• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.137-138
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• 2012

Domestic construction materials market was about 65 trillion won and it occupied 45% level of total construction cost by 2007. In addition, due to the recent rapid rise of crude oil and iron ore price, fluctuation of raw material cost has a great influence to the cost of construction industry. This means that smooth performance is closely related to construction materials. And among them, because of high putting rate of metal materials, it can be seen that the fluctuation of metal material prices is an important variables. So in this study, for the pre-study to analyze the impact of metallic material prices to construction cost, the researcher analyzed a causal relationship between metal material prices and construction cost.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2016.10a
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• pp.71-72
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• 2016

Most of studies on PC method aim at the structural analysis and development of PC members, and studies on the construction management aspect are insufficient. Therefore, this study tries to investigate 'hallow PC column composite method(HPC composite method)' from the viewpoint of construction management and analyze the construction cost of the composite method. On the assumption that each comparative method was applied to the zone, the difference in construction cost between the two methods was analyzed. As a result, HPC composite method increased the initial investment cost because of its factor technology, but reduced transport cost, lifting cost, and installation cost through lightweight columns. This study analyzed only the difference in construction cost of HPC composite method so that it has the limitation in evaluating its economy. Therefore, to evaluate the economy of HPC composite method, it is considered to research more the construction cost of HPC composite method.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.11a
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• pp.209-212
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• 2009

The Development of Cost Management is embossed efficiently to use the budget for the construction industry. The government is exploring every efforts and polices to control increasing the budget for the construction industry. However, despite of the government's efforts, researches are insufficient for a cost management of development. Also, the changed cost of construction by frequent plan change is caused of decline in quality etc during an accomplishing project. Therefore, in this study, analyzed about principal official phase of design phase to solve the problem. In order to define clearly the target cost concepts in the planning phase apply to the DTC(Design To Cost) concept and technique at the development of cost management process which will be able to manage the enterprise expense. It's process is expected with the fact that will be the possibility efficiently of fixing target cost in the planning phase by the construction client and designer.

• Korean Journal of Construction Engineering and Management
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• v.2 no.2 s.6
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• pp.81-89
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• 2001

Construction industry has particular properties of non-continuity of production, and non-stability of market comparing to other industries. Because of them, the practical construction cost is more difficultly recognized than in manufacturing industry, so, that is various according to many projects. Therefore, it is very hard work to standardize construction cost, and it is worthy of analyzing and measuring exactly construction cost. On this study, the trouble in producing expected construction cost with original cost calculation method is progressed by the data of cost items in complete works. On the basis of analyzing data, as expected cost of practical construction is measured, it can be referred to the method and the standard of indirect labor cost rate in construction.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.908-912
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• 2005

Construction Cost Indices are values for measuring fluctuations in direct construction costs which include material costs, labor costs, and equipment costs for construction operations. In Korea, Korea Institute of Construction Technology (KICT) has been assessing and announcing these indices since January, 2004. The main goals of this paper are to look over the calculation process for those indices and then present the trend in construction costs according to the types of facilities with the past construction cost index data. Also, this paper traces the origin of the occurrence of significant changes on those indices through the further analysis of the trend. In addition, this paper shows the practicality of the indices and the way how to put them to practical use. An alternative estimate method using the indices is suggested for compensating the changes of construction costs caused by price fluctuations.

• Journal of the Korea Institute of Building Construction
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• v.9 no.1
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• pp.65-73
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• 2009

Looking at current construction costs estimations of publicly declared public works, there are many instances where estimation criteria are ambiguous and doesn't imply the reality. Up to date, estimation criteria for calculating construction cost estimations are simply by unit area multiplication and stochastic construction cost estimation. However, possibility of making errors are high due to using uniform data that excludes each public work's specifications and environmental conditions. Further, on the aspect of cost management, there is certain limitation in the efficiency of cost management in order-placing stage and commencing-work stage; while efficient cost management and reduction of expenses are highly possible during initial stages of the project. In this respect, the paper adopts positive approach with regards to construction cost estimations of public works and draws common elements from calculation tables of the construction cost estimations from 3 completed domestic construction works; after which, the paper analyzes whether business exposition, construction guide and publicly-declared estimated construction costs that the orderer issued are calculated economically and properly; deducing problems in the process, the paper seeks to recommend rational calculation method on this.

• Korean Journal of Construction Engineering and Management
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• v.4 no.4 s.16
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• pp.212-219
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• 2003

In construction project planning and control, a cost model performs a critical role such as cost determination on a contract stage and cost tracing. The model can maximize owner's profit and value within the project budget and optimize cost management works on overall construction implementation stages. A BoQ(Bill of Quantities) generally adopted in a unit price contract has been applied as an important tool for cost control and forecast. However a previous cost model based on the BoQ has shown limitations in that it requires too detailed information and heavy manpower on cost management and difficulty in keeping relationship with construction planning, scheduling and progress management. The each cost items and unit prices which constitute of construction works are individually very important management factors but the relative weight for each items and prices have a difference on the contents and conditions of each conditions of each construction works. In consideration of this structural mechanism of cost determination, this research is aimed at examining the critical factors affecting the construction cost determination and propose and verify a new cost forecasting model which is more simple and efficient and also keeps the accuracy of cost management.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2023.05a
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• pp.339-340
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• 2023

Steel construction is one of the commonly used methods in building construction due to its efficiency in terms of time and cost. In particular, the top-down method using steel frames is widely used in the construction of underground structures in urban areas to shorten the construction period. However, there is currently no standardized cost estimation for subway steel frame construction in Korea, causing difficulties in determining the expected cost. In this study, we aim to provide basic data for establishing a cost estimation standard for subway steel frame construction through on-site surveys of subway steel frame construction commonly used in urban areas.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1223-1230
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• 2009

In the construction industry, Case-Based Reasoning (CBR) is considered to be the most suitable approach and determining the attribute weights is an important CBR problem. In this paper, a method is proposed for determining attribute weights that are calculated with attribute relation. The basic items of consideration were qualitative and quantitative influence factors. These quantitative factors were related to the qualitative factors to develop a Cost Drivers-structural equation model which can be used to estimate construction cost by considering attribute weight. The process of determining the attribute weight-structural equation model consists o 4 phases: selecting the predominant Cost Drivers for the SEM, applying the Cost Driers in the SEM, determining and verifying the attribute weights and deriving the Cost Estimation Equation. This study develops a cost estimating technique that complements the CBR method with a Cost Drivers-structural equation model which can be actively used during the schematic estimating phases of construction.

• Current Research on Agriculture and Life Sciences
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• v.26
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• pp.31-43
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• 2008

Introduction of construction cost estimating system is necessary to promote appropriate reflection of construction cost and simplified and efficient amount work. The results of this study are as follows. In the results of considering the basic concept and composition of a construction type estimating system, an example orders are concentrated on an apartment house in the country. The building appurtenant work of extension work is high(1.52) as compared with others. In regression analysis for a construction cost, the models are as follows. In a new construction work, (construction cost)=$12,004.8+4.09{\times}$(building area), and in extension work, (construction cost)=$-121.9+4.50{\times}$(building area). Accordingly, this study wishes to compare and analyzes main contents of original cost method and results cost method, and propose predetermined amount estimation device through existent literature study investigation for accumulation of the construction cost.