• International conference on construction engineering and project management
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• 2009.05a
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• pp.1242-1247
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• 2009

The sudden changes in the construction market and the progressively intensifying price wars have amplified the importance of the construction cost estimation in the initial and planning phases of construction projects. However the methodologies and process of estimating construction cost in the planning and design phase are not standardized in the domestic market, in contrast to the markets of more developed countries. Therefore this paper proposes a new approximate estimation model to be used from the initial stages of construction projects. This methodology that extracts, modifies and synthesizes comparable elements of previous cases. This will introduce the foundation for the implementation of systems with improved usability and applicability.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.289-293
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• 2015

The construction industry has been evolving with the development of information technology. According to this trend, the current industry changes from 2d drawings to Building Information Modeling(BIM). Current studies on the BIM-based estimation have problems such as Quantity Take-Off(QTO) specificity toward a particular software, the uncertainty of the amount in accordance with the model quality. These studies focus on QTO based on BIM rather than schematic estimation. In addition, studies on the connection with the QTO and unit cost for schematic estimation are insufficient. The purpose of this study is to propose schematic estimation process by utilizing construction codes and QTO in architectural object BIM libraries. Construction codes are classified in detail in order to input codes inside each. This study has connected unit cost and construction classification codes that obtain from BIM model. The results of this study will be helpful in decision-making and communication for schematic estimation of the design phase. It will improve the efficiency and reliability problems of existing schematic estimation.

• Proceedings of the KIEE Conference
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• 2005.07e
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• pp.37-39
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• 2005

When we have been estimated construction costs, till now, we are used to costs accumulating method of each items based on standard labors rates. But there are some problems of its methods. Our governments are applied to a historical construction costs estimation system for building construction and civil engineering works from January 2004. The electrical construction works are forecasted that applied to historical construction cost estimation systems. This paper is showed to development of electrical construction cost index for estimation of historical costs and contract prices.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.05a
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• pp.138-139
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• 2015

Human productivity of Boring Machine for stack is provided but not its hourly workable quantity(Q-value) in the Equipment ownership cost and expenses section of the Poom-Same that is used for construction cost estimation of public sectors in Korea, which leads to less realistic and subjective estimation for the works. The optimized Q-value of the machine is proposed as a result of thorough investigation into many of its operations.

• International conference on construction engineering and project management
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• 2017.10a
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• pp.133-137
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• 2017

Nuclear power plants in Korea are usually built based on a duplicated model; so the project cost data of the preceding unit can be used as reference when estimating the project cost for the succeeding unit. However, since the contracting method is oriented towards the price, empirical factors such as making top-down estimations using the reverse calculation method based on the completion cost of the preceding unit is dominant. In order to develop a project cost database to resolve such problems, the detailed cost boundary of the project cost data must be categorized by project and by system. This study proposes a method to connect the code of account with the base quantities and the IAEA account, and proposes a database structure for the development of a project cost estimation system. The estimation system developed in the future is expected to utilize the proposed project cost data structure.

• Journal of the Korean Professional Engineers Association
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• v.18 no.1
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• pp.33-43
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• 1985

• Proceedings of the Korean Institute of Building Construction Conference
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• 2019.05a
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• pp.250-251
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• 2019

Lots of infrastructures have been newly constructed through the rapid economic growth of 1970's. Since the infrastructures has mostly deteriorated and this circumstance makes the need for maintenance and rehabilitation(M&R) of infrastructures to obtain the convenience and safety of users even more essential. Although markets for M&R project become larger, the construction standards for cost estimation of M&R work are insufficient. Thus, the purpose of this study is to examine the present state of standards for cost estimation of M&R works using case studies. Finally, this work could be utilized as the basis for the development of national standard for estimation of M&R work.

• Korean Journal of Construction Engineering and Management
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• v.12 no.2
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• pp.81-88
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• 2011

Providers haven't recently had a flexible construction cost estimation system to meet various needs of consumers about public housing. So the subject of this study is to estimate construction cost reasonably in early project stage of public housing and then develop reliable means which is able to support construction cost management and establish a adequate funding investment plan as a provider. In this study, Regression analysis was performed by the case on 20 public apartment complex which were designed from the first half of 2007 to the first half of 2008. A total construction cost of construction, civil engineering, machinery, elevator, land scape, electricity and communication work was used as one sample for increasing explanation and representativeness of the case. In addition, The total construction cost which is devided into design, contract and completion cost was variously analysed for increasing relevance of model and actual utilization. The result of estimation model based on a total construction cost set up completion and design cost showed that error rate is within 2%, which is a excellent result. The estimation model of the construction cost developed by this study is expected to estimate approximate construction cost which is adjacent real construction cost in early stage of the project by using some data.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.417-424
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• 2009

For a construction project to progress smoothly, effective cost estimation is vital, particularly in the conceptual and schematic design stages. In these early phases, despite the fact that initial estimates are highly sensitive to changes in project scope, owners require accurate forecasts which reflect their supplying information. Thus, cost estimators need effective estimation strategies. Practically, parametric cost estimates are the most commonly used method in these initial phases, which utilizes historical cost data (Karshenas 1984, Kirkham 2007). Hence, compilation of historical data regarding appropriate cost variance governing parameters is a prime requirement. However, precedent practice of data mining (data preprocessing) for denoising internal errors or abnormal values is needed before compilation. As an effort to deal with this issue, this research proposed a statistical methodology for data preprocessing and verified that data preprocessing has a positive impact on the enhancement of estimate accuracy and stability. Moreover, Statistically Preprocessed data Based Parametric (SPBP) cost models are developed based on multiple regression equations and verified their effectiveness compared with conventional cost models.

• Land and Housing Review
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• v.2 no.4
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• pp.415-427
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• 2011

This study is aiming at estimating the demolition cost of deterioration housing by the rational method in order to provide for the demolition and new build project of the rental multi-family housing of LH. We investigated the actual state of demolition construction and work process of small size housing, and analysed an actual condition of estimation for the demolition cost through an advice by the expert of construction cost estimate. Furthermore, the 'estimation standard for the predetermined amount', 'estimation standard for the disposal cost of construction wastes' and precedent studies in public construction work were considered. As one of results in this study, cost accounting system, breakdown system and construction cost for the demolition work based on the standard of estimate were proposed and the predetermined amount of demolition construction for the multi-family housing with 2 or 3 floors could be produced by them. Eventually, It is estimated that the demolition cost per a multi-family housing is about 18,331,000(won) and 104,000(won) per floorage($m^2$). To the details, the result indicated that the direct demolition cost needs about 14,339,000(won) per a multi-family housing and the consignment disposal cost of wastes needs 3,992,000(won) per one. The results of the study will be used as the fundamental data to estimate the project cost in the phase of budget establishment for demolition and new build project of the deteriorated rental multi-family housings, and also cost accounting system of demolition construction and breakdown system are expect to be used effectively at the ordering of public construction work.