Engineering
4 years ago

New method revolutionizes accurate cost estimates for construction management programs.

A Study on the Method for the Estimate of Construction Management in the Program Management
Baek, Myeongchang

Paper Summary

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The goal of the research was to develop a more accurate method for estimating construction management costs in program management. The researchers created a project typical model that categorizes projects by phase and assigns specific levels of effort and costs based on project characteristics. This approach aims to improve the accuracy and objectivity of program cost calculations, prevent conflicts between clients and contractors, and ensure fair payments for contractors' work.