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Assessing the Chain Reaction of BIM on Construction

Published By: Nikunj Patel

SmartMarket Report by McGraw Hill Construction titled The Business Value of BIM for Construction in
Major Global Markets: How Contractors around the World are Driving Innovation with Building
Information Modeling presents the amount of impact BIM and construction management has made
globally.

Some of the findings:

Three quarters of construction companies
report a positive Return on Investment (ROI)
on their BIM program investment (ROI) &
have clear ideas about how to further
improve it.

Fewer errors and omissions, less rework, and
lower construction costs are amongst the top
five BIM benefits cited by contractors.

Over the next two years, contractors expect
the percentage of their work that involves
BIM will increase by 50% on average.

BIM ROI increases proportionately with a
contractors level of BIM engagement,
represented by his BIM experience, skill level
and commitment to doing a high percentage of its work in BIM.

Contractors in all markets are planning significant investments to expand their BIM programs in
coming years with a focus on internal and external collaborative procedures as well as mobile
hardware and BIM software.

BIM implementation has been around for many years in Canada, France, Germany, UK and US but
recently the markets have emerged in Australia, Brazil, Japan, Korea, and New Zealand. They are gaining
tremendous momentum and are overtaking perspectives of ROI, commitment to investment, offering
innovative new services and escalating the use of BIM to non-building projects such as mining and
manufacturing.

2 Copyright 2014 Hi-Tech CADD Services. All rights reserved.

According to this SmartMarket, top project-related
benefits that contractors are receiving from BIM for
construction includes reduced construction cost,
reduced project duration and improved safety. Various
other benefits include better cost control /
predictability and reduced cycle time for workflows.
Approvals are also considered as an important process
benefit of BIM.

Half of the contractors at the maximum level of BIM
engagement are reporting very positive ROI-in excess
of 25% on their investment in BIM. It has also been
observed that BIM is considerably curbing costly
rework on projects for 40% of the highest BIM
engagement contractors. Important aspect here is that,
more deeply a construction company is engaged with
BIM, greater are the chances to enhance their ability to
reap the benefits and realize a very strong return on the investments.

McGraw Hill Constructions investigation for BIM was conducted for ten countries: Australia, Brazil,
Canada, France, Germany, Japan, New Zealand, South Korea, US and UK. Contractors in each of these
countries reported positive Return on Investment through BIM for aforesaid challenges.

This is an exciting time in the global construction industry, and BIM is accelerating the pace of positive
change for contractors of all types, sizes, and locations.

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