• Title/Summary/Keyword: Proper Construction Cost

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The Research about Increase and Decrease of the Construction Cost by the Alteration of Design (설계변경에 의한 공사비의 증감에 관한 연구)

  • Im Chil-Soon;Lee Gyu-Chel
    • Korean Journal of Construction Engineering and Management
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    • v.4 no.4 s.16
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    • pp.106-113
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    • 2003
  • The purpose of this thesis is to provide an appropriate trade-off information for the conflicting interests caused by the various factors between building owner and contractor during selecting the contractor and performing the construction work, in which the construction was contracted by open bidding from the government or private organizations. In order to propose the legitimate evidence, the differences between the domestic contract sheet of drawing change and the process of drawing change and those of the foreign countries were compared and analysed The number of construction ordered in Youngdong area in 2001 whose construction expenses are more than 100,000,000 won is 218 items and 147,005,000,000 won in total cost Among them, the number of 218 items whose total cost amounts to 16,705,000,000 (11.36$\%$) is in case of increase of construction expenses due to the drawing changes, and the number of 48 items whose tool cost amounts to 2,009,000,000 won (1.37$\%$) is the case of decrease. In conclusions, the contractor could have more benefits than the building owner in case they submit the detailed estimate sheet without eliminating the increasing expenses of construction. It is shown that the building owner's loss is increasing whenever the labor cost is higher material cost Therefore, this thesis proposes a proper standards for the harmonious compromise between the contractor and the building owner for the problems caused by the drawing changes when the contract agreement is occurred.

A Study on the Space Size Analysis in the Multifamily Housing in aspect of management cost. -Focused on the Central Heating System using the diesel, kerosene- (공동주택 관리비용에 따른 적정공간규모 산정에 관한 연구 -경유, 등유를 사용하는 중앙집중난방방식을 중심으로 -)

  • 이강희;양재혁
    • Journal of the Korean housing association
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    • v.13 no.5
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    • pp.89-99
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    • 2002
  • The multifamily housing has various advantages in construction cost, land-use intensity. KRIHS(1997) recommended the proper scale of th multifamily housing as 800 households in constructability, 1,000 households in facility compactability, 500 households in social aspect. At the early planning stage of project, the size of the multiftmily housing has, until now, been maximizingly considered under the regulation on which has been emphasized at the building volume ratio, land area, etc., except for the expenditure during the maintenance stage. This paper aimed at providing the proper size of multifamily housing in aspect of area and household number with maintenance cost at the early stage of project. For these, it took 곧 average cost function which is made from the 3-rd quardratic form and analyzes the unit increasing rate of the average cost. It surveyed in nationwide focused on the central heating system using diesel and kerosene. The number of samples is 88 and items of management cost is 11. The results are as follows ; first, 3rd-order quadratic function is proper at explaining the cost variation, considering the multicollinearity and statistics. Second, the proper size of multifamily housing is recommended with 83,000 $m^2$ on management area, 820 or over the 2,630 household number in aspect of total management cost.

A Study of the Application for Proper Construction Cost Estimating Method based on the Actual Cost Data (실적자료에 의한 적정 건축공사비 산정 방법에 관한 사례연구)

  • Cho Jae-Ho;Park Sang-Jun;Chun Jae-Youl
    • 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

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A Study on Development of Cost Index Model for Military Facilities Construction (군 시설공사의 공사비지수 개발에 관한 연구)

  • Park Jong-Won;Son Bo-Sik;Lee Hyun-Soo
    • 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.

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Evaluation of Building Construction Management in Sylhet City, Bangladesh

  • Anamul, Hasan Md.
    • Journal of Construction Engineering and Project Management
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    • v.2 no.3
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    • pp.40-47
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    • 2012
  • Construction management is essential for a achieving any pre-determined objective. It is however seen that in spite of construction management, majority of the project do not keep up their original time schedule and their completion cost is also higher as compared with the estimated cost The main reason for overrun in time and cost is that the planning at the outset of the project was not adequate or method of planning was not a refined one. In this research work, I showed the overall conditions of construction work and management in Sylhet city of Bangladesh and found many drawbacks in the construction management after completing my research. I found several factors affecting proper construction management and I have provided brief results. I have also provided some recommendations after my research work.

