• Title/Summary/Keyword: Proper Construction Cost

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Multi-family Residential Construction Management Practice in the U.S.

  • Cho, Namho
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.1254-1254
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    • 2022
  • The Multi-family Residential is one of the most famous building types for a rental property in the US. Often times it includes multiple residential buildings and some amenity facilities, including a clubhouse or leasing office, swimming pool, dog park, and garages. Since the building type is built for rental purposes, the construction planning is phased and it makes the project complicated. Detailed planning and execution are important for successful construction management. This paper provides some management practices that are applied to one of the multi-family residential construction projects in Phoenix, AZ. The Front End Planning (FEP) process performed by both owner and contractor is the first key to a successful construction project. Specifically, the early review of phased turnover strategy, grading, fire/Americans with Disabilities Act (ADA) compliance, and Mechanical/ Electricity/Plumbing/Technology (MEPT) will provide absolute benefit to the project. Second, using a scheduling method to control short-term schedules and long-term can provide the ability to manage the issues with agility. Third, material delivery and procurement dominate the both project schedule and cost. With this COVID-19 circumstance, it is hard to expect the material, equipment, and labor forces to be delivered on time with the contracted price. Managing floats are more than important to managing construction productivity. Risk management should work to share the risks fairly. Lastly, turnover is directly linked with the profit of the project for both owner and contractor. The communication between the owner and contractor to re-schedule the proper turnover schedule is important for the phased construction project.

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A Study on the Cost Benefit Analysis Model of Vessel Traffic Services(II) (선박교통관리제도의 비용편익분석모델에 관한 연구(II))

  • 정재용;박진수
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.7 no.3
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    • pp.29-40
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    • 2001
  • The introduction of coastal vessel traffic services enables vessels in coastal waters to navigate in safety or to get her position with ease and prevents the vessel from becoming cause of casualties. But it needs relatively huge amount of cost to construct and operate and maintain. Thus we must be checked with economical adequacy of the the proposed coastal vessel traffic services by comparing the cost of the construction, operation and maintenance with the expected benefit made by the expected decrease in marine casualties. In previous paper, a proper cost-benefit analysis model for the Korean practice will be suggested. In this Paper, the proposed the cost-benefit analysis model of coastal vessel traffic services was applied to the Koje coastal waters 20mi1es from the top of Maemul-Do and Yokchi-Do. As the result, we confirmed the propriety of the cost-benefit analysis with the application of the proposed model to Koje waters. Also, it is verified that the introduction of coastal vessel traffic services, as proposed, is adequate and economical. The cost-benefit analysis model proposed in this study could be used to investigate the economic Propriety of new aids to navigation and traffic safety facilities in the future.

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A Study on Improvement Methods of Cost Estimation in Order for the Proper Management of Street Trees (도시 가로수 관리 품셈 개선에 관한 연구)

  • Do, Yoon-Taek;Han, Bong-Ho;Park, Seok-Cheol
    • Journal of the Korean Institute of Landscape Architecture
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    • v.50 no.4
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    • pp.20-36
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    • 2022
  • This study aims to provide basic data for high-quality street tree management by setting reasonable management items and appropriate unit prices by reviewing the adequacy of current street tree management. Currently, street tree management items, except for street tree pruning, use general landscape tree quantity per unit for the street tree management quantity per unit. KEPCO (Korea Electric Power Corporation) applied pruning items from standard electric production infrastructure and carried out the activities at an average unit price of 51% lower for heavy pruning and 39% lower for light pruning than the standard estimate. This was judged to be a level that could not maintain or increase the quality of street tree management. It was determined that an appropriate standard unit price for street tree management was necessary. To improve the quantity per unit for the proper management of street trees, it was necessary to review costs in the field. However, due to the absence of data on actual construction costs in the domestic landscape field, detailed items of the US RSMeans Building Construction Cost Data (RSMeans) were reviewed, and the actual construction costs were calculated by applying personal domestic expenses. As a result, the standard of the estimated unit showed a good ratio of 107% for heavy pruning of street tree pruning compared to the actual construction cost, but light pruning was underestimated with a 59% ratio. Shrub pruning was 82%, weeding was 92%, tree fertilization was 87%, and windbreak wall installation was 91% under-engineered. In addition, it was also confirmed that the watering by sprinkler trucks and chemical spraying were over-designed compared to the actual construction cost at the rates of 118% and 124%, respectively. Due to the specificity of the street trees, the increase in personal expenses and the input cost of equipment, such as road safety controls, were judged to be the main cause of the underestimation of items. Therefore, it is necessary to add items related to street trees and general landscape trees to the landscape maintenance items of the standard of the estimated unit.

Application of Accrual Basis for Calculation of Prolongation Cost in Construction Projects (공기연장 추가간접비 산정기준의 발생주의방식 적용 연구)

  • Jeong, Kichang;Lee, Jaeseob
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.5
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    • pp.111-120
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    • 2018
  • Recently, Domestic public construction projects are experiencing a great deal of disputes because of the growing uncertainty about the criteria for calculating the prolongation cost. In addition, researchers have been studying various systems and proper cost estimates in an effort to reduce the uncertainty of these systems and the occurrence of disputes. However, there is no standard yet for social consensus. Meanwhile, The study on the classification system according to the recognition standard of accounting has been systematically studied. As a result, the concepts of accrual and cash basis are defined separately. The purpose of this study is to verify the possibility of applying the concept of 'accrual basis' to the Standard for calculation of prolongation cost. Therefore, As a result of analyzing the occurrence pattern of Job-site overhead cost, it is confirmed that actual costs can not be calculated by the cash-basis method. In particular, the implications of the necessity of the accrual-basis method should be more strictly indicated in the case of items such as indirect labor costs and welfare benefits. In addition, the contractor 's claim report and the appraisal report were examined. As a result, it was confirmed that the calculation situations of prolongation costs are biased to the cash-basis method. In this way, it is suggested that necessary to supplement the calculation standard of the actual costs from the point of view of accrual basis.

Effect of Retaining Preconsruction Primer (PCP) on the Quality of High Performance Protective Coatings Systems

  • Chung, M.K.;Baek, K.K.;Lee, H.I.;Lee, C.H.;Shin, C.S.
    • Corrosion Science and Technology
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    • v.3 no.2
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    • pp.59-66
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    • 2004
  • In construction of new ships and large steel bridges in Korea, pre-construction primers (PCP), also known as shop primer, are routinely used and retained as an integral part of the protective coating system. Retention of PCP's can significantly reduce building schedule and cost. Retaining PCP through the so-called "sweep blasting" procedure eliminates or minimizes the necessity of a second blast operation, thus shortening overall schedule as well as reducing labor cost and hazardous waste disposal cost. This study evaluates the feasibility of retaining PCP as the part of primer for high performance protective coating systems applied to ships' hull, bottom and ballast tanks. Upon proving that the retention of the PCP is a viable option, the process of coating application can he improved significantly in terms of cost and working schedule of new ships and large steel bridges. Results indicate that use of the PCP via sweeping blasting in conjunction with standard high performance protective coating systems does not degrade the overall performance of the coating systems. At the same time, it is also highly recommended that the secondary surface preparation should consist of grit blasting of weld burnt and other damaged areas to SSPC SP-IO grade (Sa 2.5 Gr.), Near White Blast Cleaning with proper application and attention to detail.

