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Development of a Machine-Learning Enhanced Modular Residential Construction Direct Cost Estimation Method

  • Ramaswamy Govindan Aswin,
  • Changcui Qiu,
  • Bo Zhang,
  • Xinming Li

摘要

Direct cost estimation is beneficial in residential construction projects because it enables decision-makers to proactively manage project costs, which can result in the successful completion of the project. Currently, traditional bottom-up cost estimation used for modular residential construction projects is a time-consuming and knowledge-intensive procedure. In contrast to bottom-up cost estimation, using machine learning techniques for initial construction cost estimation can significantly overcome these drawbacks and help decision-makers effectively perform proactive cost management. Machine learning has been successfully used in studies before for this purpose, but not for projects involving the construction of modular homes. This study therefore employs and validates the use of machine learning to estimate direct costs (direct material costs and direct labour costs) in order to quickly, accurately, and conveniently estimate costs for modular residential construction projects.