Building Value Through Building Information Innovation
Recently, organizations have begun to report metrics associated with the application of BIM-based innovative project delivery methods such as virtual design and construction, lean construction, 3D and 4D methodologies, etc. From anecdotal evidence it seems reasonable to achieve a reduction in project cost of from 5 to 8 percent due to elimination of change orders, from 15 to 30 percent reduction in project duration, and an overall reduction in project cost of up to 20 percent on projects that use 3D, collaborative design/build methods. Stated another way, for a facility that would otherwise cost $100 million and generate $50 million per year in gross revenue this represents $5 million to $8 million fewer change orders, $20 million in overall cost savings and approximately $19 million in additional gross revenue due to earlier initiation of operations. These are compelling numbers and it is easy to see why project team members are eager to share in some of the benefits their investment in technology, training and changes to process methodologies have made possible for the owner.