THE EFFICIENT ESTIMATE OF ENVIRONMENTAL MANAGEMENT COSTS IN THE CONSTRUCTION SITES

  • Hyuk Moon;Sung-Jin Kim;Jae-Jun Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.437-446
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    • 2005
  • Recently as people's values are changing from development phase into running stage after quality of life, so that the needs of environmentally friendly construction are gradually increasing. Also populace discontent about the pollution during construction process such as the noise and vibration caused by construction machinery is increasing. Even though it is impossible to eliminate the construction pollution fully, it is necessary to make efforts to reduce construction pollution to a minimum. In terms of construction site operating, the first possible step for solving these matters directly is that the necessary sum of expenses must be secured as the environmental management costs in the conceptual phase. However, in fact, the environmental management costs have not been secured in the budget. Generally it is the major reason not arising proper activities to prevent the pollution in the construction site. The purpose of this research is to suggest the efficient budgeting method regarding Environmental management costs to ensure the necessary sum of environmental management expenses. To provide an efficient budgeting method, interviews with the person in charge of environment management was conducted. 78 construction sites was surveyed and environmental management costs were analyzed through their historical data from the survey. According to the results of analysis, the ratio of environmental management costs is revealed 0.45% of construction cost as average comparing 0.2% of legal limit. And usually the environmental management cost was appropriated into the safety management budget. So it is needed to isolate environmental management budget securely and modify the ratio of Environmental conservation Costs in Construction Technology Management Act.

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Housing Market and Opportunities for Wood Frame Housing in Korea (우리나라의 주택시장구조(住宅市長構造)와 목조주택개발(木造住宅開發))

  • Park, Moon-Jae;Kim, Wae-Jung;Han, Kap-Joon
    • Journal of the Korean Wood Science and Technology
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    • v.19 no.3
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    • pp.45-52
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    • 1991
  • To investigate opportunities for wood frame housing and to activate wood frame house construction, trends of construction activities. preference about housing, and building codes related to wood frame housing were discussed. And two models of wood frame house were developed and construction cost was analyzed to compare with comparative masonry houses. The results obtained were as follows: 1. While 77.8% of people prefer single-family houses, majority of people(74.9%), ironically, possess multi-family houses such as apartments Wood work cost was ratio of 4% of total building cost. while wood material cost accounted merely for 11 % out of total building material cost. 2. Building code was not major barrier to residential house at height under 13m. The building code regulated major structural member and family boder wall of multi-family house to be built with fire retardant material. 3. The proper wood frame house was analyzed of town house or villa type locating in suburban of big city with hot ondol system for the upper middle class. 4 There was no difference in construction cost between western style wood frame house and comparable masonry house, but construction cost for Korean style wood frame house is 27% higher than that of comparable masonry house. It was necessary to reduce materials and cost down by prefabrication technique for both style of wood frame house.

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A Study on the Effective Inventory Management by Optimizing Lot Size in Building Construction (건설공사의 적정 Lot Size 결정에 의한 효율적인 재고관리 방안에 관한 연구)

  • Kim, Sang-Hoon;Kim, Gwang-Hee;Kang, Kyung-In
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.2
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    • pp.73-80
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    • 2004
  • The purpose of this study was to look up the proper inventory management system in construction industry. it is important for construction company to improve competitiveness and to reduce construction cost. Lot-sizing techniques were applied to rebar procurement in apartment project. The results of this study were as follows; the method of Groff's marginal cost showed the best performance of other techniques and the method of Norman showed a similar result.

Performance Management through Time-Cost Integration in Construction Project (비용-일정 통합관리를 통한 건축공사 실적관리)

  • Kim Dong-Jin;Lim Hyoung Chul;Choi Jung Suk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.379-382
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    • 2001
  • In domestic construction industry, time and cost has been managed separately in most cases. Usually projects are managed focused on cost, so time is not yet managed systematically. Project performance in these managemental situation can not be assessed correctly. This would cause project delay, cost overrun, productivity loss. Therefore it is needed to adopt earned value concept, an approach used in the management and control of project costs and schedules. Using this EV concept through time-cost integration, project can be managed properly based on the consistency, predictability, and reliability of the performance data. This paper proposed time and cost integration process, proper PMT method, and practical performance management model through time and cost integration.

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CONSTRUCTION COST CLAIMS, OR ENTITLEMENTS?

  • Tan Hock Soon Adrias
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.150-159
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    • 2007
  • More often than not, cost claims which are legitimately due and entitled to the contractor for works done, or for loss and expense incurred arising from disruption, prolongation and delay, are surprising not successfully recovered, whether in whole or in part, or none at all. One of the main reasons attributing to such scenario, is due to either the contractor, employer or the consultants and their poor understanding of and adherence to established and proper contractual rubric that is embodied in the building construction contract for the works. This paper explores some such pitfalls that could very well spell the ultimate financial disaster for many contractors, and highlights salient and essential intimations that contractors and consultants should watch out for.

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