Prompt Engineering Academy

Construction Project Cost Management in BIM

               Cost is an important issue in construction. The project success or project taking decision also depends on cost. Design documents are always changed due to reduce cost as owner requirements. In this regard, costs are always a vital factor to determine the project initiation or project success. So cost management is an important issue from the very beginning of the project. For cost estimation BIM has unique functionality which will give the estimator accurate model based costing with minimum time. In some management philosophy it distinguished separately as resource planning. In this case the main task is to define the resource requirements. Today’s BIM technological solutions are widely used for taking the quantities or information from various models and transfer it to cost estimating BIM solutions for make cost estimating.