cost estimation
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Dynamic Cost Projection: Enhancing BIM-Integrated Estimation and Budgeting in Construction Projects
Abstract: In the realm of construction project management, the integration of Building Information Modeling (BIM) with dynamic cost projection tools represents a pivotal advancement. This paper explores the synergy between BIM and cost estimation, emphasizing their collective potential to revolutionize project budgeting. By harnessing real-time data and predictive analytics, BIM facilitates accurate and proactive cost projections throughout the project lifecycle. This integration not only enhances cost estimation precision but also fosters …
Published in Journal of Construction Engineering, Technology & Management · Vol. 14, Issue 2, 2024 · pp. 1–10 Read article
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Identification and Assessment of the Factors causing Cost Overrun in Housing Projects
Abstract: Poor cost performance is a major problem in construction industry, especially in developing countries like India. Statistics reveal that majority of the projects faces the issue of cost overrun. The interrelationship between the causes of cost overrun and stakeholders has not been explored yet. The aim of the research is to minimize the effects of project cost overrun. The objective of the study is to categorize and rank the potential …
Published in International Journal of Urban Design and Development · Vol. 1, Issue 1, 2023 · pp. 17–34 Read article