Estimating the cost of construction projects is currently slow and bespoke. The digitalisation of the construction sector through Computer Aided Design (CAD) means that projects are subject to faster design and redesign; while this obviously has a positive impact on the industry, the time-consuming nature of cost surveying makes it slow to react to changing CAD models.
Ultimately, a cost estimate can only ever be as good as the information provided to the Surveyor. They must utilise the information available – combined with their expertise and knowledge – in producing the cost estimate, this in turn can lead to inconsistencies between Surveyors.
To meet this challenge the AACE Consortium undertook the following analytical pieces of work:
By understanding the analysis, the AACE Consortium was able to create: