Once the construction project is completed, the settlement process should be conducted collaboratively by both the owner and the construction company. This process requires consolidating all relevant data and information from the initial project planning stages through to completion. Together, the owner and construction enterprise should thoroughly review and compare these records to promptly identify any discrepancies or issues. By safeguarding the mutual interests of both parties, any problems can be resolved, leading to the final determination of the project’s engineering costs.
Construction projects are typically characterized by complex processes, involvement of multiple departments, and lengthy timelines. Consequently, the associated project data and information tend to be intricate and extensive, which can often lead to incomplete record-keeping. Such gaps can compromise the accuracy of data during project completion and potentially cause disputes between the owner and the construction company, thereby affecting the settlement phase.
Implementing BIM (Building Information Modeling) technology effectively establishes a comprehensive database that stores data throughout the entire project lifecycle. During the settlement phase, both the owner and construction team can access this database to retrieve accurate and timely information on project progress, quality, and scheduling. BIM leverages computer technologies to facilitate seamless information exchange, enabling precise calculations and thorough reviews of the data required for settlement. This ensures both the quality and efficiency of the completion settlement process.
Moreover, BIM technology allows for detailed tracking of design changes throughout construction. It enables analysis of how these changes impact engineering costs and quantities, thereby supporting accurate cost auditing and helping to maintain financial transparency.
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