PROJECT. COLLABORATION. INNOVATION.
SEED FUND 2024
Automated Predictive Estimation Tool for Pricing Modern Methods of Construction (LGS) Building Projects
Modern Methods of Construction (MMC) such as light gauge steel (LGS) systems are particularly suited to 3-10 storyresidential/hotel/commercial developments. Such systems use less embodied carbon, fewer materials, are higher quality and areconstructed more quickly compared to traditional methods of construction. One of the major barriers to adoption of LGS systems is thepricing of projects as there is a low rate of conversion from tendering to winning projects (<5%).
The LGS industry needs a new approach to pricing because there are many projects where LGS is competitive but not winning due to inaccurate pricing. This project aims to develop an innovative software solution to automate theestimation of tender pricing for LGS. By leveraging historical data from Evolusion’s significant database of successful MMC projects (>1,000), the software will data mine the database in terms of building types, number of stories, etc to provide precise estimates of critical materials and costs.
This tool will significantly benefit the construction industry by streamlining the estimation process. The impact will be the MMC industry being able to create its own pipeline, which is a major blocker for more widespread adoption of MMC.
Higher adoption of MMC will improve productivity, affordability and sustainability.
Applicant’s name and RPO member:
Dr. Daniel McCrum – University College Dublin
Collaborators:
Evolusion Innovation Ireland, Etex R&D Innovation Center
Collaborators
Principal Investigator
Dr Daniel McCrum,
Associate Professor at University College Dublin
Dr Daniel McCrum is currently an Associate Professor in Structural Engineering and Director of the Modern Methods of Construction Research Group (MMCRG) (mmcrg.ucd.ie), University College Dublin. Daniel is a Co-PI in Construct Innovate. Within Construct Innovate, Daniel leads the pillar theme challenge on Productivity, Affordability & Cost, which relates directly to modern methods of construction.
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