Current seismic design provisions allow structures to deform into inelastic range during design level earthquakes since the chance to meet such event is quite rare. For this purpose, design base shear is defined in current seismic design provisions as the value of elastic seismic shear force divided by strength reduction factor, R (${geq}1$). Strength reduction factor generally consists of four different factors, which can account for ductility capacity, overstrength, damping, and redundancy inherent in structures respectively. In this study, R factor is assumed to account for only the ductility rather than overstrength, damping, and redundancy. The R factor considering ductility is called "ductility factor" ($R_{mu}$). This study proposes ductility factor with correction factor, C, which can account for dynamic P-${Delta}$ effect. Correction factor, C is established as the functional form since it requires computational efforts and time for calculating this factor. From the statistical study using the results of nonlinear dynamic analysis for 40 earthquake ground motions (EQGM) it is shown that the dependence of C factor on structural period is weak, whereas C factor is strongly dependant on the change of ductility ratio and stability coefficient. To propose the functional form of C factor statistical study is carried out using 79,920 nonlinear dynamic analysis results for different combination of parameters and 40 EQGM.