Overview
Generates a comprehensive benchmark report using N3’s standard cost prediction model. This endpoint creates cost forecasts based on similar projects, providing statistical analysis with confidence intervals.Benchmark Types
Supports multiple benchmark approaches:- STANDARD - Single development benchmarking
- COMPOSITE - Multi-development project analysis
- PARTIAL - Individual development within composite projects
Model Capabilities
Cost Prediction Features
- Statistical modeling using 50+ weighted factors
- Confidence intervals (typically 75-85% confidence)
- Real-time prediction updates
- Quality assessment and validation
Input Requirements
- Project characteristics (GIFA, location, features)
- Development type and building specifications
- Site constraints and procurement details
- Budget data and timeline information
Quality Assessment
Benchmarks are evaluated through multiple quality checks: ✅ Data Completeness - Presence of out-turn cost data✅ Statistical Validity - Average costs within confidence intervals
✅ Similarity Threshold - Combined scores ≤30 points for 3 projects
✅ Geographic Relevance - Location and time index alignment
Usage Examples
Standard Benchmark Request
Composite Project Request
Response Structure
Returns comprehensive benchmark data including:- Cost predictions with confidence ranges
- Similar project comparisons and scores
- Quality indicators and health ratings
- Statistical model metadata
Related Endpoints
- Get Similar Projects - Find comparable projects
- Create Snapshot - Save benchmark results
- Get Project Report - Retrieve existing predictions
Authorizations
Body
1500000
12
15000
115
Months from now until construction starts
"2024-11-01"
Net internal area (NIA)
1000
Number of floors above ground
2
Number of floors below ground
1
Number of parking garages (detached)
0
Number of basement parking spaces
0
Number of parking garages (integral)
0
Number of undercroft parking spaces
0
Number of carports
0
Number of surface parking spaces
0
Primary building function
residential, residential_mixed_use, student_accommodation "residential"
Primary building process
new_build, refurbishment_no_alterations, extension, refurbishment_with_alterations, permitted_development, air_rights "new_build"
Procurement arrangements
main_contractor_design_build, main_contractor_traditional, self_build "main_contractor_design_build"
Cost of demolition
0
Cost of contaminated soil removal
0
Cost of piling
0
Cost of basement construction
0
Cost of structural alterations
0
Cost of concrete frame
0
Cost of lift escalator
0
Cost of retaining walls
0
Cost of services diversion
0
Cost of drainage pumping station
0
Cost of electricity sub-station
0
Cost of sprinkler system
0
Cost of party wall
0
Cost of balconies and terraces
0
Cost of basement car parking
0
Response
Total cost (sum)
2571000
External works variation
100000
Total including external works
2571000
Total adjusted value
2991359
Adjusted cost per m2 (GIFA)
1994
Lower limit for adjusted cost per m2
1595
Upper limit for adjusted cost per m2
2592

