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A Study on the Estimation of Project Cost by the Redevelopment and Reconstruction Project

  • Korea Real Estate Review
  • 2014, 24(2), pp.47-58
  • Publisher : korea real estate research institute
  • Research Area : Social Science > Law > Law of Special Parts > Law of Real Estate

이진규 1

1(주)백영 부동산개발팀

Accredited

ABSTRACT

At the initial stage of a construction project, estimated project cost is very important as it significantly influences the owner's decision making. Accurate cost estimating, in the initial stage of the redevelopment and reconstruction project, serves as a critical factor because initial decision making effects the final cost of the project. However in the cases of the redevelopment and reconstruction project, excluding a few of the public owners, there is a problem in properly estimating project cost due to the lack of project cost estimating system. Therefore, in this study, the redevelopment and reconstruction project at a reasonable and estimated project cost, the redevelopment and reconstruction project so that you can influence project cost and the cost of the material factors, 50 are gathered and entered into the regression analysis. The cost of the project was to build predictive models using the regression formula. The model developed in this study can estimate project cost, present the range of project cost, and judge the appropriateness of the estimated cost. The results can be used as an objective basis in the initial stage, therefore can be effectively used by the customer for budget related decisions.

Citation status

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