ADVANCING CONSTRUCTION EFFICIENCY THROUGH INTERNATIONAL ESTIMATING SYSTEMS
Keywords:
Keywords: International Estimating Systems, construction cost management, BIM, AI in construction, project estimation, global standardsAbstract
Abstract: Estimating systems play a pivotal role in the construction industry,
ensuring that projects are completed on time, within budget, and to the required quality.
International Estimating Systems (IES) facilitate this by providing standardized,
technology-driven solutions tailored to global construction needs. This article
examines the key components, benefits, and challenges of IES, highlighting their
impact on cost management, risk mitigation, and productivity enhancement. Case
studies and current trends underline the importance of integrating advanced
technologies such as AI, BIM, and cloud computing to revolutionize estimating
practices. Recommendations for adoption and future research are also provided.
References
References
1. Ashworth, A., & Perera, S. (2015). Cost Studies of Buildings. Routledge.
2. Eastman, C., Teicholz, P., Sacks, R., & Liston, K. (2018). BIM Handbook: A Guide
to Building Information Modeling. Wiley.
3. McKinsey & Company. (2020). The next normal in construction: How disruption
is reshaping the world’s largest ecosystem.
4. RICS (2023). Global Construction Costs Report. Royal Institution of Chartered
Surveyors.
5. Smith, P. (2021). "AI and Machine Learning in Construction Estimating." Journal
of Construction Management, 15(3), 125-138.