RIB Benchmark facilitates efficient conceptual estimating and benchmarking by utilizing existing historical data from completed projects. This web-based platform allows users to perform functional analyses, adjust for time and location factors, and create multi-level estimates tailored to specific project requirements. By integrating seamlessly with RIB CostX and supporting generic data imports, RIB Benchmark aids in determining project feasibility during early stages, ensuring informed decision-making and precise cost forecasting.

Features:

• Utilize Historical Data: Build a database of high-quality historical construction information for detailed analyses and accurate conceptual estimating.
• Functional Analysis: View, compare, and summarize key project information and metrics tailored to the project's functional use.
• Time and Location Adjustments: Account for older data and regional cost differences using indices to ensure current and relevant estimates.
• Multi-Level Estimates: Align estimates to industry-standard cost breakdown structures or user-defined breakdowns for comprehensive budgeting.
• Custom Reporting: Generate a range of reports for displaying estimates and comparisons, with integration capabilities for analytics platforms like Power BI and Tableau.
• Seamless Integration: Designed to integrate with RIB CostX estimating software and support generic data imports, allowing for extensive library development.