BIM for cost estimation

Potential features of building information modeling (BIM) for application of project management knowledge areas in the construction industry

“…With 5D BIM models, users can quickly estimate the costs in projects with accuracy via automated quantity take-offs from BIM models. This also allows them to receive swift feedback about cost when any change occurs in design [ 79 , 87 , 91 ]. With early cost decisions and increased collaboration and communication, construction practitioners can monitor overall budget of project and can achieve higher productivity by virtue of enhanced control over costs [ 25 , 30 , [92] , [93] , [94] ].…”

“…Vitasek & Žák (2018) [ 91 ] opined that the use of BIM for cost management is increasing with every passing day in developing countries. Although it brings many benefits, but it also requires modifications in traditional workflows in accordance with prevailing information modeling requirements.…”

“… Model based quantity take-off [ 21 , 79 , 92 , 95 ] 14. Cost estimation [ 8 , 30 , 79 , 83 , 88 , 91 , 92 , 94 ] 15. Accuracy, reliability, and reality of cost [ 25 , 59 , 79 , 91 ] 16.…”

“… Cost estimation [ 8 , 30 , 79 , 83 , 88 , 91 , 92 , 94 ] 15. Accuracy, reliability, and reality of cost [ 25 , 59 , 79 , 91 ] 16. Flexibility and quickness of cost [ 8 , 25 , 59 , 88 , 94 ] 17.…”

Priorities for the Development of Bim Technology in Urban Planning

“…Today, the main players in the global construction data modelling market -are Autodesk, Bentley Systems, Dassault Systemes, AECOM, Asite Solutions, Beck Technology, Nemetschek, Pentagon Solutions, Trimble Navigation, and Synchro Software. It is estimated that the size of the BIM market in Russia is currently estimated at $ 110 million [8][9][10][11]. This figure is incorrect because it includes the cost of software sold and the cost of training, as well as the implementation and maintenance of projects using BIM.…”