Design morphology complexity and conceptual building project cost forecasting

Kantianis, D D (2022) Design morphology complexity and conceptual building project cost forecasting. Journal of Financial Management of Property and Construction, 27(3), pp. 387-414. ISSN 1366-4387

Abstract

Purpose: This research aims to develop conceptual phase building project cost forecasting models by exploring the relationship of existing plan shape complexity indices and general design morphology parameters with total construction cost. Design/methodology/approach: Plan shape indices proposed to date by the literature for measuring building design complexity are critically reviewed. Building morphology is also dictated by town planning restrictions such as plot coverage ratio or number of storeys. This study analyses historical data collected from 49 residential building projects to develop multiple linear regression (MLR) and artificial neural network (ANN) models for forecasting construction cost. Existing plan shape coefficients are calculated to evaluate the geometrical complexity of sampled projects. Ten regression-based cost estimating equations are totally derived from stepwise backward and forward methods, and their predictive accuracy is contrasted: to performance levels reported in past studies and to ANN models developed in this research with multilayer perceptron architecture. Findings: Analysis of plan shape indices revealed that 85.7% of examined past projects possess a high degree of design complexity, hence resulting in expensive initial decisions. This highlights the need for more effective early design stage decision-making by developing new building economic tools. The most accurate regression model, with a mean absolute percentage error (MAPE) of 19.2%, predicts the log of total cost from wall to floor index and total building envelope surface. Other explanatory variables resulting in MAPE values in the order of 20%–22% are total volume, volume above ground level, gross floor area below ground level, gross floor area per storey and total number of storeys. The overall MAPE of regression-based equations is 24.3% whilst ANN models are slightly more accurate with MAPE scores of 21.8% and 21.6% for one hidden and two hidden layers, respectively. The most accurate forecasting model in the research is the ANN with two hidden layers and the sigmoid activation function which predicts total building cost from total building volume (19.1%). Originality/value: This paper introduces MLR-based and ANN-based conceptual construction cost forecasting models which are founded solely on building morphology design parameters and compare favourably with previous studies with an average predictive accuracy less than 25%. This paper is expected to be beneficial to both practitioners and academics in the built environment towards more effective cost planning of building projects. The methodology suggested can further be implemented in other countries provided that accurate and relevant data from historical projects are used.

Item Type: Article
Uncontrolled Keywords: construction cost estimation; design stage; neural networks; regression modelling
Index terms: regression model, residential building, building morphology, building design, forecasting, construction cost, multilayer, design parameter, estimation, gross floor area, town planning, built environment, early design stage, building envelope, cost estimating, neural network, artificial neural network, project cost, regression modelling, accuracy, methodology, decision-making, design stage, practitioner, complexity, cost planning
Subjects: infrastructure and transport systems, statistical analysis, systems engineering, decision analysis, professional development, financial management, specialized materials and systems, economics, artificial intelligence, financial and cost management, prediction and forecasting, modelling and simulation, building performance, design constraints, urban design, design process, architectural elements, research methods, professional practice, architectural design, practitioner, design theory, construction type
Topics: Risk Management, Engineering Principles, Construction Technology, Roles and Professions, Information Management, Construction Materials, Research Practice, Cost Management, Urban Studies, Digital Applications, Design Practice
Descriptive scope: 4 PCTA

N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here