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Economic Analysis

Economic Analysis Method

We have a lot of cases of design change to the TAW(Tied Arch Wale) Method with excellent constructability and economic efficiency compared to the Strut method.

The following economic analysis was prepared through the course of review steps of the nationally certified cost-calculating service institution in each site where construction has been completed by changing design from the Strut method to the TAW Method.

  • Construction completion after changing design from the existing Strut method to the TAW method
  • Excavation size
    • 34.0×32.7×H26.0m
    • Deep excavation with 9-layers of temporary temporary earth retaining (sheathing) in a downtown area

 Site: MADELEINE Studio Apartment (Riverside in Misa-District)/ Underground Wall CIP D500Maximum earth pressure 274.4kN/m

Workload Comparison by Construction Process

공정별 작업량비교 목록
Class. the Strut method the TAW method Percentage ratio
Installation of piles 34places 18places 52.9%
Pile cutting/pullout 34places 18places
Installation/removal of casing 656m 347m
Pile connection 68places 36places
Installation/removal of brackets and steel parts 482places 510places 105.9%
Installation of stiffener 3,024places 1,584places 52.4%
Installation/removal of piece brackets 378places 216places 57.1%
Installation/removal of strut supports 17places 10places 58.8%
Manufacturing of struts 756places 684places 90.5%
Connection of struts (more than 10m) 486places 162places 33.3%
Installation/removal of strut reinforcements 5,786m 2,259m 39.0%
Installation/removal of screw jacks 315places 207places 65.7%
Steel materials transport in round-trip 984,581ton 540,289ton 54.9%

Comparison of the Amount of Input Steel

투입 강재량 비교 목록
Class. the Strut method the TAW method Percentage ratio
Steel materials for piles 952m 504m 52.9%
Rented materials 49.142ton Rented materials 26.016ton
Loss materials 13.119ton Loss materials 6.945ton
Installation/removal of brackets and steel parts 9,488ton 10,058ton 105.9%
Steel materials for wales 135,698ton 214,571ton 158.1%
Installation/removal of piece brackets 13,608ton 7,776ton 57.1%
Installation/removal of strut supports 58,978ton 35,198ton 59.7%
Steel materials for struts 6,153.3m 2,688.3m 43.7%
578,410ton 252,700ton
Installation/removal of strut reinforcements 76,954ton 30,045ton 39.0%
Installation/removal of screw jacks 13,545ton 8,901ton 65.7%
Total steel materials (including loss) 984,581ton 540,289ton 54.9%

After changing design and constructing to the TAW method, 985 tons of steel materials designed and expected by the Strut Method were reduced to 540 tons saving by roughly 45%.

In addition, the TAW method instead of the Strut Method, roughly 56% of the construction cost expected by the Strut Method was used to complete the construction. Thus, roughly 44% of the construction cost wae saved like reduction ratio of steel materials.

Comparison of construction costs

투입 강재량 비교 목록
Class.[Unit: KRW] Existing similar technology(the Strut method) The TAW Method Remark
Material costs 407,639,324 259,325,651 -
100% 63.6%(∇36.4%)
Labor costs 976,294,686 520,222,076 -
100% 53.3%(∇46.7%)
Expenses 103,934,135 68,345,893 -
100% 65.8%(∇34.2%)
Direct construction costs 1,487,868,145 847,893,620 Total of material costs, labor costs, and expenses
100% 57.0%(∇43.0%)
Total of material costs 2,318,019,991 1,295,063,800 labor costs, and total expenses
100% 55.9%(∇44.1%)
Total construction costs 3,040,972,000 1,693,762,000 -
100% 55.7%(∇44.3%)

Actual construction period from pile work to underground structure work by the TAW method was 275 days and predicted construction period by the Strut Method was calculated to be a total of 340 days. Therefore, by applying the TAW method, it was analyzed that the construction period was shortened by roughly 20%.

Economic Analysis Cases

These economic efficiency analysis cases by changing design in sites were analyzed by using the same method as the analysis of the nationally certified cost-calculating service institution

All of these sites were constructed completely after changing a temporary sheathing system from the existing Strut method to the TAW(Tied Arch Wale) method.

The Daum Twin Bridge Bldg., Cheongdang-dong, Cheonan city /62.4×44.9×H15.04m / 6 Layers

Dobong-dong Studio Apartment, Dobong-gu, Seoul city /54.6×41.8×H15.1m / 5 Layers

Yeon-dong Residence Complex, Jeju city /49.0×37.5×H22.5m / 8 Layers

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