Study on a way to estimate reasonable cost of construction works - Focused on formworks in Korea

Abstract

This study was carried out being focused on formworks in order to provide a way to estimate reasonable cost of construction works in Korea. The scope of the study was set to the period after 2004 when actual cost estimating system was introduced and a survey of specialists was conducted. And execution data of specialized construction companies was collected to analyze construction costs estimated for different types and sizes of construction work. We judge that weights should be applied to different types and sizes of construction work in order to estimate reasonable costs of construction works and finally the winning price percentage should be considered.