2017
DOI: 10.1007/s41062-017-0066-7
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Comparison between traditional and digital preliminary cost-estimating approaches

Abstract: The definition of preliminary project cost estimates is one of the key aspects of investments in the real estate field. This kind of estimates plays a fundamental role in the decision-making process defining whether to proceed with the project. However, the definition of accurate estimates in preliminary phases is still an open issue and several researches have been developed to improve the performance of the process. Most of the researches are focused on the introduction of digital methods that are able to im… Show more

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Cited by 9 publications
(4 citation statements)
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“…In the building industry, the traditional statistical analysis of detailed itemized costs is the wider used method due to its simplicity and availability of multiple itemized cost database. The other methods are presented and analyzed in research and academic settings, and their application in the field and actual projects are very limited (Valentini et al 2017). Since the primary goal of this research is to analyze the actual net-zero building cost and understand the perceptions from the field, the first traditional cost estimation method was selected.…”
Section: Cost Estimation and Analysis Methodsmentioning
confidence: 99%
“…In the building industry, the traditional statistical analysis of detailed itemized costs is the wider used method due to its simplicity and availability of multiple itemized cost database. The other methods are presented and analyzed in research and academic settings, and their application in the field and actual projects are very limited (Valentini et al 2017). Since the primary goal of this research is to analyze the actual net-zero building cost and understand the perceptions from the field, the first traditional cost estimation method was selected.…”
Section: Cost Estimation and Analysis Methodsmentioning
confidence: 99%
“…Moreover, DProfiler is mainly used for the economic evaluation of construction projects and lacks more favorable interfaces to connect with other BIM software. This is the reason why DProfiler is not common in the European market [19]. Missing architectural elements and missing information on geometric parts of the BIM model can result in an incomplete bill of quantities, which can lead to incomplete LCA results.…”
Section: Bim Software and Lca Integrationmentioning
confidence: 99%
“…Data and information within BIM cover fields such as risk analysis [161,162], delay analysis [163], fire risk evaluation and management [164], and construction management in a broader sense [165][166][167]. Indeed, integrating other techniques within Open BIM, such as life cycle management and assessment, cost-estimating approaches, and scheduling systems, is a powerful tool within facilities management [168][169][170][171][172]. The applications that BIM data can provide in terms of data analysis are many and varied.…”
Section: Analysis Based On Bim Data and Facilities Managementmentioning
confidence: 99%