22

Aug
by

How do residential developers save millions of euros using BIM?

BIM stands for Building Information Modelling. It is a process that uses various tools and technology to manage and create a virtual, 3D design of a building. This digital process has had a significant impact on the building industry. 

According to a study by Stanford University’s Center for Integrated Facilities Engineering, BIM works well. The study found that BIM can reduce building costs by about 10% of the contract value. It also cuts down up to 40% of unexpected changes, which helps lower surprise costs.

  • BIM automates routine processes, significantly reducing project development timelines from the typical year to just 3-6 months. Advanced AI tools are now even integrated into the design phase.

With BIM, everyone has access to the same information. Parties can update the information whenever they make any changes or progress and can access necessary information by checking the detailed model at any time or place. 

  • BIM minimizes construction errors. The use of a BIM model greatly reduces clashes, bringing construction site errors close to zero— and every mistake avoided translates to significant cost savings.

One of the biggest benefits of BIM is that it improves the safety of the construction site. BIM will run automated risk analysis and safety evaluations. These will identify potential safety risks before they materialise. 

  • BIM optimizes material usage. By enabling precise cost control and detailed budgeting, BIM helps developers save on procurement, logistics, and storage. Additionally, this system plays a role in mitigating corruption risks.

BIM increases the use of prefabrication by facilitating an incredibly detailed plan of the project. With these detailed plans, it becomes a lot easier to identify parts of the building that could be prefabricated, and show manufacturers detailed plans of these parts. 

These benefits, however, are achievable only with the expertise of skilled professionals, whose value in the market reflects their critical role in maximizing BIM’s potential.