Cost Prediction for Roads Construction using Machine Learning Models
Keywords:Construction, Roads, Cost estimation, Machine learning, Ridge regression
Predicting conceptual costs is among the essential criteria in project decision-making at the early stages of civil engineering disciplines. The cost estimation model availability that may help in the early stages of a project could be incredibly advantageous in respect of cost alternatives and more extraordinary cost-effective solutions periodically. There is a lack of case datasets. Most of the proposed dataset was inefficient. This study offers a new data set that includes the elements of road construction and economic advantages in the year of project construction. Real project data for rural roads in the State of Iraq / Diyala Governorate for the years 2012 to 2021 have use to train a predictive model with a high rate of accuracy based on machine learning (ML) methods. Ridge and Least Absolute Shrinkage and Selection Operator (LASSO) Regressions, K Nearest Neighbors (k-NN), and Random Forest (RF) algorithms have employ to create models for estimating road construction costs based on real-world data. The Root Mean Square Error (RMSE), Mean Absolute Percentage Error (MAPE), and R-squared (R2) coefficient of determination are utilize to assess the models' performance. The analysis indicated that the RR is the best model for road construction costs, with results R2 = 1.0, MAPE =0.00, and RMSE=0.00. The results showed that the cost estimates were accurate and aligned with the project bids.