• Title/Summary/Keyword: expected total construction cost

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An Empirical Analysis on the Presumption of Public Apartment's Construction Cost in Housing Land Development Project (택지개발사업의 공공주택건설공사비 추정의 실증적 분석)

  • Kim, Seong-Hee
    • 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.

High Performance Fiber Reinforced Cement Composites in Construction Field (건설분야의 섬유강화 시멘트 복합 신재료)

  • Hong, Geon-Ho;Kim, Ki-Soo;Han, Bog-Kyu
    • Composites Research
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    • v.19 no.1
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    • pp.43-48
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    • 2006
  • High performance fiber reinforced cement composites have better performances than traditional cement based materials, therefore, have been expected as new construction applications such as the materials for construction & bridge structure, repair and rehabilitation applications, anti-collapse applications, anti-noise applications etc. However, they have lots of the problems such as material design, fabrication method and structural analysis. Also, the most serious problems of High performance fiber reinforced cement composites have been expensive initial cost, lack of long-term exposure data. As a result, it is needed that the efforts for lowering the initial cost and accumulation of long-term exposure. There has been hardly assessment results of life cycle cost for HPFRCC in construction field, but some papers showed that total life cycle cost could be profitable if the initial cost could be reduced.

Behavior of Lateral Earth Pressure around the Underpass Constructed by the STS Construction Method

  • Jin, Kyu-Nam;Kim, Hyo-Jin;Sim, Young-Jong
    • Land and Housing Review
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    • v.7 no.4
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    • pp.271-279
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    • 2016
  • Recently developed trenchless construction methods ensure stability for the ground settlement by inserting steel pipes along the underpass section and integrating steel pipes before ground excavation to form pipe-roof. This study is to confirm the reinforcing effect of pipe-roof by measuring lateral earth pressure acting on the underpass constructed by the STS (Steel Tube Slab) construction method. For this purpose, lateral earth pressure was measured at the left and right side of the pipe-roof after installing earth pressure cells. As a result, lateral earth pressure was measured with considerable reduction because the integrated pipe-roof shared surcharge. Therefore, economic design for the underpass could be expected by sharing design load by pipe-roof. In addition, construction cost was analyzed according to the design-load sharing ratio by pipe-roof. As pipe-roof shares design load by 40%, the total construction cost can decrease by almost 10% in the case of four-lane underpass.

A Study on Building of Underpass for Small Vehicles by Benefit and Cost Analysis (편익과 비용 분석을 통한 소형차전용지하차도 도입에 관한 연구)

  • Lee, Young Woo
    • International Journal of Highway Engineering
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    • v.15 no.2
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    • pp.149-157
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    • 2013
  • PURPOSES : This study is to analysis for benefit and construction cost in underpass for small vehicles. METHODS : The study was performed using the traffic software VISSIM 5.20 for analysis on a variety of traffic conditions and analysed of benefits of changes through analysis of travel speed and travel time after modeling of existing underpass and small vehicle underpass. RESULTS : Results of this study, the benefits will be reduced by the introduction underpass for small vehicles were analyzed because heavy vehicles use the intersection above the underpass. However, it was required economic analysis considering both the benefits reduction and the construction costs reduction because it has the effect of reducing the construction cost. Showed that the difference in benefit changes depending on the v/c and heavy vehicles ratio and construction cost was difference by types of underpass. As a result of performing economic analysis with total benefits and construction cost, it was analyzed to be economical in underpass over a certain size. CONCLUSIONS : The result of this study are expected to be able to contribute to reviewing for feasibility due to the small vehicles underpass introduction and economic analysis. The study is case study to the underpass in Daegu. Therefore, the future requires the calculation of benefits reflect a wider range of traffic conditions and the economic analysis to construction cost calculation for various types of grad separation facilities.

Application of Big Data and Machine-learning (ML) Technology to Mitigate Contractor's Design Risks for Engineering, Procurement, and Construction (EPC) Projects

  • Choi, Seong-Jun;Choi, So-Won;Park, Min-Ji;Lee, Eul-Bum
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.823-830
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    • 2022
  • The risk of project execution increases due to the enlargement and complexity of Engineering, Procurement, and Construction (EPC) plant projects. In the fourth industrial revolution era, there is an increasing need to utilize a large amount of data generated during project execution. The design is a key element for the success of the EPC plant project. Although the design cost is about 5% of the total EPC project cost, it is a critical process that affects the entire subsequent process, such as construction, installation, and operation & maintenance (O&M). This study aims to develop a system using machine-learning (ML) techniques to predict risks and support decision-making based on big data generated in an EPC project's design and construction stages. As a result, three main modules were developed: (M1) the design cost estimation module, (M2) the design error check module, and (M3) the change order forecasting module. M1 estimated design cost based on project data such as contract amount, construction period, total design cost, and man-hour (M/H). M2 and M3 are applications for predicting the severity of schedule delay and cost over-run due to design errors and change orders through unstructured text data extracted from engineering documents. A validation test was performed through a case study to verify the model applied to each module. It is expected to improve the risk response capability of EPC contractors in the design and construction stage through this study.

