| Title |
A Basic Study for Developing the Construction Cost Index by Directly Surveying the Cost Input Structure in Korea |
| Authors |
Kim, Wooyoung ; Kim, Yoon Joo ; Yi, June-Seong ; Lee, Young Hwan ; Lee, Bok Nam |
| Keywords |
construction cost index ; cost input structure ; labor cost index ; material cost index |
| Abstract |
Korean Government started to publish Korean CCI(Construction Cost Index) again at February 2004 since CAK(Construction Association of Korea) stopped publishing it 1994. CCI is developed using the verified statistical data, that is, input-output table and producer price index by Korean Bank and labor unit cost by CAK. Though the method is available as it uses the verified statistical data, there is a limitation to reflect the characteristics of construction.
For overcoming this limitation, this study suggests CCI development method investigating the input structure of labor and material cost for each type of construction project and applying the cost variations of the items. |