• Title/Summary/Keyword: bid and contract stage

Search Result 11, Processing Time 0.026 seconds

A Sduty of Analyzing Claim Factor and Making Strategies to Prevent Claim in Bidding and Contracting Stage for Architectural Turn-Key Project (건축턴키공사 입찰.계약 단계에서의 클레임 예방을 위한 클레임요인 분석 및 대응방안에 관한 연구 - 국내대형건축턴키공사 사례중심으로 -)

  • 윤준선;백준홍
    • Journal of Arbitration Studies
    • /
    • v.13 no.2
    • /
    • pp.353-376
    • /
    • 2004
  • In the inner turn key constructions the problems of uniform types are repeatedly occurred, and, especially, many problems happen up to the stage of pre-construction(from a bid to a contract) owing to the specialties of the turn key constructions. So the claim factors of the Korean turn key constructions were abstracted through the literature searches, the site document examinations, the case studies and the interviews with the experts. When the technicians meeting the interior turn key constructions for the first time and working here now are well acquainted with only these factors, many claims will be prevented. By analysing the degree of claims by claims factors through the questionnaires to the experts about the abstracted factors and surveying the amount of the claims through the case studies, what factors exerted how much of influence on the claims was tested and analyzed. Proposing the response devices to the factors affecting the claims much led the technicians in charge of internal turn key constructions to the prevention and the proper solution of the site claims.

  • PDF

A Study of Analyzing Claim Factor and Making Strategies to Prevent Claim in Early Stage for Architectural Turn-key Project - Focusing on Domestic Project - (건축턴키공사 초기 단계에서의 클레임 방지를 위한 클레임요인 분석 및 대응방안에 관한 연구 - 국내공사 사례중심으로 -)

  • Yoon Jun-Seon;Yoo Byoung-Eok
    • Journal of the Korea Institute of Building Construction
    • /
    • v.6 no.1 s.19
    • /
    • pp.93-99
    • /
    • 2006
  • In the inner turn key constructions the problems of uniform types are repeatedly occurred, and, especially, many problems happen up to the stage of pre-construction(from a bid to a contract) owing to the specialties of the turn key constructions. So the claim factors of the Korean turn key constructions were abstracted through the literature searches, the site document examinations, the case studies and the interviews with the experts. When the technicians meeting the interior turn key constructions for the first time and working here now are well acquainted with only these factors, many claims will be prevented. By analysing the degree of claims by claims factors through the questionnaires to the experts about the abstracted factors and surveying the amount of the claims through the case studies, what factors exerted how much of influence on the claims was tested and analyzed. Proposing the response devices to the factors affecting the claims much led the technicians in charge of internal turn key constructions to the prevention and the proper solution of the site claims.

Review of Construction Business Intelligence Research

  • Baek, Seungwon;Han, Seung Heon;Yun, Sungmin;Jung, Wooyong
    • International conference on construction engineering and project management
    • /
    • 2020.12a
    • /
    • pp.371-380
    • /
    • 2020
  • With the 4th industrial revolution, many advanced information technologies are being applied to the area of construction engineering and project management. These applications are usually focusing on design, construction and operation stage and are producing many meaningful fruits. Even though these studies are very important for the development of the construction industry, this study insists that the other stage perspective such as construction business also should be emphasized. Because business phase has significant impacts on the success of a construction project as well as design, construction and operation phase. So, this study reviewed the intelligent-approach papers in planning and marketing, estimation and bid, contract and claim, and project financing fields. This study provides some insights such as values, difficulties, limitations and future directions of business intelligence application.

  • PDF

A Study on Analyzing Effect of Claim Factoy to Prevent Claim in Early Stage for Construction Project - Focusing on Turn-Key Project - (건설 프로젝트 초기단계에서의 클레임 방지를 위한 클레임 요인 영향도 분석에 관한 연구 - 턴키공사 사레 중심으로 -)

  • Yoon Jun-Seon;Seo Choon-Taek
    • Journal of Arbitration Studies
    • /
    • v.15 no.1
    • /
    • pp.95-112
    • /
    • 2005
  • In the inner turn key constructions the problems of uniform types are repeatedly occurred, and, especially, many problems happen up to the stage of pre-construction(from a bid to a contract) owing to the specialties of the turn key constructions. So the claim factors of the Korean turn key constructions were abstracted in antecedent paper. When the technicians meeting the interior turn key constructions for the first time and working here now are well acquainted with only these factors, many claims will be prevented. By analysing the degree of claims by claims factors through the questionnaires to the experts about the abstracted factors and surveying the amount of the claims through the case studies, what factors exerted how much of influence on the claims was tested and analyzed. Studying and Managing the factors affecting the claims much led the technicians in charge of internal turn key constructions to the prevention and the proper solution of the site claims.