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Life Cycle Cost Analysis Models for Bridge Structures using Artificial Intelligence Technologies (인공지능기술을 이용한 교량구조물의 생애주기비용분석 모델)

  • Ahn, Young-Ki;Im, Jung-Soon;Lee, Cheung-Bin
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.6 no.4
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    • pp.189-199
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    • 2002
  • This study is intended to propose a systematic procedure for the development of the conditional assessment based on the safety of structures and the cost effective performance criteria for designing and upgrading of bridge structures. As a result, a set of cost function models for a life cycle cost analysis of bridge structures is proposed and thus the expected total life cycle costs (ETLCC) including initial (design, testing and construction) costs and direct/indirect damage costs considering repair and replacement costs, human losses and property damage costs, road user costs, and indirect regional economic losses costs. Also, the optimum safety indices are presented based on the expected total cost minimization function using only three parameters of the failure cost to the initial cost (${\tau}$), the extent of increased initial cost by improvement of safety (${\nu}$) and the order of an initial cost function (n). Through the enough numerical invetigations, we can positively conclude that the proposed optimum design procedure for bridge structures based on the ETLCC will lead to more rational, economical and safer design.

Initial Input Cost Analysis by Different Construction Types of Slab Tracks in Urban Railway (도시철도 콘크리트궤도의 유형별 초기시설 투입비용 분석)

  • Kim, Hyo-San;Ryu, Jae-Kwang;Min, Jun-Ho;Han, Dong-Un;Lee, Dal-Jae
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.400-405
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    • 2011
  • The total length of Korean urban railways reaches 1,200km. Urban railway used to be installed with ballasted tracks by reason of low cost at the time of construction, slab tracks are now being installed due to the reasons of the improvement in safety, lengthening service life and more economical method in terms of maintenance. The length rate of slab tracks has exceeded 70% of the domestic urban railways with the methods ranging from STEDEF, LVT, ALT, Eidan-type, B2S to RHEDA. This study surveyed the share of domestic slab tracks, and compared and evaluated the input cost at the initial stage by the types of slab tracks. Construction processes have been standardized by the existing design documents and calculated the initial input cost for the length of 1km of a hypothetical straight line. Cost breakdown structure was evaluated as materials cost, construction cost, equipment cost, indirect cost, etc. It is expected that this study will be used in selection & evaluation which is considering the economic feasibility of slab tracks.

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INTEGRATED LIFE-CYCLE COST ANALYSIS CONSIDERING ENVIRONMENTAL COSTS: A HIGHWAY PROJECT CASE

  • Woo-Sik Jang;Heedae Park;Sungmin Kim;Seung Heon Han;Jong Seo Jeon
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.273-279
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    • 2011
  • Concerns over the environment have spawned a number of research studies in the construction industry, as the construction of built environments and large infrastructures involves diverse environmental impacts and loads of hazardous emissions. Many researchers have attempted to quantify these environmental loads, including greenhouse gases, carbon dioxide, nitrogen dioxide, and sulfur dioxide, to name a few. However, little research has been conducted regarding integrating the life-cycle assessment (LCA) of environmental loads with the current life-cycle cost analysis (LCCA) approach. This study aims to estimate the environmental loads as a monetary value using the European Climate Exchange (ECX) rate and, then, to integrate those impacts with the pure construction cost. Toward this end, this study suggests an integrated approach that takes into account the environmental effect on the evaluation of the life-cycle cost (LCC). The bill of quantity (BOQ) data of a real highway project are collected and analyzed for this purpose. As a result, considering the environmental loads in the pavement process, the total LCC increased 16% from the traditional LCC cost. This study suggests an integrated approach that will account the environmental effect on the LCC. Additionally, this study is expected to contribute to better decision-making, from the perspective of more sustainable development, for government as well as for contractors.

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DEVELOPMENT OF A WEB-BASED COST AND DURATION MANAGEMENT SYSTEM FOR MEGA-PROJECTS

  • Chang-Taek Hyun;Run-Zhi Jin;Myoung-Jin Son;Seung-Yoon Shin
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.510-515
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    • 2011
  • Urban renewal projects, in the form of mega-projects, are being actively implemented both nationally and internationally to revitalize inactive cities. These programs, however, are difficult to manage efficiently due to their need for a large budget over a long period of time and due to conflicts with stockholders. Moreover, existing cost and duration management systems are structured with emphasis on the design and construction stage of unit projects, thus limiting their application to long-term mega-projects that are integrated with various facilities. To solve these problems, this study developed a web-based system that can collectively manage the cost and duration of mega-projects at a program level. The unit modules included in the system--CBS organization, construction cost and duration prediction, and total cost and duration prediction--can support decision-making at the early stage of the program. Furthermore, the modules, which include contract management, execution management, change management, and program progress management, support the program operations for its successful accomplishment. The web-based cost and duration management system developed in this study is expected to be used as a valuable tool that supports the successful accomplishment of mega-projects through their efficient management throughout their life cycle.

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Optimum Life-cycle Cost Design of Orthotropic Steel Deck Bridges (강상판교의 생애주기비용 최적설계)

  • Cho, Hyo Nam;Min, Dae Hong;Lee, Kwang Min
    • Journal of Korean Society of Steel Construction
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    • v.13 no.4
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    • pp.337-349
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    • 2001
  • This study present an optimum deck and girder system design for minimizing the life-cycle cost (LCC) of orthotropic steel deck bridges. The problem of optimum LCC design of orthotropic steel deck bridges is formulated as that of minimization of the expected total LCC that consists of initial cost, maintenance cost, expected retrofit costs for strength, deflection, and fatigue. To demonstrate the effect of LCC optimum design of orthotropic steel deck bridges, the proposed optimum LCC design is compared with the conventional method for orthotropic steel deck bridges design. From the numerical investigations, it may be positively stated that the proposed optimum design procedure for orthotropic steel deck bridges based on the LCC will lead to more rational, economical and safer design.

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