BidLight offers a real-time cost estimation platform that integrates directly with Revit, utilizing AI models to classify project geometry and predict labor, material, and equipment costs with 86% accuracy. This technology enables architects, engineers, and contractors to generate precise estimates early in the design process, reducing waste and improving project budgeting.
Funding
Funding not disclosed
Founders
Product
Problem
Generating accurate cost estimations for construction projects early in the design phase is challenging due to the complexity of building information modeling (BIM) data and the need for specialized expertise. Traditional methods often involve manual processes, leading to time-consuming workflows and potential inaccuracies in predicting labor, material, and equipment expenses. This can result in budget overruns, material waste, and inefficient project management.
Solution
BidLight offers a cost estimation platform that integrates with Revit, enabling architects, engineers, and contractors to generate real-time estimates during the design process. The platform utilizes AI models to classify project geometry and metadata, matching them to relevant cost data for materials, equipment, and labor. By automating the bill of quantities (BOQ) classification, BidLight eliminates manual intervention and provides accurate cost predictions early in the project lifecycle. This allows users to optimize designs for cost-effectiveness, reduce waste, and improve overall project budgeting and scheduling.
Target Audience
The primary users are architects, engineers, and contractors involved in building design and construction who need accurate and efficient cost estimation tools integrated with their BIM workflows.
Features
- Revit integration for cost estimation directly within the BIM environment
- AI-powered data and geometry classification for automated cost item matching
- Real-time material, equipment, and labor cost predictions
- Access to a database of construction cost data
- Excel export for estimate analysis and reporting
- Integrated Kanban system for project management, tracking progress, and resource allocation
- BIM services for strategy, development, design, and digitalization