| Title |
Study on introduction of ‘Pre-Agreement system for Additional Incidental Cost’ related to construction time extension |
| Authors |
Jeong, Ki-Chang ; Lee, Jae-Seob ; Park, Yang-Ho |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2012.13.6.033 |
| Keywords |
Additional incidental costs ; Construction time extension ; Delay of the construction time ; Delay claim ; Liquidated damages |
| Abstract |
This study is as to payment improvement method of additional incidental cost to be occurred upon extension of public construction time. According to the result of analysis about the cause of non-payment of additional incidental cost of construction time extension through site examples, it was found that difficulties exist in disputes & proofing over the scope of actual cost recognition, and in this regard the result of experts opinion indicated that a construction extension pre-agreement system can be executed which agrees the scope of recognition of additional incidental cost of construction time extension once the statistical standard is clear and accurate. Accordingly, in this study, by totalling multiple sites data, calculations were implemented in terms of type of construction projects, amount of constructions, period of constructions. According to the result of calculation, the element of type of construction project and construction period appears to have none direct effect to the occurrence of additional cost of construction time extension, but direct relationship was indicated related to the contract amount element. In view of above, in this study a standard additional incidental cost of construction time extension was proposed, and presented a system improvement plan to implement the construction extension pre-agreement system. |