• Title/Summary/Keyword: construction cost estimation

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A Study on the Development of Work-Crew based Daily-Productivity for Representative B.O.Q Item in Road Project (도로공사 대표공종의 생산성 정보 개발에 대한 연구)

  • Seo, Ji-Hyeong;Park, Hyung-Keun
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.6
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    • pp.42-53
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    • 2011
  • This study is to present a method of compiling consistently accurate construction cost estimates in minimum of time. There are two kind of applications for estimating system based on quantity-per-unit and the daily work-crew. The former system is still applied 45% as a estimating method to construction job site by the second half of 2010. However, it is necessary for quantity-per-unit to complement the defect of standard integrating specification and improve the integrating method to the various construction conditions. The later system is intended to represent a standard or basic core which can be adopted in many type of construction estimating used across the wide variety of construction in advanced countries. In this study daily work-crew based on productivity is applied to the representative B.O.Q Item in road project. These results are compared to productivity of Japan and U.S.A estimated under the similar circumstances.

Construction Materials Management System Based on Web Database (웹 데이터베이스 기반의 건축자재 관리 시스템)

  • Mun, Ji-Youn;Hwang, Suk-Seung
    • The Journal of the Korea institute of electronic communication sciences
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    • v.12 no.1
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    • pp.195-200
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    • 2017
  • Due to the rapid development of Internet technology, qualities of Web services are steadily improving and the Web database systems are actively employed to efficiently manage proper informations in various fields. In this paper, we propose a Web database system for the efficient material management for reusing construction materials. The proposed Web-based management system is operated using the spring framework, after constructing a database based on the collected data including tag ID, Location, Material, State, and Cycle, using the RFID(: Radion Frequency IDentification) system equipped with a location estimation module. Recently, the processing problem for a large amount of the residues generated at the demolition stage of various buildings is magnified in the construction site. The proposed Web-based construction material management system is expected for improving the processing problem as increasing the reusability and for reducing the construction cost as efficiently managing the construction materials for the reuse.

3D Architecture Modeling and Quantity Estimation using SketchUp (스케치업을 활용한 3D 건축모델링 및 물량산출)

  • Kim, Min Gyu;Um, Dae Yong
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.7 no.6
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    • pp.701-708
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    • 2017
  • The construction cost is estimated based on the drawings at the design stage and constructor will find efficient construction methods for budgeting and budgeting appropriate to the budget. Accurate quantity estimation and budgeting are critical to determining whether the project is profitable or not. However, since this process is mostly performed depending on manpower or 2D drawings, errors are likely to occur and The BIM(Build Information Modeling) program, which can be automated, is very expensive and difficult to apply in the field. In this study, 3D architectural modeling was performed using SketchUp which is a 3D modeling software and suggest a methodology for Quantity Estimation. As a result, 3D modeling was performed effectively using 2D drawings of buildings. Based on the modeling results, it was possible to calculate the difference of the quantity estimation by 2D drawing and 3D modeling. The research suggests that the 3D modeling using the SketchUp and the calculation of the quantity can prevent the error of the conventional 2D calculation method. If the applicability of the research method is verified through continuous research, it will contribute to increase the efficiency of architectural modeling and quantity Estimation work.

Behavior Characteristics of Cement Bentonite Impervious Walls Related to Mixing Methods and Curing Time (강화벤토나이트 차수벽체의 배합방법 및 양생일에 따른 거동 특성)

  • Hwang, Jungsoon;Kim, Seungwook;Jung, Jungi;Lee, Seungjoo;Oh, Byeungsam;Baek, Seungcheol
    • Journal of the Korean GEO-environmental Society
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    • v.17 no.12
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    • pp.45-54
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    • 2016
  • In this study, the construction method of new underground continuos impervious wall that the bentonite slurry keeps the stability of excavated trench and the mixture of cement and bentonite plays a role as a constituent of impervious wall in the trench. The merit of homogeneity of the method so called as a cement-bentonite slurry wall enables to accurately make an estimation of hydraulic conductivity of the walls compared with that by other general grouting methods and to verify their waterproof efficiency without difficulty at the design stage. The use of cement-bentonite slurry walls for the containment of groundwater flow has also proven a cost-effective impervious wall technology by employing the simple combination of construction equipments and easy and fast construction procedures. The engineering characteristics of cement-bentonite impervious wall obtained by carrying out the laboratory experiments under various conditions. This study reveals the effect of variation of constituent materials and their mixing methods (Water-Cement-Bentonite) on the engineering characteristics of a composition. Also, this study makes some recommendations on the optimum mixing ratio and mixing sequence for the best quality at the site. That is the most important factors to estimate the construction cost and design of the technique. The comparison is lastly made to evaluate the effect of ordinary Portland and blast furnace slag cement as a bonding material on the behavior of impervious walls.

