article thumbnail

Why You Should Make 4D Construction Sequencing ‘Business as Usual’ – and How To Do It

Autodesk Construction Cloud

You create fancy animations and visualisations of the built assets coming to life, ultimately presenting a relatively low-fidelity model of the asset you’re creating. It provides a robust maintenance and management tool and ensures that the asset's life cycle is streamlined and sustainable. But it can be so much more.

article thumbnail

You are what you measure… and/or … You can’t manage what you don’t measure

Building Information Management

Whether you are practicing BIM (life-cycle management of the build environment supported by digital technology and forget the 3-D aspect for a moment). practicing a component of BIM but moving toward life-cycle management… it’s time to adapt robust business processes vs. continue with ad-hoc practices.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CULTURE, TECHNOLOGY/SOCIAL MEDIA, & BIM

Building Information Management

BIM (Building Information Modeling), cloud computing, and social media are disruptive technologies which are altering the basic foundations of the AECOO sector (Architecture, Engineering, Construction, Owners, and Operations). BIM (Building Information Modeling), cloud computing, and social media are disruptive technologies which are.

BIM 40
article thumbnail

Some useful methods for construction cost estimation

Construction Cost Estimating

Parametric cost models. Under this method a parametric model is applied in which costs are forecasted based on project characteristics (parameters) in a mathematical model. Here models are developed from historical cost data based or from building a model scenario on similar systems or subsystems.

article thumbnail

Developing a Job Order Contracting Program

Building Information Management

The difference between the facility owner’s cost based on the UPB and the contractor’s cost is represented as a coefficient which is used as a multiplier that covers the contractor’s overhead and profit as well as any adjustment between the UPB and the local prices. Sample Calculation Showing Procedure of Relative Distancing Model.

article thumbnail

Development of the Job Order Contracting (JOC) Process for the 21st Century

Building Information Management

The difference between the facility owner’s cost based on the UPB and the contractor’s cost is represented as a coefficient which is used as a multiplier that covers the contractor’s overhead and profit as well as any adjustment between the UPB and the local prices. Sample Calculation Showing Procedure of Relative Distancing Model.

article thumbnail

LEAN Collaborative Construction Practices Construction Cost Estimating

Job Order Contracting

There are multiple alternative forms of estimates including conceptual, square foot, building, system, life-cycle, etc. Indirect Cost – Overhead items or costs incurred for the benefit of more than one project are indirect costs. Both the cost and accuracy of parametric models vary widely.