• Title/Summary/Keyword: construction markets

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Development of a Collaboration Recommendation Model between Global Consulting Firms using Link Prediction

  • Yu, Young-su;Koo, Bon-sang
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.381-386
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    • 2020
  • Global construction and engineering consulting (E&C) firms are actively seeking entry into overseas markets based on loan projects from multilateral development banks to provide a basis for entry into overseas markets and sustainable growth. Bids on these projects are competitive between global top firms in terms of the technical level and price due to the limited number of projects; thus, developing a successful partnership to complement competence has become an essential element to win bids. In this regard, many studies have analyzed enterprises through characteristic analyses or the derivation of influential factors from the past social networks based on social network analysis (SNA). However, few studies have been conducted to reflect the process of changes to analyze collaborative relationships. Thus, this study aims to identify dynamic changes in past social networks and develop a model that can predict changes in the relationships between E&C firms based on similarities or differences between firms, presenting a methodology to target firms for appropriate collaboration. The analysis results demonstrate that the sensitivity of the developed prediction model was 70.26%, which could accurately predict 163 out of 232 actual cooperative cases.

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Rehabilitating and Supporting Strategy for Traditional Market in Changwon (창원지역 재래시장 활성화와 지원방안)

  • Song, Boo-Yong;Kwon, Sung-Oh
    • Journal of Global Scholars of Marketing Science
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    • v.7
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    • pp.25-53
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    • 2001
  • Two of most important industries in Changwon, the distribution industry and the construction industry have been threatened by the recent economic downturn. Rehabilitating plans for traditional markets tend to focus on renovation of facilities rather than on the managerial solution. Traditional market plays vital roles as a social safety net and a source of development of regional economy. Modernization of facilities and differentiation of business areas are two most important issues for the revitalization of the traditional market. Traditional markets should adopt a strategy which can make a difference in characteristics of the market, regional culture, regional industry and consumer behavior of the region. Purposes of this study are: first, to understand characteristics of traditional markets in Changwon, second, to draw implications for administrative and financial supports for traditional markets in Changwon.

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An Assessment of Technological Competitiveness in Core Products of Foreign Design & Construction markets (해외 유망 건설상품의 기술 경쟁력 평가)

  • Choi, Seok-In;Kim, Sang-Bum;Lee, Young-Whan;Kim, Woo-Young;Jang, Hyoun-Seung
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.1
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    • pp.107-117
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    • 2008
  • In this study, surveys and interviews are used to evaluate technological competitiveness of each product with respect to that of foreign leading firms, for seven leading domestic construction products which have been determined to have competitive edge in offshore markets, Such evaluation provides a more in depth study than previously conducted research, and is meaningful in that corporate level, rather than industry level, perspective is projected. Major findings of such evaluations are the following. First, as expected, it has been evaluated that domestic technological competitiveness in desalination plant and power plant has reached the point where it can compete with foreign leading firms. Moreover, a noteworthy result of the evaluation is that development program sector, including urban development of satellite cities, has reached considerable level of competitiveness in offshore market. In the case of the development market, domestic firms have accumulated sufficient experience in domestic market and engineering technology is not a decisive factor as in plant sector, and these factors lead to such an evaluation. Second, in the cases of gas, oil refinery and petro-chemical plants, domestic products' technological competitiveness that can contest in offshore market is still centered around production and construction. On the other hand, there are still weaknesses in license technology and basic design capabilities, which constitute the "value added" area. Third, skyscrapers, a promising product in offshore construction market and a product group which domestic firms have much performance record and projects in progress both in domestic and offshore markets, are considered. While direct comparison between skyscrapers and plant sector is not feasible, with the exception of production and construction, overall domestic capability in this sector has been assessed to be the lowest amongst those products that were surveyed. Fourth, it has been indicated that competitiveness is relatively higher in common technology than in key technology. In project management capability, it has been assessed that there are weaknesses in procedure document area. Also, a characteristic is the point that low overall assessments have been given across all product groups for corporate and management areas, not technological areas. Especially, financing, contracting/claim, risk management and investment on research and development received low evaluations. Fifth, it has been assessed that overall corporate and governmental supports are weak. This result is especially evident for corporate management and support areas across all product groups surveyed.

INVASION OF THE UK ORIGINATED QUANTITY SURVEYING PROFESSION INTO KOREA CONSTRUCTION INDUSTRY. A REVIEW OF THE QUANTITY SURVEYING CONSULTANCY SERVICES IN KOREAN CONSTRUCTION MARKET

  • Chan-Ho Yoon;Min-Jae Lee;Dong-Youl Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1419-1425
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    • 2009
  • Quantity Surveying Profession is a new breed with a history of only less than seven years in S. Korea' s Construction Industry. In this paper, the research aims to investigate the background of the market entrance of this profession in Korean Construction Industry, and the current market direction and future market demands. The research concludes that climate changes in Real Estate markets in relation to Project Financing practices caused by economic crisis of late 1997's, enabled the UK originated QSP sustainable in S. Korea. Moreover it was pointed out that the services of QSP current available in S. Korea's market attributed the different aspect compared to traditional quantity surveying services prevailed in UK. Finally it was apparent that the evolutional direction of the future quantity surveying market in S. Korea is most likely toward multidisciplinary skilled services profession processing not only broader architectural knowledges but cost consciousness, specialty in construction costs and construction contract aspects and transparency in ethical manner.

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AN APPROXIMATE COST ESTIMATING MODEL FOR CONSTRUCTION PROJECTS

  • Daehee Lim;Seung-hoon Lee
    • 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.

