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An Empirical Study on the Differential Ratio between Construction Cost for Land Development and Incurred Cost: Case of Housing Business District for Land Development in LH
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 Title & Authors
An Empirical Study on the Differential Ratio between Construction Cost for Land Development and Incurred Cost: Case of Housing Business District for Land Development in LH
Kim, Tae-Gyun; Chang, In-Seok; Lee, Duck-Bok; Kim, Ok-Yon;
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 Abstract
The current land development cost price system is classified as the creating land by construction price and composition changes that occur sporadically in the process of completion at the source of the factors by incurred cost price. Housing for land cost price system is a lack of objectivity which scheme of the such a gap due to the land in accordance construction and incurred cost price system so far. Therefore, in order to increase the objectivity of costing the costing of predictable surprises should be reflected in the process. Under such a background, this study defined the effective differential ratio as the predictable, estimated them for various characteristics of each business district to reflect. For this, set the properties category of five types to attributes and making the complex category and Look-up table. Which result of model validation is showed a high reliability. Therefore, Continuous accumulation of material in the future, when them to reflect the construction cost, will contribute to the bridge the gap the construction cost between incurred them.
 Keywords
Construction cost;Incurred cost;Land development;Effective differential ratio;Look-Up Table;
 Language
Korean
 Cited by
 References
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