5D modeling and cost estimation is the latest and the most efficient software that can visually link design, schedule considerations and costs into a single set of tasks for construction. Each of these sets comprise of information of all the equipments used, material and labor involved for a job along with the cost data. When all the information has been given, 5D modeling system will determine the cost of the project, which includes margins, risks and tax. It is possible to make all the necessary adjustments to changes in address and add expenses that have not been included in the specification of the model.
The information is then passed to scheduling application, and the system then determines the duration of each job. All the calculations made by the program is directly linked to the design and costs, and even time. Thus, you can learn the effect of all changes in the model and predict before time. 5D modeling and cost estimation is not only used for knowing the changes affecting various sections of a project, but it also allows you to understand how it will affect scheduling and cost.
5D modeling results also allows you to plan estimates, catch errors, plan projects and determine how much time each of the planned steps of a project requires and develop accurate cost estimation.
5D modeling has been advantageous in the following areas:
???? It prevents design conflicts
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Thus, 5D modeling and Cost Estimation has become a basic requirement for the modern construction industry.
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Source: http://building-construction-modeling.blogspot.com/2012/09/5d-modeling-and-cost-estimation-for.html
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