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  • Improving the method for determining the estimated (marginal) cost of construction

    Currently, the estimated (marginal) cost of construction is calculated using aggregated construction price standards. Since the objects on the basis of which the collections of enlarged construction price standards were formed were calculated using the basic-index method, the standards do not reflect the real cost due to an imbalance between the standards and real prices. To solve this problem, it is proposed to form a database of completed projects that were built using information modeling technologies, and the estimated cost was calculated using the resource method. As it is filled, this database can become the main tool for determining the estimated cost of construction or the basis for updating collections of aggregated construction price standards.

    Keywords: aggregated construction price standard, basic-index method, resource method, information modeling technologies, digital information model, database