As a result of listening to feedback from the growing client base and the increasing demand for more technology utilization in construction, BuiltWorlds has enhanced its research methods and products. Below you will find the tech specialty areas and evaluation criteria now being researched within the construction technology adoption research efforts at BuiltWorlds. This research will include feedback from solution providers and technology adoption leaders to better understand the performance of functionalities for the following within Preconstruction technology:

Bid Management / Prequalification

• Bid Solicitation
• Bid Leveling
• Communication of Scope, Costs and/or Existing Conditions
• Qualifying Vendors

Estimating

Estimating is the process in which teams assess the scope of labor, cost of materials, duration of schedule, and overall cost of the project. Estimating can also include elements and inputs needed for value engineering and lifecycle costing for the project.

Evaluation Criteria:

• Cashflow Forecasting
• Historical Costs Analytics
• Labor Forecasting
• Quantity Takeoff Calculation

Scheduling

Scheduling in construction is the process in which project stakeholders coordinate all activities, trades, milestones and other critical requirements on the project to delivery the physical asset.

Evaluation Criteria:

• Accurate Project Schedule Generation
• Multi-Project Demand Forecasting
• Periods of Delay Prediction
• Resource Planning and Management
• Schedule Overrun Reduction
• Overallocation Resolution

Project Modeling & Simulation

Project Modeling and Simulation for construction can be defined as the process that is leveraged to visualize the construction and constructibility of the project in 3D prior to and during the construction phase. This technology speciality area includes solutions that enable three dimensional modeling and design in an X,Y,Z coordinate system. Additionally, these solutions enable builders to simulate and communicate the project schedule and costs for the 3D model creating either a 4D/5D model.

Evaluation Criteria:

• Constructibility Simulation and Sequencing (4D)
• Constructibility Sequencing & Cost Simulation (5D)
• MEP Coordination/Clash Detection
• Model-Based Cost Estimating & Calculation
• Pre-fabrication / Shop Drawing & Modeling
• Virtual Renderings/Mockups

Life Cycle Costing

Life Cycle Costing in construction is the process in which a developer and/or contractor compiles all the costs the asset will incur over its lifespan. These costs include the initial investment, future additional investments, annually recurring costs, and salvage or disposal costs.

Evaluation Criteria:

• Asset Ownership - Cost Estimation
• Asset Ownership - Cost Optimization

Value Engineering

Value Engineering (VE) can be defined as a a means to identify and eliminate unwanted or unnecessary costs and schedule inefficiencies to improve the value of the construction project through engineering the best possible methods to delivery and design the project. Optimizing elements of the project’s value are achieved through accurate analysis that factor in items like material costs and lead time, construction means and methods, engineering, design, labor and project management costs, schedule impacts and lifecycle cost forecasting. Dedicated Value Engineering solutions are leveraged to achieve low project cost and high value for the project.

Evaluation Criteria:

• Time and Material Mitigation
• Resource Allocation