IFC Cost Management Implementation Guide

Quick Reference

Decision Tree: Choosing a Cost Structure

Need to manage costs in IFC?
├── Creating a cost estimate or budget?
│   └── Create IfcCostSchedule (predefined_type determines purpose)
│       ├── Budget allocation → predefined_type="BUDGET"
│       ├── Cost plan / estimate → predefined_type="COSTPLAN"
│       ├── Preliminary estimate → predefined_type="ESTIMATE"
│       ├── Bid/tender → predefined_type="TENDER"
│       ├── Priced BoQ → predefined_type="PRICEDBILLOFQUANTITIES"
│       ├── Unpriced BoQ → predefined_type="UNPRICEDBILLOFQUANTITIES"
│       ├── Unit rate schedule → predefined_type="SCHEDULEOFRATES"
│       └── Unknown/other → predefined_type="NOTDEFINED"
│