Construction Cost Simulation Based on Artificial Intelligence and BIM

Du, Xingliang

doi:10.1155/2021/9744286

Cited by 2 publications

(4 citation statements)

References 21 publications

(20 reference statements)

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“…, 2021). Traditional methods of quota or list measurement and pricing require significant time, manpower, energy and attention (Du, 2021). On the other hand, BIM technology provides powerful tools for project cost estimation with an acceptable accuracy through facilitation of computations related to quantity take-off (QTO) and BoQ and employing 3D models supplemented by life cycle analysis (Tam et al.…”

Section: Discussion and Future Applicationsmentioning

confidence: 99%

“…Three main steps should be followed for construction cost estimation, consisting of classification of all building products into items, computing the quantities of materials, equipment and labor involved in the construction process and calculating the project cost by adding up the prices of different items (Ma and Liu, 2014;Fazeli et al, 2021). Traditional methods of quota or list measurement and pricing require significant time, manpower, energy and attention (Du, 2021). On the other hand, BIM technology provides powerful tools for project cost estimation with an acceptable accuracy through facilitation of computations related to quantity take-off (QTO) and BoQ and employing 3D models supplemented by life cycle analysis (Tam et al, 2022;Vit asek and Mat ejka, 2017;Fazeli et al, 2021).…”

Section: Evaluating Efficiency Of 3d Factors Extractable From Bim And...mentioning

confidence: 99%

See 1 more Smart Citation

BIM and real estate valuation: challenges, potentials and lessons for future directions

Jafary¹,

Shojaei

Rajabifard

et al. 2022

ECAM

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PurposeBuilding information modeling (BIM) is a striking development in the architecture, engineering and construction (AEC) industry, which provides in-depth information on different stages of the building lifecycle. Real estate valuation, as a fully interconnected field with the AEC industry, can benefit from 3D technical achievements in BIM technologies. Some studies have attempted to use BIM for real estate valuation procedures. However, there is still a limited understanding of appropriate mechanisms to utilize BIM for valuation purposes and the consequent impact that BIM can have on decreasing the existing uncertainties in the valuation methods. Therefore, the paper aims to analyze the literature on BIM for real estate valuation practices.Design/methodology/approachThis paper presents a systematic review to analyze existing utilizations of BIM for real estate valuation practices, discovers the challenges, limitations and gaps of the current applications and presents potential domains for future investigations. Research was conducted on the Web of Science, Scopus and Google Scholar databases to find relevant references that could contribute to the study. A total of 52 publications including journal papers, conference papers and proceedings, book chapters and PhD and master's theses were identified and thoroughly reviewed. There was no limitation on the starting date of research, but the end date was May 2022.FindingsFour domains of application have been identified: (1) developing machine learning-based valuation models using the variables that could directly be captured through BIM and industry foundation classes (IFC) data instances of building objects and their attributes; (2) evaluating the capacity of 3D factors extractable from BIM and 3D GIS in increasing the accuracy of existing valuation models; (3) employing BIM for accurate estimation of components of cost approach-based valuation practices; and (4) extraction of useful visual features for real estate valuation from BIM representations instead of 2D images through deep learning and computer vision.Originality/valueThis paper contributes to research efforts on utilization of 3D modeling in real estate valuation practices. In this regard, this paper presents a broad overview of the current applications of BIM for valuation procedures and provides potential ways forward for future investigations.

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Section: Discussion and Future Applicationsmentioning

confidence: 99%

Section: Evaluating Efficiency Of 3d Factors Extractable From Bim And...mentioning

confidence: 99%

BIM and real estate valuation: challenges, potentials and lessons for future directions

Jafary¹,

Shojaei

Rajabifard

et al. 2022

ECAM

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“…By 2025, worldwide construction investment is projected to reach USD 14 trillion, up from USD 11.4 trillion in 2018 (Nguyen, D.-T. et al, 2022, Shibani, A. et al, 2022. Despite being a significant economic contributor, the construction industry has a long and storied history of conservatism, unwillingness to innovate, and lack of effectiveness in boosting efficiency (Du, X. andSun, L., 2021, Casini, M., 2022h). Ali, M. H. et al (2022) expresses concern over the inadequate implementation of 3D printing in the construction industry, considering that this technology is developed to maximize process efficiency.…”

Section: D Printing Technology In the Construction Industrymentioning

confidence: 99%

“…The process of 3D printing involves a CAD or BIM program instructing the printer on what to print. The 3D printer then begins to lay down materials according on the software's report (Du, X. andSun, L., 2021, Casini, M., 2022c).…”

Section: Introductionmentioning

confidence: 99%

Adoption of 3D printing technology in Sri Lanka's construction industry

Cooray¹,

Coomasaru²

2022

15th International Research Conference - FARU 2022

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The construction industry does have a history of embracing new technologies more slowly than other sectors. 3D construction is a revolutionary technology that has recently identified as a possible technology with the potential to enhance the construction industry's effectiveness and efficiency. This research attempts to provide strategies for integrating this technology into the Sri Lankan construction industry. Using NVIVO, a literature review was carried out and recorded. First, a prototype questionnaire survey was conducted based on findings from the literature, followed by a regular questionnaire survey with 39 professionals with 5 to 20 years of experience to identify bottlenecks and enablers. In addition to the questionnaire, interviews were conducted with three experts with more than 30 years of professional experience to validate its outcomes. "Workforce unprepared to engage with 3D printing," "lack of standards or rules for 3D printing technology," and "high investment requirements" were the top three reported impediments. As enablers, design flexibility, cost advantages, and time savings were highlighted. As a final objective, three strategies were identified: "Conduct training for industry staff on how to interact with 3D printing," "facilitate the collaborative approach (partnering)," and "Construction industry to establish a new set of standards, guidelines, rules and regulations pertaining to adaptation of 3D printing into construction industry."

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Construction Cost Simulation Based on Artificial Intelligence and BIM

Cited by 2 publications

References 21 publications

BIM and real estate valuation: challenges, potentials and lessons for future directions

BIM and real estate valuation: challenges, potentials and lessons for future directions

Adoption of 3D printing technology in Sri Lanka's construction industry

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