by cost control could be constituted by detailed knowledge of building costs for all possible combinations of components and subsystems that can be assembled into integration model of cost factor on each phase of project development. The model of cost saving in each building phase is available for procedures of cost control of building systems.

The Study on Items derived of Machine Equipment Construction Standards for Project Cost Savings (사업비 절감을 위한 기계설비 건설기준 개선 항목 도출에 관한 연구)

  • Kim, Kyong-Hoon;Kim, Tae-Song
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.60-61
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    • 2014
  • the reference values are high, because the Korean construction standards quote the foreign construction standars indiscriminately. Therefore ten experts were consulted to draw the items about the machine equipment construction standards for project cost saving in this study.

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Sources of Cost Saving Opportunities in Highway Construction Quality Assurance Practices

  • Uddin, Mohammad Moin;Newland, James
    • Journal of Construction Engineering and Project Management
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    • v.8 no.1
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    • pp.1-9
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    • 2018
  • US transportation agencies are dealing with shrinking budgets, limited work forces, and deteriorating infrastructure. In order to cope with funding uncertainty, state highway agencies are now looking into their own organizations and identifying programs, practices, and processes that have potential for cost saving. A quality assurance (QA) program is an integral part of highway construction and ensures a project's contracted level of quality. The cost of quality (conforming and nonconforming) can constitute a sizable part of total construction cost. As the quality assurance programs evolved, various practices and processes were developed over time and later adopted by state highway agencies. These practices and processes include different QA standards and specifications, varying testing methods, central testing lab vs. on site testing, performance based vs. prescribed quality assurance practices, implementation of innovative quality assurance practices, etc. Therefore, there is an opportunity to assess different QA strategies and recommend those practices that are effective and cost efficient. A national survey was conducted by the authors, which provided a detailed mapping of various QA practices and processes used as part of QA programs and identified areas where agencies can focus on for cost savings. The survey found that QA sampling and testing plans, optimization of sampling plans, optimization of QA standards and specifications, and implementation of innovative test methods and processes are the main areas the agencies should focus to lean the current QA programs.

A Case Study on Sensitivity Analysis of KHP Total Ownership Cost (KHP 총소유비용의 민감도 분석 사례 연구)

  • Byun, Hyung-Kyun;Lee, Sang-Woo;Kwon, Moon-Won;Kim, Joo-Kyun;Choi, Young-Hwan
    • Journal of Applied Reliability
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    • v.11 no.2
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    • pp.187-212
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    • 2011
  • KHP project sets total ownership cost as the target cost by applying CAIV and administrates total ownership cost through compromise analysis, a periodical estimate and management of design alternatives for each development. Based on expected cost results, sensibility of total ownership cost is analyzed complying with the change of reliability, availability, maintainability and other related factors. By considering potential total ownership cost saving methods, first of all, this paper identifies total ownership cost changing effects for each related factor, secondly, suggests total ownership cost and maintenance and operating cost saving methods via finding components that affect total ownership cost and lastly, suggests total ownership cost saving directions that may be applied to other projects in the future.

A DECISION MAKING FRAMEWORK FOR REDUCING PROJECT DURATION BY APPLYING CONCURRENT ENGINEERING IN CONSTRUCTION

  • Han, Jin-Taek;Choi, Do-Seung;Lee, Jae-Seob
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1540-1547
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    • 2009
  • Steel frame factories were surveyed in this study in order to explore the possibility of shortening the construction time and save on construction cost through overlapping at the stages of design or construction. In the survey, construction professionals were interviewed in order to collect quantitative data. Hypotheses were then formulated, and the data was thereby analyzed using the simulation technique in order to analyze the effects of the concurrent engineering method on shorter construction time and cost saving. In addition, actual cases were analyzed to determine the overlapping rates of major processes in terms of shorter construction time and cost saving and to analyze the relationship between time and cost due to overlapping.

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Cost-Effective Model for Energy Saving in Super-Tall Building

  • Song, Kwonsik;Park, Moonseo;Lee, Hyun-Soo;Kim, Sooyoung;Shin, Jinho
    • Journal of Construction Engineering and Project Management
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    • v.3 no.3
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    • pp.17-22
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    • 2013
  • In many urban cities, super-tall buildings have been being constructed around New York and Chicago as the center since 1930 to improve the efficiency of land use and respond to new residential type. In terms of energy consumption, super-tall buildings are classified as a top energy consumption building. Also, as time passed, the degradation of energy performance occurs in super-tall buildings like general things so that these cannot show the initial performance planned in the design phase. Accordingly, building owners need to make a plan to apply energy saving measures to existing building during the operation phase. In order to select energy saving measures, calculus-based methods and enumerative schemes have been typically used. However, these methods are time-consuming and previous studies which used these methods have problems with not considering the initial construction cost. Consequently, this study proposes a model for selecting an optimal combination of energy saving measures which derives maximum energy saving within allowable cost using genetic algorithms. As a contribution of this research, it would be expected that a model is utilized as one of the decision-making tools during the planning stage for energy saving.

