Research Article
Valuation of Guaranteed Maximum Price Contracts in Korea Using the Collar Option Model
Table 1
Basic information of sample projects.
| Category | Classification | Project number (%) |
| Owner type | Public | 331 (100.0) | Private | 0 (0.0) |
| Project type | Residential | 331 (100.0) | Nonresidential | 0 (0.0) |
| G.F.A (m2) | ∼50,000 | 132 (39.88) | 50,000∼100,000 | 158 (47.73) | 100,000∼150,000 | 30 (9.06) | 150,000∼200,000 | 10 (3.02) | 200,000∼ | 1 (0.30) |
| Project period (month) | ∼20 | 31 (9.37) | 20∼30 | 273 (82.48) | 30∼40 | 25 (7.55) | 40∼ | 2 (0.60) |
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