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Ethiopian Engineer Debuts Digital Cost Projection Platform for Construction Sector

Ethiopian Engineer Debuts Digital Cost Projection Platform for Construction Sector

An Ethiopian engineer has launched a platform that looks to bring some order into the chaotic cost assessment that precedes most construction projects. Meacha Teshome, debuted addiscostestimator   earlier in the month, which aggregates prices for essential construction inputs to calculate overall costs of projects.

The Bahir Dar University alumnus expects the Platform to decrease the hassle of price discovery in developing a Bill of Quantities (BoQ) list for construction projects. BoQs enable a detailed construction budget forecast through a comprehensive listing of inputs and costs before building commences.

“Everything up to finishing materials like ceramic and windows is calculated,” Meacha told Shega.

The Platform relies on information about the size, location and utility of a project to calculate price references on all the relevant inputs by scraping data from e-commerce sites and daily interviews with suppliers. Users can register through email for access to the Platform which churns out detailed Excel sheets of construction data.

Contractors and clients often enter into protracted disputes over project budgets due to a rapid surge in prices for most construction inputs in Ethiopia. Platforms like Mismar have launched their services over the past year looking to connect suppliers and buyers through a straightforward interface.

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