  • PDF

An Effective Analysis and Management of Technical Risk to Turn-key based Plant Construction Contracts using Systems Engineering (시스템엔지니어링을 이용한 턴키방식 플랜트 건설계약의 기술적 위험요인 효과적 분석 및 관리)

  • Hong, Dae Geun;Byun, Hee Chul;Suh, Suk-Hwan
    • Journal of the Korean Society of Systems Engineering
    • /
    • v.10 no.2
    • /
    • pp.59-69
    • /
    • 2014
  • In the bidding stage of turn-key based plant construction contracts, owners provide design and performance basis for contractors instead of giving design drawing. To win the bid for a plant construction, the contractors should be obliged to satisfy and ensure owners'requirements such as design and performance basis in a plant construction project, In other words, owners imposes technical risk of the design to the contractors by specifying responsibility for the analysis and verification of the plant construction. Thus, it is very important that contracters make accurate and realistic basic design plan in a short period of time. To deal with such a situation, we propose a systems engineering approach for the analysis and management of the technical risk. Specifically, we first: 1) Analyzes technical risk related with the plant design information for the bidders, followed by 2) Developing stakeholder requirements for the basic engineering design, and 3) System requirements for dealing with technical risk. Also, in this paper, we proposed converting method from MOE(Measure of Effectiveness) to MOP(Measure of Performance) in the risk analysis. To show the effectiveness of the proposed method, we carried out a case study.

An Analysis of the Importance of the Risk Factors Influencing the Calculation of the Subcontract Construction Bidding Cost (건설공사 하도급 입찰단가 산정에 영향을 미치는 리스크 요인의 중요도 분석)

  • Lee, Sung-Goo;Park, Tae-Keun
    • Korean Journal of Construction Engineering and Management
    • /
    • v.8 no.2
    • /
    • pp.109-117
    • /
    • 2007
  • The construction environment has the trend of oversizing and professionalizing, the increase of the construction period, and the risk factors and the uncertain factors which are important in the construction bid. The misunderstanding and the lack of knowledge of the subcontractor result in the decrease of the profit or the deficit. In conclusion, these are supposed to give the financial burden to the subcontractor. So, it is very important to predict the construction preparation cost calculation by the risk factors in the bidding stage and to calculate the bid unit cost considering the target profit of the subcontractor in the process of the mutual agreement and performance of the contract. In these points of view, this study analyzes how the importance of the risks influencing the bidding cost calculation affect the construction cost, and this analysis can be used as the basic data to establish the suitable bid strategy of the subcontractor.

Construction Delay Risk and its Prevention Measures

  • Acharya, Nirmal Kumar;Lee, Young-Dai;Im, Hae-Man
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2006.11a
    • /
    • pp.268-270
    • /
    • 2006
  • The purpose of this paper was to explore delay avoiding measures and strategies. The paper was based on previous work of authors on finding delay causes. Firstly, the paper has discussed about delay avoidance measures prescribed by the previous work. As the previous study identified five main causes of construction delays, various measures and strategies to overcome those delay problems have been discussed in sequence in the last sections. Major delay prevention strategies are: involving stakeholders in the project decisions, outreach program, realistic time and resource estimation, try to adjust the triple constraints of time, cost and scope, ensure fair and complete disclosure of information at an early stage of the construction project, contractor, itself should inquire about patent design errors prior to submitting its bid, owner should include in its contract with the consultant an indemnity (protection) clause etc.

