A Study on Construction Cost Management Using BIM

Abstract

The growth and development of IT (Information Technology) in construction leads to steep incline in advanced construction management. Building Information Modeling (BIM) is a technology and an intelligent model based process to manage construction projects. The traditional methods of manual quantity takeoff and cost calculations, where the designers use 2-D diagrams are the cause for 60-70% of errors that occur in construction management. Using BIM in construction management minimizes such errors. In this paper, BIM and its role in construction cost management are studied by having Revit Architecture software as a tool. This is followed by a study on the current scenario of BIM in construction industry all over the world.