Streamlining Property Construction
With Big Data

About

The pandemic as well as the ongoing conflict in Europe has brought into sharp focus the costs of raw materials. The construction industry is heavily reliant on items such as steel and concrete, which have been severely affected by both availability and logistical issues.

This has led to a spike in prices and uncertainty in the property construction industry. It has become increasingly difficult to ascertain the end-product prices as market fluctuations play havoc with timelines and bottom lines.

iConstech aims to provide a comprehensive, one stop solution by utilizing big data and analytics. A web based platform, iConstech aims to provide accurate and reliable information for all construction industry stakeholders, allowing for proper planning and, most pertinently, pricing strategies.

How Does
iConstech Works?

iConstech matches you to a variety of materials, equipment and their suppliers and deployment methods based on your specifications.

It may entail changes to the Bills of Quantity as well as basic design works.

We tabulate price estimations, make comparisons and calculate your ROIs in real time.

Coupled with the expertise of our consultants, this platform ensures accuracy and speed, which are critical when producing an optimised cost estimation.

Through i-Construct’s revolutionary approaches, you manage all your material and design objectives and meet construction cost savings of up to as high as 25%.

Laborers working on modern constraction site works in Dubai. Fast urban development consept.
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iConstech’s Schematics

All of iConstech’s data are real-time data – when the construction bill of quantities has been approved and implemented by the client, we will have a dashboard to project the progress of the implementation. This is to eliminate or reduce additional variation orders (VOs), which is acommon practice in the industry. This real time data can be viewed by the clients (who are usually either the developers or contractors) together with their hired consultants. This is so all parties are aware of the progress of the construction while at the same time keeping the cost at its initial or projected budget.

iConstech big data cost is not just restricted to tangible materials. This will include other intangible costs such as logistic and labour costs, which are among the higher expenses in construction. If the time of the construction has been delayed, these additional variable costs will increase and will also be calculated in. Other variable cost examples would be the architecture, where if an architect wants to make a single amendment to the building, for example switching the position or design of the windows, our platform can automatically calculate the costs incurred for such amendments.

Vision Statement

To be an industry leader in web-based applications / platforms that aid construction industry stakeholders make key strategic decisions.

Mission Statement

To provide web based tools that allow for accurate cost estimates to construction, utilizing big data and analytics.

Who can benefit from iConstech?

iConstech’s web based application / platform will be of significant use the the following stakeholders:

Property Developers

Value Engineering Consultants
(eg architects / quantity surveyors)

End consumers / Property Buyers

Main Contractors

Do you have any questions?