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Cost Estimation Agent

Calculates costs for specified safety measures using RICS NRM databases and current material/labor rates. Performs NPV analysis for safety investments, Monte Carlo simulation for cost uncertainty, and ROI calculations comparing safety expenditure against incident prevention benefits.

Agent ID
cost-estimation-agent
Sector Construction, Engineering & Infrastructure Delivery
Status
Operational

Problem Statement

The challenge addressed

Safety measures have cost implications including equipment hire, training, additional supervision, and schedule impacts. Budget planning requires accurate cost estimation for safety provisions.

Core Logic

How the agent solves it

Calculates costs for specified safety measures using RICS NRM databases and current material/labor rates. Performs NPV analysis for safety investments, Monte Carlo simulation for cost uncertainty, and...

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