Simulation-Based Stochastic Markup Estimation System $(S^2ME)$ (시뮬레이션을 기반(基盤)으로 하는 영업이윤율(營業利潤率) 추정(推定) 시스템)

  • Yi, Chang-Yong;Kim, Ryul-Hee;Lim, Tae-Kyung;Kim, Wha-Jung;Lee, Dong-Eun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2007.11a
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    • pp.109-113
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    • 2007
  • This paper introduces a system, Simulation based Stochastic Markup Estimation System (S2ME), for estimating optimum markup for a project. The system was designed and implemented to better represent the real world system involved in construction bidding. The findings obtained from the analysis of existing assumptions used in the previous quantitative markup estimation methods were incorporated to improve the accuracy and predictability of the S2ME. The existing methods has four categories of assumption as follows; (1) The number of competitors and who is the competitors are known, (2) A typical competitor, who is fictitious, is assumed for easy computation, (3) the ratio of bid price against cost estimate (B/C) is assumed to follow normal distribution, (4) The deterministic output obtained from the probabilistic equation of existing models is assumed to be acceptable. However, these assumptions compromise the accuracy of prediction. In practice, the bidding patterns of the bidders are randomized in competitive bidding. To complement the lack of accuracy contributed by these assumptions, bidding project was randomly selected from the pool of bidding database in the simulation experiment. The probability to win the bid in the competitive bidding was computed using the profile of the competitors appeared in the selected bidding project record. The expected profit and probability to win the bid was calculated by selecting a bidding record randomly in an iteration of the simulation experiment under the assumption that the bidding pattern retained in historical bidding DB manifest revival. The existing computation, which is handled by means of deterministic procedure, were converted into stochastic model using simulation modeling and analysis technique as follows; (1) estimating the probability distribution functions of competitors' B/C which were obtained from historical bidding DB, (2) analyzing the sensitivity against the increment of markup using normal distribution and actual probability distribution estimated by distribution fitting, (3) estimating the maximum expected profit and optimum markup range. In the case study, the best fitted probability distribution function was estimated using the historical bidding DB retaining the competitors' bidding behavior so that the reliability was improved by estimating the output obtained from simulation experiment.

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A Study on prioroty estimation of GIS cost Using Analystic Hierarchy Process(AHP) (계층분석법을 이용한 GIS 사업추진시 분야별 비용 중요도 우선 순위 평가에 관한 연구)

  • Heo, Yong;Kim, Jung-Ok;Yang, Sung-Chul;Yu, Ki-Yun
    • Journal of Korean Society for Geospatial Information Science
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    • v.10 no.3 s.21
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    • pp.99-105
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    • 2002
  • In 1995 of May, the Ministry of Construction and Transportation (NOCT) developed the First Nation-wide Master Plan of GIS. It is set up in response to an increasing and various demands on spatial informations. Until now, a set of diverse projects related to spatial information have been proposed and executed. However, cost-benefit analysis of investment and decision making for alternatives have not been carried out appropriately because scientific evaluations for obtaining efficiency and economical validity of investment have been deficient. Optimum decision making for projects based on itemized priority order using effect or cost of proposed alternative plan is a fundamental expedient for demonstration of propriety of projects and enhancement of efficiency of investment. From such understanding, this paper applied the analytic hierarchy process (AHP) technique to the cost required to construct a GIS so that analyze the weight of each cost factor.

