In Part 1 of our series on Return on Investment (ROI) and BIM, we reviewed the success of large scale institutional owners and stakeholders and how BIM is creating metrics that demonstrate savings achieved particularly for public projects. In Part 2 we look specifically at the Contractors and Sub-Contractors and how well BIM is returning on their investment.
At the heart of it, BIM improves communication in an industry that’s famous for dispute rather than effective communication.
For construction contractors and sub-contractors performance improvements can be measured in the form of a reduction in variations or change orders and contingency expenditure, but the question will remain in the case of:
- an improvement; was it due to BIM or simply a high performing team?
- a decline; was it due to a learning curve?
For individual businesses that are providing construction goods and services, efficiencies in applying a new internal process can be quantified by measuring changes in the cost it incurs over time in the form of reduced hours, resources, waste and difficulties.
Many now agree that the technology is a tool to create efficiencies within their workflows and business operation. It allows project teams to leverage their resources better and utilise the whole project information for their own benefits in delivering a project well.
Real Return on Investment û What’s in it for me?
Like any new process, product improvement or technology, there are early adopters (and innovators) that take the leap of faith at the beginning of an innovation cycle and have the greatest opportunity to gain (and to lose).
So what do the early adopters have to say and will they share their secrets on ROI?
The following is a collection of project examples and…
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