| Title |
Direction for Improving Cost Estimation and Management of Construction Projects : Comparing to Australian System |
| Authors |
Ji, Sae-Hyun ; Park, Moonseo ; Lee, Hyun-Soo ; Yoon, You-Sang |
| Keywords |
Cost ; Database ; Estimate ; Cost Model |
| Abstract |
Cost of construction project have to be estimated based on drawing before execution. Cost estimate and check would be performed numerously for preparing general outline of requirements and determining the budget at conceptual planning stage, for obtaining decision on every matter related to design, specification, construction and cost at design stage, and for predicting bidding cost. Thus, importance of cost estimation cannot emphasize too much in construction. However, there are lack of standard estimation method, process, and cost analysis method, that square foot estimation method is as used as ever, in Korea. Thus, This research present the direction for improving cost estimation and management in construction; It is demanded that establishing standard data base methodology, multi-level database model CUBE, and standard cost planning process, choosing cost estimation methodology according to objectives and cost planning process, and making more experts. |