Dynamic Control Of The Real Estate Development Project Cost

The real estate industry, as an important part of China’s construction industry, plays an indispensable role in our country’s economic development. With national real estate policy releasing, the real estate enterprises also bid farewell to its profits era, enters a period of small profit. That requires real estate development enterprises enhance the profitability of the enterprise in strengthening the cost control methods. While, real estate development project itself has characters such as large volume of data, many participants and the difficulty of information collection and sharing, which leads to a great number of the cost control work and its relative lagging, also the control results are often not so good.The BIM technology’s appearance conquers the information sharing difficulty in the real estate development projects’ whole life cycle implementation, which can reduce the cost of the project effectively, save time and relieve the large amount of human labor at the same time. It also can strengthen the reliability of the real estate development projects’ cost control.Based on the real estate development projects’ cost control process, conventional control methods and the existing problems, combining the concept of BIM technology, this paper analyzes the application of BIM technology on the cost control of the real estate development projects. By setting up the BIM information integration platform of real estate development project, we can reach the storage, sharing, and dynamic all-round way management of projects’ data information. On that platform, combining the advanced earned value method, this thesis makes the dynamic cost control process of real estate development project. This process can reflect the projects’ cost data information in time, verify the expenses precisely, predict the changing trends of spending, and report the overruns condition of the budget for the administrative staff of varied methods. Then managers can decide and handle the expenditure condition of the implementation process of a project swiftly, which leads to the dynamic control of a project’s cost effectively.