  • PDF

Development of Checklist to Prevent Claim through Dispute Case Analysis of Public Construction Projects (공공공사의 분쟁사례 분석을 통한 클레임예방 체크리스트 개발)

  • Shin, Chang-Joon;Kim, Yoon-Kyum;Cho, Kyu-Man;Hyun, Chang-Taek;Hong, Tae-Hoon
    • Korean Journal of Construction Engineering and Management
    • /
    • v.12 no.1
    • /
    • pp.13-22
    • /
    • 2011
  • Many studies on cause and prevention of claim have been carried out but they were mostly intended to come up with the improvement measures, improvement system or the measures to deal with the claim, which consequently lacked the substantial ways to identify the details of claim for prevention purpose. That is, there's in fact no tool, in preparation for potential claims, to identify and review the major potential causes at design stage to mitigate the claim and thus, it's necessary to develop the tool such as checklist needed to prepare the claim-supporting documents, check the relevant laws as well as to identify the cause of claim. Hence the study, given the fact that cause of claim is mostly generated at the design stage though the claim itself tends to occur at the construction stage, was aimed at developing the checklist based on contract document such as design documents at design stage for public construction projects in a bid to prevent the potential claim occurred at the design stage.

Research on ITB Contract Terms Classification Model for Risk Management in EPC Projects: Deep Learning-Based PLM Ensemble Techniques (EPC 프로젝트의 위험 관리를 위한 ITB 문서 조항 분류 모델 연구: 딥러닝 기반 PLM 앙상블 기법 활용)

  • Hyunsang Lee;Wonseok Lee;Bogeun Jo;Heejun Lee;Sangjin Oh;Sangwoo You;Maru Nam;Hyunsik Lee
    • KIPS Transactions on Software and Data Engineering
    • /
    • v.12 no.11
    • /
    • pp.471-480
    • /
    • 2023
  • The Korean construction order volume in South Korea grew significantly from 91.3 trillion won in public orders in 2013 to a total of 212 trillion won in 2021, particularly in the private sector. As the size of the domestic and overseas markets grew, the scale and complexity of EPC (Engineering, Procurement, Construction) projects increased, and risk management of project management and ITB (Invitation to Bid) documents became a critical issue. The time granted to actual construction companies in the bidding process following the EPC project award is not only limited, but also extremely challenging to review all the risk terms in the ITB document due to manpower and cost issues. Previous research attempted to categorize the risk terms in EPC contract documents and detect them based on AI, but there were limitations to practical use due to problems related to data, such as the limit of labeled data utilization and class imbalance. Therefore, this study aims to develop an AI model that can categorize the contract terms based on the FIDIC Yellow 2017(Federation Internationale Des Ingenieurs-Conseils Contract terms) standard in detail, rather than defining and classifying risk terms like previous research. A multi-text classification function is necessary because the contract terms that need to be reviewed in detail may vary depending on the scale and type of the project. To enhance the performance of the multi-text classification model, we developed the ELECTRA PLM (Pre-trained Language Model) capable of efficiently learning the context of text data from the pre-training stage, and conducted a four-step experiment to validate the performance of the model. As a result, the ensemble version of the self-developed ITB-ELECTRA model and Legal-BERT achieved the best performance with a weighted average F1-Score of 76% in the classification of 57 contract terms.

A Study on the status and improvement of construction management through the Accomplishment instance DeaHakRo Complex cultural space (대학로 복합문화공간 수행사례를 통한 건설사업관리 향후 발전 방향에 관한 연구)

  • Moon, Youn-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2008.11a
    • /
    • pp.419-423
    • /
    • 2008
  • The necessity of specialized and systematic management has been a tendency to accomplish the goal of business efficiently according the trend of construction industry has become bigger, complicated and specialized as well as Placing an order of CM(Construction Management) Service has been Increased because it made viable and positive effect. Institutional plan is necessary CM application from planning, realistic estimation of CM service charge, converting understanding among paticipants for the business and inducing specialization through certifyizing CM qualification to develop CM. But, it makes some realistic and unexpected pro41ems in the middle of step-by-step CM management for doing its business. So we need to consider a measure. This study suggests problems in practical a)fairs and improved idea that it summarized each stage of a bid for CM, planning, construction contract. It shows direction to take root successfully and develop.

  • PDF