{"id":137140,"date":"2024-02-16T10:08:17","date_gmt":"2024-02-16T10:08:17","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=137140"},"modified":"2024-05-10T09:34:07","modified_gmt":"2024-05-10T08:34:07","slug":"ai-research-construction-costs","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/digital-construction-news\/ai-research-construction-costs\/137140\/","title":{"rendered":"Birmingham City University joins \u00a31.2m AI research to overhaul construction cost planning"},"content":{"rendered":"

Birmingham City University<\/a> (BCU) has secured a \u00a31.2m AI research project in partnership with Leeds Beckett University and London South Bank University to save billions in construction costs<\/h2>\n

The new AI research will utilise emerging technologies to redefine cost planning and management.<\/p>\n

Funded by UK Research and Innovation (UKRI), the AI research project will involve a host of local and multinational construction, consultancy, accountancy, and IT organisations.<\/p>\n

The UK economy loses \u00a324bn annually from cost overruns<\/h3>\n

That figure is expected to rise by 15% before 2030, according to CITB.<\/p>\n

However, using Building Information Modelling (BIM) and Generative AI<\/a> (GAI) to more accurately estimate how much construction projects will cost can boost productivity by 25%.<\/p>\n

Professor Hanifa Shah, pro-vice-chancellor and executive dean of the Faculty of Computing, Engineering, and the Built Environment at BCU, said: \u201cThe university’s commitment to excellence and forward-thinking research underscores its role as a catalyst for change within the construction landscape.<\/p>\n

\u201cBy fostering collaboration between academia and industry stakeholders, the project aims to drive tangible outcomes.\u201d<\/p>\n

The project will support SME’s and stimulate economic growth<\/h3>\n

Experts from BCU\u2019s Computing and the Built Environment colleges will collaborate with researchers from LSBU and LBU to support small and medium-sized enterprises (SMEs) in the development of an existing BIM-GAI cost prototype into a fully-fledged product for market.<\/p>\n

The research will also transform the curriculum of BCU\u2019s MSc Quantity Surveying conversion course and create future-ready graduates equipped with the AI expertise the industry needs.<\/p>\n

The prestigious UKRI grant is part of a government initiative to stimulate economic growth by connecting SMEs with leading academic experts to innovate and drive productivity in a range of sectors.<\/p>\n

Dr Damilola Ekundayo, BCU\u2019s principal investigator and associate professor in built environment, said: \u201cCost and time overrun is a common phenomenon. It costs the industry billions of pounds.<\/p>\n

\u201cThis research will shape the future of construction cost planning by leveraging the pros of generative AI as a force for good, to improve what we do.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Birmingham City University (BCU) has secured a \u00a31.2m AI research project in partnership with London South Bank University and Leeds Beckett University to save billions in construction costs.<\/p>\n","protected":false},"author":21,"featured_media":137142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[141293],"tags":[172725,273,621],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-137140","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-digital-construction-news","8":"tag-artificial-intelligence","9":"tag-research-innovation","10":"tag-sme"},"acf":[],"yoast_head":"\nBirmingham City University joins \u00a31.2m AI research<\/title>\n<meta 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