This paper begins by discussing how a generic cost estimator is created, combining the ease of use of parametric cost estimation while maintaining the detail of bottoms-up cost estimation. A part modeling methodology will then be discussed that can be used to enter parts into the model. The idea of geometric creation, which is the way to estimate the amount of raw material that is used in the construction of the part, will also be discussed. Finally, all of these ideas will be implemented, efficiently, in a software cost estimator.
This paper’s final contribution is the creation of an example that will show how a model can be created to estimate the cost of a house. Once implemented, test data will be entered and the results will be discussed.