• Title/Summary/Keyword: construction cost estimation

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A Program for Calculating Earth Works by Railway Route Selection (철도노선 선정에 따른 토공량 산출 프로그램 개발)

  • Lee, Dong-Wook;Jee, Sang-Bok;Lee, Tai-Sik
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.1168-1173
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    • 2004
  • The alignment design is one of the most influencing elements in earth work for the railway design. The amount of earth work mostly depends on the route, and the construction cost for railway construction largely depends on it. For this reason. it is necessary to develop a program for the construction cost estimation by route alternatives. This study introduces a program for the estimation of the earth work amount including the logics and the way to use.

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A Study on Estimating Method for Actual Unit Cost Based on Bid Prices in Public Construction Projects (시설공사 입찰단가를 활용한 실적단가의 산정 방안에 관한 연구)

  • Kang, Sang-Hyeok;Park, Won-Young;Song, Soon-Ho;Seo, Jong-Won
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.5
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    • pp.159-166
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    • 2006
  • It was found that Korean Standard of Estimate which has been used as the only basis of cost estimate of public construction projects had some side effects such as jerry-build construction and over-estimation because it failed to reflect the current price and the state-of-the-art construction methods in a changing construction environment. Therefore, the government decided to gradually introduce historical construction cost into cost estimate of public construction projects from 2004. This paper presents analytic criteria and a process model for deducing more current and reasonable historical construction cost for contract items from not only previous contract prices but also all of the other bid prices that were not contracted. The procedure of estimating actual unit cost proposed in this paper focuses on the removal of abnormal values including strategically too low or high prices and the time correction. In addition, basic research is conducted for the correction of actual unit cost through the analysis of fluctuation of bid price depending on bidding types and rates of successful bid. It is anticipated that the effective use of the proposed process model for estimating actual unit cost would make the cost estimation more current and reasonable.

Object & Parameter based Schematic Estimation Model for Predicting Cost of Building Interior finishings (오브젝트-파라미터기반 건축마감공사비 개산견적 모델)

  • Koo, Kyo-Jin;Park, Sung-Ho;Park, Sung-Chul;Song, Jong-Kwan
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.6
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    • pp.175-184
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    • 2008
  • For deciding the profitability and feasibility of the construction project, the schematic estimation has to not only link the design decision-making but also estimate the cost with reliability. The prototype-based schematic estimation system was developed for easily linking with design-making and supports to evaluate the design alternatives in the design development stage but didn't consider the cost estimated by parameter and additional work items by users. This research presents the object-parameter based schematic estimation model in the design development stage that can lead to accurately estimate the cost by using historical data from the high-storied office buildings. For the development of the proposed model for schematic estimation, after analyzing and classifying the work items from the Bills of Quantities(BOQs) and drawings of historical data, this research proposed the methods of estimating cost in accordance with attributes of each work item. In addition, a case study is performed for the effectiveness as comparing the previous estimating method with the proposed model.

The Conceptual Cost Estimate Model on Preliminary Design Phase for RC Rahmen Bridge (RC라멘교의 기본설계단계 개략공사비 산정모델)

  • Kim, Byung-Soo;Kwon, Suk-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.2
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    • pp.111-120
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    • 2009
  • The conceptual cost estimation used the construction project needs for confirm budget not only at the planning phase but also at the preliminary design phase of the construction project. Present, the conceptual cost estimation model have problems the rate of error is very large because the linear simple model calculate by use the cost of the unit meter or the unit square. This study development the model used grouping and the key quantity method, the mixed unit cost for solve problem of the very large rate of error. The result of this study reduced difference of between the real design construction cost therefor it expect that contribute to the client or the service company estimate budget of RC rahmen bridge.

Characteristics of Modernized Hanok for development Estimate system. (개략견적 기법 개발을 위한 신한옥 특성 분석)

  • Kim, Hyo-Sun;Jung, Young-Soo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.124-125
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    • 2013
  • The purpose of this research is to propose an approximate estimation system for Modernized Hanok. Mock-up (Jisinjae) site data has been collected and analysed to characterize the modernized Hanok and to examine the range of cost fluctuation rate with each work items. As a result, number of floor, area (㎥), shape, methods and materials were considered as key factors for price change on the total construction cost. Furthermore, wood structure (34%) and roof (17%) account for major cost percentage. The cost fluctuation rate of two factors were -3.3%~+5.6% (wood structure) and -4.1%~+4.2% (roof). For further research, existing method will be analysed in order to developing the Hanok estimation system. And the cost fluctuation rate of every work items will be continually evaluated.