COST-EFFECTIVE MODEL FOR ENERGY SAVING IN SUPER-TALL BUILDING

  • Kwonsik Song;Moonseo Park;Hyun-Soo Lee;Sooyoung Kim;Jinho Shin
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.294-299
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    • 2013
  • In many urban cities, super-tall buildings have been being constructed around New York and Chicago as the center since 1930 to improve the efficiency of land use and respond to new residential type. In terms of energy consumption, super-tall buildings are classified as a top energy consumption building. Also, as time passed, the degradation of energy performance occurs in super-tall buildings like general things so that these cannot show the initial performance planned in the design phase. Accordingly, building owners need to make a plan to apply energy saving measures to existing building during the operation phase. In order to select energy saving measures, calculus-based methods and enumerative schemes have been typically used. However, these methods are time-consuming and previous studies which used these methods have problems with not considering the initial construction cost. Consequently, this study proposes a model for selecting an optimal combination of energy saving measures which derives maximum energy saving within allowable cost using genetic algorithms. As a contribution of this research, it would be expected that a model is utilized as one of the decision-making tools during the planning stage for energy saving.

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Process of Cost Estimation in Feasibility Analysis Considering ratio of Renewable Portfolio Standard (신·재생에너지 공급의무화제도(RPS) 비율을 고려한 타당성 분석의 공사비 산정 프로세스)

  • Yang, Hyun-Ju;Kim, Jong-Hyeob;Han, Sangwon;Hyun, Chang-Taek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.44-45
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    • 2014
  • Recently the Korean government also has strictly restricted a law such as GBCC(Green Building Certification Criteria)and RPS(Renewable Portfolio Standard) on the construction. Especially the government announced a obligation of renewable energy consumption over 12% for all the public buildings of total area over 1,000㎡ since 2014. Regarding to the policy, this study presented the economics of energy analysis of the public office buildings that supplies 12% renewable energy output in the early stage of construction project. This paper calculated on CO2 emission by the geothermal, solar heat, and solar photovoltaic system and estimated the saving cost. Reduced cost through the energy saving are predicted to influence on the total construction cost. As a result air pollution and energy saving cost are expected that renewable energy system would be saving total initial cost of construction on planning phase.

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Indicators of Economic Evaluation and Case Studies on New & Renewable Energy (신재생에너지 경제성 평가 결과 분석 및 평가지표 연구)

  • Ahn Eun-Young;Kim Seong-Yong
    • 한국신재생에너지학회:학술대회논문집
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    • 2005.06a
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    • pp.600-603
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    • 2005
  • U.S. National Research Council proposed benefits framework for energy R&D project as economic benefits, environmental benefits, security benefits and knowledge benefits. Following this framework, U.S. National Renewable Energy Laboratory evaluated the projected benefits of Federal Energy Efficiency and Renewable Energy Programs in the indicators of energy-expenditure savings, energy system cost savings, $CO_2$ emissions reductions. oil savings, natural gas saving and avoided additions to central conventional power. As this result, geothermal energy have predominant position in the energy-expenditure savings, natural gas saving and avoided addi t ions to central conventional power to FY2050. The projected benefits, in monetary value, of the whole supply-potential of geothermal energy in Korea were evaluated as 480.2 billion Won, 43.1 billion Won and 135.8 billion Won for the private energy-cost savings, social environmental-cost savings, and import energy-cost saving, respectively.

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A Study on the Problem Analysis and Improvement Plan Development of the Construction Cost Saving Policy in the Public Educational Facilities Projects (공공교육시설 건설공사비 절감방안의 문제점 분석과 개선방향에 관한 연구)

  • Ock Jong-Ho;Han Seung-Hyen
    • Korean Journal of Construction Engineering and Management
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    • v.2 no.1 s.5
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    • pp.98-106
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    • 2001
  • The Ministry of Education and Human Resource Development has implemented the Construction Cost Saving Policy since 1998. The National Universities and Regional Education Committee have been required to follow the details of the Policy in constructing educational facilities in their jurisdiction. While the Policy has positive effect on construction cost saving of the entities, it has been criticized from the beginning of the Policy implementation because of its negative impact on project quality, education quality, trust in the public sector construction business, and solvent operation of the private construction companies which build the educational facilities in the entities. The research aims at investigating the pitfalls of the Policy and suggesting more reasonable approaches that can satisfy both the governmental entities and the private companies.

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