How to Estimate the Cost of A Medical Office Building Using Conceptual BIM
When someone is considering how to create a budget when they have nothing more than a napkin sketch, the easiest thing to do is go look at their historical data and multiply the area of the building times the average cost per square foot of their benchmarks. But later on, when the building actually has a design and they’re able to create a more detailed estimate, they know that it’s very likely that their budget has missed the mark either high or low by +- 20%. And they don’t have any backup to their budget costs to really know what trades are trending higher or lower. This is where they need to start thinking about different tools they can use to be able to provide detail at a conceptual level.