Automated cost and carbon estimation using artificial intelligence

The global construction industry is currently very inefficient in assessing the capital costs and carbon footprint of proposed projects during the pre-construction phase. This fact leads to inefficient cost and carbon data capture and assessment for the whole life cycle of projects and capital assets.

Assessing multiple alternative designs and construction methods to optimise cost and embodied carbon footprint of projects is currently a manual, time-consuming process that project stakeholders cannot afford due to time constraints. There is a general trend to use technology to automate this process by developing a standardised data structure within the 3D design models, such as Uniclass classification, which can enable automated quantity take-offs through its mapping with regional standard methods of measurement for cost planning.

In this session, we propose the implementation of a new automation tool that enables construction projects to leverage the full benefits of building information modeling in combination with artificial intelligence techniques for Cost and Carbon estimates.  This approach leads to shorter pre-construction phases, reduced project management costs, faster turnaround times for optioneering and value engineering, providing Owners greater visibility of carbon emissions and overall improved cost & carbon control of their Assets.

o   Learning outcomes for the session–

·       Using Excel with BIM
·       Benefits of standardising BOQ’s for BIM
·       Automated Take Off and Planning processes using BIM
·       Applying AI (Artificial Intelligence) to speed up Cost and Carbon planning
·       How to deliver accurate and meaningful information to the client in a timely manner
·       Engaging and managing the supply chain on a BIM project focused on Sustainability and Environmental impacts

ABOUT THE SPEAKER

Damon Stevenson

With a strong family background in Property, Construction and Engineering, Damon has spent over 15 years working in the Property Development and Construction industries, having a passion for engineering and technology, he later transitioned into the technology sector specialising in developing and implementing best of breed solutions that work for businesses across the industries he already had experience and understood.

Having now worked with and supported many international companies with their digital transformation strategies by automating processes and connecting technology between Finance and Operations, Damon has been fortunate to have had the opportunity to develop technology strategies with innovative companies and market leaders to further develop their target markets and continuously take the industry forward into the future.

This session is proudly sponsored by: