Uploaded on Jan 22, 2021
5D BIM visualization helps improve budget analysis and cost estimates. Conventional estimation techniques that depend on 2D drawings show potential errors, ambiguities, and inefficiencies. A 3D BIM model live-linked to actual material quantities of construction objects, equipment, and other resources helps mitigate inconsistencies in project cost estimations. 5D helps project stakeholders improve project budgets, delivers cost-loaded schedules, and enables in-depth and accurate forecasts for agile comparability. With parametric modeling and higher process flexibility, cost-adjustments can be leveraged in real-time based on any design changes. The core value of 5D cost estimation enables General Contractors to enhance value-engineering judgments for project owners.
5D BIM - Perfecting Construction Cost Estimation
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