To understand who owns the savings that come about from Building Information Modeling you need to understand when a contract is formed and where the money is.
David Mitchell, Partner & 5D Quantity Surveyor at Mitchell Brandtman, explains what BIM means for costs in Part 4 of his BIM Day Out presentation. Watch the short video below: https://www.youtube.com/watch?v=SUQVfTd4Vj0
Also take a look at the other Parts in this video series: Part 1: ‘What Skills does a 5D QS need?‘, Part 2: ‘What is a 5D QS’s Methodology?‘ and Part 3: ‘Contracting & Applying the Methodology‘.
As well as our other BIM Cost article: “BIM Cost Benefits: Who Owns the Savings?”
This series of videos is from BIM Day Out where they have more great BIM presentations over at BIMtv. You may also be interested in BIMCrunch.com’s article “BIM Cost Benefits – Who Owns the Savings?”.