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Suggestions for Detection System of Bid-rigging in Public Construction Projects

  • Song, Sanghoon;Bang, Jong-Dae;Sohn, Jeong-Rak;Cho, Gun-Hee
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.712-713
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    • 2015
  • In recent years, the bid-rigging in public construction markets has been treated as a critical issue in Fair Trade Commission. The investigation revealed that the collusion was implemented extensively in every area from the material supply to the construction service of general contractors. This study reviewed the causes of the bid-rigging in public construction projects, and proposed the improvement plan to eradicate bad practices. Firstly, the causes and purposes of bid-rigging were categorized into two types of internal factors from construction companies and external environment factors influencing business activities. Secondly, the system development method was explained to detect the signs of bid-rigging based on the technical proposal documents in open tender. The detection systems of repetitive public owner also provide the function of sharing data on the companies and cases to violate the fair trade regulation. In addition, the problems and improvement direction of public procurement policies were discussed.

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A Study on The Risk Factors to Strengthen the Competitiveness in the Overseas Development Projects - Focused on New Town development of Developing Country - (해외 개발사업의 경쟁력향상을 위한 단계별 리스크 요인분석 - 개발도상국 신도시 개발사업을 중심으로 -)

  • Choi, Sung-Lack;Kim, Jung-Hyun;Jang, Se-Jun;Paek, Joon-Hong
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.3
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    • pp.59-67
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    • 2008
  • Recently, domestic construction companies have been moving towards overseas markets due to decreasing orders and an increase in competitiveness within the domestic market. However, there is a higher risk involved in the overseas construction Industry than in the domestic construction industry. Especially, because domestic construction companies lack development's experience, such a companies have a weakness of hidden risk factors. For Overseas New Town development project's success of domestic construction companies, preferentially, It Is necessary to deduce and analysis of risk factors in real estate development phases. This study would possibly be able to provide the preliminary data for Overseas New Town development projects in the future.

A study on the Analysis of Building Information Modeling Factors of Construction Firms Using an Analytic Hierarchy Process (계층분석법을 이용한 BIM(Building Information Modeling)이 건설사에 미치는 영향요인 분석에 관한 연구)

  • Shim, Jin Kyu;Yi, Hye In;Kim, Jae Jun
    • KIEAE Journal
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    • v.10 no.4
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    • pp.123-130
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    • 2010
  • A lot of construction companies in overseas markets of construction try to change 2D CAD to 3D CAD for improving business ability and change to Building Information Modeling(BIM) for integrating information produced from construction life cycle. In America, GSA(General Service Administration) requires a design drawing planed by BIM and in Singapore and Europe, the government encourages architectures to use this tool. Recently in the domestic market, many organizations related construction industry are aware of importance of 3D CAD integrated information, and try to use BIM. Therefore, this research would analyze how does BIM affect construction industry and derive influence factors and provide basic data for using BIM.

Policy Evaluation and Improvement Plan of Overseas Construction Engineering Industry (해외 건설엔지니어링산업의 정책평가 및 개선방안)

  • Park, Hwan-Pyo
    • Journal of the Korea Institute of Building Construction
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    • v.18 no.4
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    • pp.375-384
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    • 2018
  • Due to the downturn in the local construction business, entry into the overseas markets has been regarded as one of the core tasks of the building sector and the government. Thus, entry into overseas markets, not only by large and middle-standing enterprises, but also by small and medium sized enterprises, has recently become a major construction policy. Therefore, this study identified and evaluated overseas construction support policies in the field of construction engineering, ranked them as the policies for developing market development funds, fostering and educating expert workers, and supporting the provision of information on winning orders. Through these policy assessment results, the study proposed improvement measures from the government and from the business side. As for the government viewpoint, a measure of providing information suited to engineers in design companies, project manager (PM), construction manager (CM), a measure of producing skillful workers through the expansion of education support policies, and the promotion of specialized overseas workforce in the construction engineering sector were proposed. In the construction engineering industry, this study suggested measures for securing global expert manpower, sharing performance of overseas construction market development project, strengthening construction project management capacity, and strengthening risk management.

A Study on the Way of Interior design for New Markets in the Southeast Asia (동남아시아권 시장개척을 위한 실내디자인방향에 관한 연구)

  • 강호섭
    • Korean Institute of Interior Design Journal
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    • no.18
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    • pp.66-73
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    • 1999
  • Geographically Korea is located near the Southeast Asia and her volume of trade with countries in this region is just next those with America and japav. It is also true, however, that we do not have enough data for the region even though there have been increasing investments and travels from Korea to countries in the region in recent years. Especially, the same is true of the design it may be safely said that we have been indifferent. The purpose of this study is to suggest new design translation ways to find new markets in the Southeast Asian counties, probably away to break off with the so- called IMF era competing with those countries ranging from the Design Powers of European countries, america, and Japan to those countries that have long held markets in the region -Hongkong, Australia, New Zealand, Taiwan, and Singapore. Seemingly, markets in the Asian countries would be good means for us to complete our policy of the internationalization or globalizatiov. As the region has more various races, cultures, customs, and historical backgrounds than any other countries or regions in the world, not only general political and economical situations based on each one's history and culture are reviewed but also construction markets in the Southeast countries, one of barometers for modernization, examined with a view to suggesting means to develop interior design manpower to be more competitive than the counterpart of the advanced counties. The 21st century will be of design culture without fail. Through our design history is relatively short, we have and proud of the five - millennium long history which is just individual source of the creativeness and aesthetics to lead the design field in the world with god competitiveness.

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