The sphere of construction and architecture primarily sets itself the task of creating a functional and interoperable space that will meet the primary and daily needs of a person. The evolution of urban planning principles has led to the need to increase the degree of urbanization, density of buildings, expansion of functional links between public and residential elements of the urban environment, to the formation of multifunctional residential complexes with an "open" service system. A multifunctional residential complex is a modern form of organization of the city's residential environment, in which the needs of each personal housing, work, recreation and communication are most fully realized. Demand creates supply. Gradually, there is a change of concept in the organization of construction. Investors and developers first think through the organization of the multifunctional residential complex under construction, as the quality of housing and the possibility of obtaining various services directly in the area of residence are valued very highly. One of the most important factors for construction companies is cost. Any feasibility study for any investment (project) requires an accurate cost estimate in order to make the right decision about the future fate of the project: move forward, or cancel the investment. In addition, cost estimation is a very important tool for managing construction projects. For example, it provides founders with a perfect image for the projected cash flow (cash flow) over the entire life cycle of the project. Thus, improving the methods of estimating the cost of the will contribute to more effective control over time and costs in construction. The reliability and reliability of these estimates is significantly affected by a number of uncertain but predictable factors. The main function of cost estimation is to create a reliable forecast of the cost of construction. However, the projected cost depends on the customer's needs and the available information and data.
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Using Artificial Neural Networks in assessing the cost of Construction Projects
Semantic Scholar · Engineering · 2020
Abstract
The sphere of construction and architecture primarily sets itself the task of creating a functional and interoperable space that will meet the primary and daily needs of a person. The evolution of urban planning principles has led to the need to increase the degree of urbanization, density of buildings, expansion of functional links between public and residential elements of the urban environment, to the formation of multifunctional residential complexes with an "open" service system. A multifunctional residential complex is a modern form of organization of the city's residential environment, in which the needs of each personal housing, work, recreation and communication are most fully realized. Demand creates supply. Gradually, there is a change of concept in the organization of construction. Investors and developers first think through the organization of the multifunctional residential complex under construction, as the quality of housing and the possibility of obtaining various services directly in the area of residence are valued very highly. One of the most important factors for construction companies is cost. Any feasibility study for any investment (project) requires an accurate cost estimate in order to make the right decision about the future fate of the project: move forward, or cancel the investment. In addition, cost estimation is a very important tool for managing construction projects. For example, it provides founders with a perfect image for the projected cash flow (cash flow) over the entire life cycle of the project. Thus, improving the methods of estimating the cost of the will contribute to more effective control over time and costs in construction. The reliability and reliability of these estimates is significantly affected by a number of uncertain but predictable factors. The main function of cost estimation is to create a reliable forecast of the cost of construction. However, the projected cost depends on the customer's needs and the available information and data.