Cost Estimation

BIM Use

Description

A process in which BIM can be used to assist in the generation of accurate quantity take-offs and cost estimates throughout the lifecycle of a project. This process allows the project team to see the cost effects of their changes, during all phases of the project, which can help curb excessive budget overruns due to project modifications. Specifically, BIM can provide cost effects of additions and modifications, with potential to save time and money and is most beneficial in the early design stages of a project.

Potential Value

Resources Required

Team Competencies Required

References for Additional Information

Sample Process Map(s)

[Link to Template Process Map - Under Development]

Potential Output Information

Quantity Takeoff Information in Defined Structure

Cost Estimate

Source:  BIM Project Execution Planning Guide, Ver. 2.2 with minor revisions.

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