Project benchmarking
Gleeds’ benchmarking service helps project teams to manage risk, control costs, and make quick and accurate decisions during the business case to design phase of a project (RIBA 0-4).
Providing contextualised data on other projects in the sector, we enable a pragmatic evaluation of whether budget is being spent in the right places. Access to quantifiable and measurable cost data is the foundation of informed decision making.
We generate value for clients’ construction projects through our benchmarking service – using our extensive and verified data base, smart processes, and interactive applications to analyse and model the latest project data.
Developed by Gleeds’ expert cost managers, Benchmark distils comprehensive data into a central dashboard featuring live, dynamic interactive reports powered by AI.
Our cost managers and project managers can access insights that can be used to enhance project design and delivery, and – ultimately – value for clients.
Our benchmarking service helps our teams and clients to understand:
- How the cost and duration of a project compares to other similar projects
- The trends they should be aware of
- The factors that have influenced pricing – including why costs have increased.
- Predictive and prescriptive analytics and advice.
Sector-specific reporting
Benchmark generates reports on-demand and are fuelled by an automated data flow, using approved and up-to-date information that is uploaded daily. The tool provides reports specific to the client’s sector, so that insight is relevant and better informs projects.
Through harnessing AI, Benchmark can disseminate costs across the crucial elements of a building project. This accelerates the process of capturing data, giving cost managers more time to focus on higher value activity. The technology can also be applied to predict the impact of decisions on future project outcomes.
Designed with usability in mind, Benchmark integrates seamlessly within the Microsoft applications that staff use daily.
Related projects
Fit-out of a newly acquired office building in the centre of New Cairo
Project Benchmarking team
Alex Bill
London, United Kingdom
