Episode 9 - Cost Modelling

Cost modelling can be key at the early business case stage. For this episode we have invited our very own Roger Barkley, Senior Commercial Manager at KOSMOS, to help us understand Cost Modelling, and why you should consider implementing it in your process. What you'll learn from today's episode of Inventing Construction: Who is Roger Barkley? What is Cost Modelling? When is Cost Modelling relevant? How useful is Cost Modelling for your clients? The cost and returns of doing Cost Modelling 🎧 You can also listen to Inventing Construction on these platforms: Spotify: https://open.spotify.com/show/2aAxc0iqOe2J... Apple podcast: https://podcasts.apple.com/us/podcast/inve... Spreaker: https://www.spreaker.com/podcast/inventing... We would love for you to continue the conversation with us on LinkedIn: Ross: https://www.linkedin.com/in/ross-griffin-k... Elia: https://www.linkedin.com/in/eliaarquitecta... Roger: https://www.linkedin.com/in/roger-barkley-... KOSMOS: https://www.linkedin.com/company/kosmos-dk Thanks for watching! - 00:00 Intro: Cost modelling 03:21 Why cost modelling is misunderstood 07:12 Business case stage accuracy 09:13 Building a hypothetical project from broad design outlines 11:00 Building models by typology 13:38 Why traditional benchmarking can create major risk 16:04 How architects and engineers normally approach budget 18:05 Early-stage carbon assessment 19:57 BIM and the future of cost modelling 22:58 How BIM can save manual extraction work 24:26 The value of cost modelling for clients 26:55 Cost modelling sets the early project strategy