The government will begin explaining related standards so construction costs can be reflected more accurately on worksites. The briefing is expected to help create safer and more rational construction sites by reducing safety accidents and easing confusion in the process of calculating construction costs.
The Ministry of Land, Infrastructure and Transport and the Korea Institute of Civil Engineering and Building Technology (KICT) said on the 23rd they will hold a "briefing on standard production rates and standard market unit prices for construction work" at 2:30 p.m. on the 27th at the Construction Association Hall in Gangnam-gu, Seoul.
The briefing was prepared to help practitioners properly apply cost calculation standards to construction sites, as calculating and reflecting appropriate construction costs is important for preventing safety accidents in construction work.
At the event, the Ministry of Land, Infrastructure and Transport (MOLIT) will explain the standard production rates and the standard market unit price system and regulations, which serve as the basis for calculating estimated prices, as well as the procedures for establishing and revising standards, and methods for field surveys and standard setting. It will also provide guidance on the main revisions and application methods of this year's standard production rates and standard market unit prices for construction work, along with points to note when calculating construction costs.
In addition, the Ministry of Land, Infrastructure and Transport (MOLIT) will introduce and explain questions that practitioners frequently pose or find difficult to interpret, based on inquiries received through the People's Sinmungo petition system and the Construction Cost Management Center website regarding standard production rates and standard market unit prices. Through a Q&A session for on-site attendees, MOLIT plans to resolve questions about the methods, standards, and interpretations for applying cost standards.
Detailed information about the briefing is available on the Construction Cost Management Center website.