Integrated cost budgeting and estimating model for building projects

Sarmad Al-Mashta, Sabah Alkass

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 Citations (Scopus)

Abstract

The importance of a reliable cost estimate in the various phases of building projects is beyond dispute. However, in the traditional context, preparing a detailed cost estimates requires extensive worker-hours. Consequently, it is not feasible to be performed repetitively. Considering this, cost estimates are performed during the design phases and the bidding process, leaving gaps were project cost can grow out of control. This paper presents an integrated cost budgeting and cost estimating model for building projects. By integrating multiple cost databases with Building Information Modeling (BIM) geometrical data, the proposed model streamlines the process of cost estimation. The generated estimate complies with AACE International class 1 / class 2 classifications. It is also capable of rendering cost estimates in multiple work breakdown structures, allowing it to be implemented at both the design and construction phases (e.g., UniFormat™ is assembly-based for the design phases, and MasterFormat™ is trade-based for the bidding and construction phases).

Original languageEnglish
Title of host publication54th Annual Meeting of the American Association of Cost Engineers International 2010
Pages22-36
Number of pages15
Publication statusPublished - 2010
Externally publishedYes
Event54th Annual Meeting of the American Association of Cost Engineers International 2010 - Atlanta, GA, United States
Duration: Jun 27 2010Jun 30 2010

Publication series

NameAACE International Transactions
Volume1
ISSN (Print)1528-7106

Conference

Conference54th Annual Meeting of the American Association of Cost Engineers International 2010
Country/TerritoryUnited States
CityAtlanta, GA
Period6/27/106/30/10

ASJC Scopus subject areas

  • General Engineering

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