Going Up The BIM Value Chain From Addressing Problems To Gaining A Competitive Advantage
For a long time, construction companies worldwide have been using Building Information Modelling (BIM) to address common challenges such as delays in completing projects, teams working in silos, and projects going over-budget. Every stakeholder –from owners, engineers to contractors has benefited from using it. According to Dodge Data and Analytics , here are the top five benefits of BIM: 74% of contractors found improvement in constructability of final design 73% of owners got a better understanding of proposed designs 71% of engineers noticed an improvement in the quality or function of the final design 70% of owners observed improvement in documentation 70% of owners cited improvement in planning construction phasing and logistics Apart from these top-rated benefits, BIM has also been found to reduce the final construction cost by 5% to 10%. 88% of the respondents reported an acceleration in project completion. It is well-known that B...