A Study on Remodeling Period by Cost Analysis of Finished and Equipped Materials in Apartment Building (공동주택 내/외장재 및 설비재의 비용분석을 통한 리모델링시기 검토를 위한 연구)

  • Oh Jin-Soo;Kim Ki-Hyung;Lee Myung-Sik
    • Korean Institute of Interior Design Journal
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    • v.14 no.5 s.52
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    • pp.218-225
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    • 2005
  • In this apartment market, many apartments are being reconstructed within even less than 20 years from their first construction. This entails many problems in environmental and economical facets, for which many researches are under way in several institutions and universities. International cases show that the international trend goes for remodeling of maintenance, management, and repairing rather than new building. The purpose of this study is to investigate the factors of cost evaluation for establishing the time period of apartment based on durability of material and equipment while considering the economic feasibility of apartment, when remodeling as a concept of sustainability regarding building is being vitalized. This study investigates the proper period of remodeling in consideration of weight accruing to the LC(Life Cycle) and cost based on the standardized durability. The weight of cost, period establishment analysis, and LC according durability varies the data values of remodeling periods. The physical durability and cost from this data enable the investigation into not only the repair period of individual materials of the apartment but also remodeling period.

Demand Side Management Technologies Based On Energy Environment (에너지환경을 고려한 수요관리기술)

  • 윤갑구
    • Journal of the Korean Professional Engineers Association
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    • v.27 no.4
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    • pp.46-55
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    • 1994
  • Demand Side Management(DSM) is a system to reduce the investment cost for new power plant construction and expansion of supply facilities, power through the investment for the energy conservation and load management. In this study, the trend of the energy environment, the necessity and feasibility of DSM shall be investigated and analysed, so that this study will give a help to select and develope a proper DSM technologies for actual use.

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Bucket Actuator Pressure Control by Independent Metering Valve for Excavator (독립제어 밸브에 의한 굴삭기 버켓 액추에이터 압력제어)

  • Yang, Joo-Ho;Jung, Tae-Rang
    • Journal of Power System Engineering
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    • v.20 no.3
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    • pp.36-42
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    • 2016
  • A cylinder control system of the conventional construction machine has been controlled by hydraulic spool valves. This system is low-cost but system efficiency is not high. Recently, to improve this, all valves are controlled electronically and independently. Bu and Yao suggested four way electronic hydraulic control valve system. It is called IMVT(Independent Metering Valve Technology). The purpose of the study is to find proper IMV pressure control method for excavator and to validate excavator's bucket regeneration energy effect by controlling the IMV system. In this paper, we mathematically describe the bucket system of excavator first. And then, based on these results, we design the control system which is divided into two operations(none regeneration or regeneration).The results of the experiment show the desirable performance and usefulness of the designed control system.

A Study on the Estimation of Proper Numbers of Construction Lifts (건설 리프트의 적정 대수 산정에 관한 연구)

  • Kim, Sun-Kuk;Han, Kap-Kyu
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.3
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    • pp.119-125
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    • 2008
  • The volume of material and number of workers mobilized has been on the rise in line with the domestic projects getting higher, larger and complex currently. Particularly for the project in downtown, delivering the resources in timely manner is very crucial in carrying out the overall project as scheduled. Inappropriate lifting plan often causes inefficiency over the entire project, resulting in increase in schedule and cost. Despite of such importance of lifting plan for architectural work, lifting plans at the most of domestic projects, except a few cases for large scale high-rise buildings, have been heavily dependent on engineer's personal experience and intuition alone. To deal with such problems, the study was intended to develop and suggest a systematic and objective process for determining the lift, categorizing the lifting equipment into the two types, one for workers and another for material.

Decision Making Process for Alternative Selection of Proper Design Change in Construction Project (적정 설계변경안 선정을 위한 의시결정 지원 프로세스)

  • Lee, Jong-Sik;Chun, Jae-Youl
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.2
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    • pp.74-82
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    • 2010
  • A government agency has been announced to increase 23,663 hundred million wons by cost of design change which occurred in the pre-construction and construction phase. As design change is a phenomenon to occur by means of a characteristic of the building design that standardization is difficult, even if it is said that a perfect design is done in design phase, design change is prevented, and it is going to decrease, and there is a limit. Because there are some causes in all of the construction project, it is change order of client, relative system, unfit design and field condition, etc. In this study, we are suggested logic and basic model of the decision making support process model that it should selecting the optimal alternative through complex and quantitative analyzed: that is cost, performance and constructability as respect Owner or CMr is executing project under the CM delivery system construction project which it occurred design change.