CostBIM is a new BIM-based Cost Management approach for all construction projects.
With the aids of CostBIM, quantitative information are integrated with BIM models. CostBIM is an integration of BIM technology into conventional Quantity Surveying practices, bringing efficiency and productivity to quantity takeoff process, ensuring accuracy of estimates, facilitating information sharing and enhancing project cost control management.
Development Bureau Technical Circular (Works) No. 9/2019
Adoption of Building Information Modelling for Capital Works Projects in Hong Kong
M – Mandatory BIM Use for the mentioned stage, including that carried forward from previous stage. The underlined items are new mandatory BIM uses.
O – Optional BIM Use