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A Study on the Revision of Construction Standard Unit Price for Concrete Pavement Works (콘크리트포장 시공실태 조사에 따른 표준시장단가 개정 연구)

  • Lee, Ju-hyun;Baek, Seung Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2022.04a
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    • pp.196-197
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    • 2022
  • This study aims to come up with the revision of construction standard unit price for concrete pavement works to improve its applicability and availability by a construction site survey. Construction site survey was conducted from March to November 2021 with 36 construction sites. This results of the revision are expected to support to public construction project owner or estimator in construction cost estimation works.

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Cost Estimating in Early Stage Using Parametric Method for Apartment Construction Projects (파라메트릭 방법(Parametric Method)을 이용한 사업초기 단계의 공사비 예측 방법)

  • Seong, Ki-Hoon;Park, Mun-Seo;Lee, Hyun-Su;Ji, Sae-Hyun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.207-211
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    • 2008
  • The importance of cost management in early stage has been increasing due to market change and competition severence in construction industry. Because the adjustable budget is only 20% after finishing design stage, the critical decision is made in the early stage. However, in the early stage, the design information is not enough to make crucial decision. Therefore, this research suggests the predicting method on the purpose of accurate cost estimation. The parametric estimation is appropriate for the early stage, especially it has the strength of rapidity in cost estimation. This research analyzes 84 actual data of public apartment on the scale of $11{\sim}15$ stories, and then performs the correlation analysis between cost and influence factors. After eliminating the parameters which causes the problem of multicollinearity, this research derived the formula through the multi-regression analysis.

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Study on Improvement of Cost Calculation Method in Construction less than One Day Workload (1일 작업량 미만 공사의 공사비 산정 방식의 개선방안에 관한 연구)

  • Shin, Dae-Woong;Lee, Young-Do;Shin, Yoonseok;Kim, Gwang-Hee;Yoo, Sangrok;Park, Wonjun
    • Journal of the Korea Institute of Building Construction
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    • v.14 no.5
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    • pp.477-485
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    • 2014
  • Standard production unit system and historical cost data are the most typical data base for calculating budget price in construction. However, these construction cost estimation methods are difficult to calculate proper construction cost because definition, additional allowance or modification criteria is not clear in construction within one day. Therefore, this study identifies problems for standard production unit system and historical cost data and suggests the improvements for them. For the objectives, this study analyzes frequency after implementing survey for 44 specialty contractors in placing at kyeonggi-province. As the results of the study, labor costs in standard production unit system and equipment costs in historical cost data and in construction of pavement and maintenance by project type was exceeded at most high rate against construction cost estimation methods. Based on this result, standard production unit system and historical cost data need to be modified by three improvements such as classification by project scale. These will be baseline data for improvement of construction cost estimation methods for less than one day workload.

Architectural Work Cost Rate Analysis of Elementary, Middle, and High School Delivered by BTL (초·중등학교 민간투자사업(BTL)의 건축공사비의 공종별 비율 분석)

  • Ryu, Hanguk;Kim, Hyungeun
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.14 no.1
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    • pp.1-9
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    • 2015
  • The accurate estimation of construction cost is critical for effective budgeting and financing of the project. Accurate estimates also allow for informed decisions when considering the responsiveness of bids or proposals and for a contractor to better monitor construction progress. However, current method for construction cost of the public educational facility uses a basic criteria in Korea, e.g, construction cost per unit floor area. Therefore, the purpose of this study is to examine present architectural work cost rate of elementary, middle, and high school delivered by BTL(Build-Transfer-Lease). We examined real construction cost of educational facility according to level of school, such as elementary, middle, and high school. The examination revealed that unit price of BTL educational construction cost are different to the level of school, but the composing rate of architectural work cost of the educational facility are very similar. As a result, it is recommended that future researches are initiated to create specific methods to support the accurate cost estimation of educational facility.

A Study on Predicting Construction Cost of Educational Building Project at early stage Using Support Vector Machine Technique (서포트벡터머신을 이용한 교육시설 초기 공사비 예측에 관한 연구)

  • Shin, Jae-Min;Kim, Gwang-Hee
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.11 no.3
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    • pp.46-54
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    • 2012
  • The accuracy of cost estimation at an early stage in school building project is one of the critical factors for successful completion. So various of techniques are developed to predict the construction cost accurately and expeditely. Among the techniques, Support Vector Machine(SVM) has an excellent ability for generalization performance. Therefore, the purpose of this study is to construct the prediction model for construction cost of educational building project using support vector machine technique. And to verify the accuracy of prediction model for construction cost. The performance data used in this study are 217 school building project cost which have been completed from 2004 to 2007 in Gyeonggi-Do, Korea. The result shows that average error rate was 7.48% for SVM prediction model. So using SVM model on predicting construction cost of educational building project will be a considerably effective way at the early project stage.