Building Information Modelling (BIM) offers construction organisations a significant tool for streamlining project management and improving communication among stakeholders. Businesses can use BIM technology to boost efficiency, lower costs, reduce errors, and ultimately deliver projects on time and within budget. BIM’s business value stems from its ability to revolutionise the way construction projects are planned, built, and executed, resulting in increased productivity and profitability for industry players.
So, what is BIM’s business value? Let’s dive into the topics to see how this new framework will help you boost productivity and efficiency.
BIM has numerous business benefits that construction companies can take advantage of. One of the most important is achieving a favourable return on investment (ROI). According to McGraw Hill Construction’s 2009 report, 87% of professional users have a favourable ROI using BIM. However, the benefits go beyond that.
1. Provides Efficiency So That Owners Don’t Pay for Redundant Work
One of the most important aspects of BIM’s business value is its ability to improve operational efficiency across the construction project lifecycle. By creating a comprehensive digital model that integrates all aspects of a project, BIM eliminates redundancies and ensures that resources are used optimally. This efficiency results in cost savings for owners because they are not burdened with unnecessary expenses from duplicated efforts or rework.
According to recent studies by McGraw Hill Construction, 29% of respondents said that one of the benefits of BIM for businesses is cost reduction, and 36% said that using BIM enhanced their productivity.
This streamlined workflow reduces the possibility of errors, reducing the need for revisions and modifications, which would otherwise result in additional costs. Finally, BIM enables construction companies to complete projects on time and within budget, which directly contributes to the business value of BIM.
2. Ensures Owners Receive a Final Digital Asset to Manage the Project’s Lifecycle
BIM has long-lasting value because it gives owners a complete digital asset after the construction phase is over. This digital twin encapsulates the entire project, from initial design to construction and ongoing maintenance. This virtual representation can help owners run the building more efficiently throughout its entire life.
The digital asset is useful for maintenance and facility management because it shows how the building’s parts, systems, and dependencies work together. This not only makes regular maintenance easier, but it also helps people make smart choices about future renovations or additions. Because the digital asset lasts a long time, investing in BIM’s business value will continue to pay off long after the building is done.
What is Building Information Modelling (Image by Medium)
3. Owners can ensure communication and transparency among stakeholders.
Transparency and good communication are keys to successful building projects. A lot of different types of people can work together better with BIM. This includes builders, engineers, workers, and owners. The shared digital space makes sure that everyone has access to the most recent project information. This makes it easier for people to work together and reduces the chance of confusion.
Being able to see the whole project in a single digital model makes it easier to talk to each other and see how things are going. This openness not only cuts down on disagreements, but it also speeds up decision-making, which keeps the project on track. In a competitive field where delays can cost a lot of money, BIM’s business value comes from being a tool that helps project partners work together smoothly.
4. Manage Risk
Managing risk is an important part of building projects. BIM offers a strong framework for identifying, evaluating, and reducing risks. It is possible to find and fix problems and issues before they happen during the building phase by making an accurate digital model. This cautious approach greatly lowers the chances of mistakes and delays that cost a lot of money.
There’s more that BIM can do than just find clashes. It can also help with models and situational analysis. Construction companies know how things like weather, the amount of staff they have, and the materials they can get affect their projects. These facts help them choose better. By building risk management into the very structure of the project, BIM helps construction companies deal with doubt and make projects more durable.
You now know all about how BIM can help your business. Before you use BIM in your project, you might want to learn more about the concept of 4 levels of BIM. Click on the link to read more about BIM levels and how they can help your project.
Adoption of BIM
Adopting BIM is a big step forward for building companies because it means they will work together more, be more efficient, and rely more on technology. Even though the benefits are clear, putting BIM to use needs to be planned out and handled well. To successfully adopt BIM, here are some important things to keep in mind:
- Invest in training: Provide your teams with the skills they need to use BIM efficiently. This includes training for designers, engineers, project managers, and other key staff.
- Collaboration Culture: Foster a collaborative atmosphere within your business. BIM relies heavily on communication and teamwork, therefore building an environment that promotes sharing and cooperation is critical.
- Integration with Existing Systems: Ensure that BIM works seamlessly with your existing tools and procedures. This integration will enhance efficiency gains while minimising disruptions throughout the changeover.
- Scalability: Evaluate the scalability of your BIM project. As your projects get more complicated and large, BIM should be able to adapt and deliver constant value.
- Compliance and Standards: Stay current on industry standards and BIM-related compliance obligations. Adherence to these standards guarantees interoperability and compatibility with other players in the building ecosystem.
Aside from all the business value that BIM offers, you might still be hesitant to use it for small construction projects. Okay, so does BIM work for small projects? Explore that article to find out more about the topics.
Conclusion
Ultimately, building information modelling (BIM) offers construction organisations a lot more than just its technical benefits. Improving efficiency, guaranteeing long-term asset management, fostering communication, and reducing risks are all outcomes of this strategic investment.
At this point, you might be considering implementing BIM into your construction project. If this is the case, you should consider BIMscaler’s consulting and management services.
BIMscaler consulting and management services provide end-to-end BIM usage for your project, starting with BIM/model management, content management, project start-up, project meetings, and end-user support.
As a leading Australian provider of BIM services, BIM Scaler assures you of a professional and effective BIM implementation for your building project.Transform your business today with BIMscaler.