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Analysis and Quantitative Estimation of Risk Factors of Design-Build (턴키 프로젝트에서 리스크요인 분석 및 정량적 평가)

  • Oh, Guk-Yeol;Lee, Young-Dai
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.5
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    • pp.12-24
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    • 2012
  • The Risks in undertaking a construction project comes from many sources and often involves many participants in the project. This study has identified various kinds of risks, assessed the risk factors quantitatively and suggested risk management method for response pertinent in Design Build(Turn Key)type of projects in Korean context. A questionnaire was designed comprising of 145 possible risks in all types of construction projects. The population from owner, consultant and contractor groups was asked to indicate the risks applicable in DB projects. 25 numbers of critical risks in DB projects were identified and further analyzed for reveling inherent relationship between them through factor analysis. Factor analysis revealed 8 risk factors in DB projects. Construction site related, contract related and design related risk factor consisted about 72% of total risk weight. It has been found out about 6%, while considering the mutual dependency, it is about 10% of total cost of DB project. Therefore, It is suggested that 6% to 10% of construction amount as contingency has to be made provision for risk responses in the DB projects.

Application of Real Option based Life Cycle Cost Analysis for Reflecting Operational Flexibility in Solar Heating Systems (실물옵션 기반의 LCC분석을 통한 태양열난방시스템의 운영유연성 반영 방안)

  • Choi, Ju-Yeong;Kim, Hyeong-Bin;Son, Myung-Jin;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.4
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    • pp.70-79
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    • 2015
  • With the rise of the interest in a renewable system, the importance of the Life Cycle Cost Analysis(LCCA), an economic evaluation tool, has been increasing. However, there is an inevitable gap between a real cost and an estimation from LCCA because of the uncertainty of the external environment in real world. As the input variables in an analysis, such as a real discount rate and an energy cost, ares subject to change as time goes by, strategic decision on the current operating system is made depending on the real cost. Current economic evaluation approaches have treated only the fluctuation of input variables without consideration of the flexibility in operation, which has consequently led to the impairment on the reliability of LCCA. Therefore, new approach needs to be proposed to consider both the uncertainty of input variables and operational flexibility. To address this issue, the application of the Real Option to LCCA is presented in this study. Through a case analysis of LCCA of a solar heating system, the limits and current status of LCCA are identified. As a result, quantitative presentation of strategic decisions has been added in the new approach to implement the traditional approach.

Satisfaction Level and Performance Evaluation for CM Service in Korea (국내 건설사업관리 업무만족도 및 성과평가)

  • Kim, Won-Tae;Chang, Chul-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.4
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    • pp.108-117
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    • 2013
  • The domestic CM business market has continued to grow, but its size is relatively small yet in comparison with the total size of the domestic construction industry. Evaluation of CM projects was conducted through questionnaire surveys. Both clients and CM firms showed positive satisfaction levels. Nevertheless, the clients' satisfaction levels were relatively low in safety management, cost management, and document and information management. Superior areas of CM tasks were time management and recovery scheduling, quality control and technical instruction, and design value engineering. On the other hand, inferior areas of CM tasks were claim analysis and dispute resolution, cost estimation, and life cycle costing. Both entities have agreed with the positive effects of CM involvement in terms of cost saving, time reduction, quality improvement, and safety incidents prevention to at least 0~5% extent.

The Development of Assessment Method for Parking Lot Remodeling Alternative Adopted Asset Management Technique (자산관리 기법을 적용한 주차장 리모델링 대안평가 기법 개발)

  • Yu, Yongsin;Lee, Chansik
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.3
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    • pp.52-62
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    • 2017
  • The purpose of this study is to develope an assessment method for parking lot remodeling alternative by adopting the asset management technique. In order to identify the Level of Service(LOS) and the Evaluation Measurement(EM), literatures was implemented which documented the consideration of parking lot plan, needs of the apartments' tenant, and various design standards. In addition, the authors conducted a three-time delphi survey for the identified 5 LOS and 19 EM to evaluate suitability and necessity of them and to collect additional opinion of experts. The LOS of parking lot were categorized into 5 areas such as Environmental effect and Convenience, Accessibility and so on. The 19 EM were determined to estimate the LOS quantitatively. The researchers analyzed the degree of importance of LOS and EM by using the Analytic Hierarchy Process (AHP) method. But construction cost was excepted from the analysis, because it is used as an independent variable in alternative assessment. In conclusion, the authors proposed the estimation criteria for EM, and the method and process for alternative assessment be performed to benefit-cost analysis using the LOS variation and construction cost. The assessment method for parking lot remodeling alternative was demonstrated effective to assess the parking lot remodeling alternative by case-study. This study has a academic significance by adopting the asset management techniques in the area of the parking lot remodeling. And the assessment method is expected to help deciding a reasonable remodeling alternative of parking lot, as it ensures the diversity for remodeling of the parking lot and reflects the needs of the occupant.