Wednesday, May 26, 2010

Property World #23: A More Effective Approach to Pricing Construction Projects with Uniform Coding and Measurement Standards

Estimating construction projects using Building Information Modeling (BIM) software significantly improves efficiency and results in improved value for clients. BIM provides three-dimensional building models and maps specific components to material, labor and equipment cost data. This sophisticated process is seeing more use in projects each quarter.

In an exclusive RICS Americas Property World podcast, Andrew Mann FRICS, Managing Director for U.S. operations of Gardiner and Theobald Inc., explains the classifications of projects that utilize BIM, and how to produce the basic documentation for bidding on projects. As a construction economist and expert in project and cost management, with particular experience in large construction projects, Mr. Mann shares best practice from project estimating throughout the development activities.

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