| dc.description.abstract | The construction industry is facing increasing pressure as it experiences the repercussions of
the ongoing housing crisis. This forces companies within this industry to make cost-cutting
efforts, which, to begin with, necessitates clear financial insight, a challenge for contractor
firm VORM 2050. We examined how internal and public data can be leveraged for the
employees to gain real-time economic insight to be able to assess incoming quotations,
ultimately enhancing informed decision-making. Public construction market data resources
were combined into a pooled cost index, in which weights were calculated based on internal
quotations from manufacturer partners. Using R’s ‘shiny’ package, we integrated the pooled
index into a dashboard that enables users to benchmark a quotation against another quotation
of choice. Also, it enables users to recalculate a quotation to a different point in time to assess
its price under the market’s condition at that particular moment. To obtain economic insights,
the dashboard incorporates a customisable visualisation of real-time market volatilities
relevant to construction. | |
