• Title/Summary/Keyword: Fee as a percent of construction cost

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Diagnostic Analysis and Influential Factors of CM Fee Estimation (CM 대가 산정방식의 문제점 분석에 대한 연구 -문화예술회관 사례를 중심으로-)

  • Yoo, Byeong-Gi;Jung, Chan-Young;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.6
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    • pp.132-140
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    • 2006
  • On December, 1996, Construction Management(CM) was introduced in Korean construction industry due to its managerial efficiency proven in the international construction industries. However, It have had serious problems with many regulations, standards, manuals and details of practices considering its constituents and industry conditions. Especially, there were controversial points in the CM fee estimate; difference between the fee on the owner's view point and that from contractor's that impedes appropriate CM services. Therefore, this paper is to analyze public construction projects into Cm fee calculation such as fee as a percent of construction cost, cost plus fixed fee and contract price, and analyzed what is irrationality and why irrationality is made. So it makes a contribution to a study on standards for paper CM fee calculation.