TY - GEN
T1 - Integrated cost budgeting and estimating model for building projects
AU - Al-Mashta, Sarmad
AU - Alkass, Sabah
PY - 2010
Y1 - 2010
N2 - 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).
AB - 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).
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M3 - Conference contribution
AN - SCOPUS:78649254835
SN - 9781617388033
T3 - AACE International Transactions
SP - 22
EP - 36
BT - 54th Annual Meeting of the American Association of Cost Engineers International 2010
T2 - 54th Annual Meeting of the American Association of Cost Engineers International 2010
Y2 - 27 June 2010 through 30 June 2010
ER -