Time and money are top priorities in construction, and parametric estimating tools can prove instrumental in the overall success of a project because they help create a precise picture of what a budget can buy during the initial conceptualization. Through the use of advanced parametric estimating software, what was once a laborious series of drawings and abstract conversations has become an efficient and succinct way to analyze initial and operating costs dependent on site orientation, systems and materials.
Having been quick to adapt, apply and tailor these construction technologies for use in recent years, Sundt Construction has become an industry leader in parametric estimating. But not everyone understands the benefits. To help, Sundt’s resident expert Wayne Einbinder, vice president and director of the Special Projects Division, offers a look at 5 need-to-know facts about parametric estimating and how it is changing construction.
1. Parametric estimating can reduce the estimating process by 80 percent. It also provides more accurate cost-build estimates to be produced with less exertion involved. Tools like Dprofiler, software that Sundt employs in a unique fashion, allow for the creation of digital estimate models based on previously realized factors. A simple click and drag of the mouse within the 3D building model can produce precise estimates in real time.
2. Parametric estimating can produce more accurate results than detailed quantity take-offs during the early design phases. Prior to parametric estimating technology, each line item had to be laboriously measured, creating longer estimating timelines and greater potential for error as only what was drawn was estimated. Now with parametric estimating, all line items are intertwined by algorithms that work in real time so that when the height, footprint or number of stories is modified, the costs of all impacted line items are adjusted immediately.