The Cost Myth: Understanding the True ROI of Building Information Modeling (BIM)
Introduction Building Information Modeling (BIM) has revolutionized the construction and architectural industries. Despite its growing popularity and proven benefits, a common misconception persists: BIM is too expensive. This belief often stems from an initial cost perspective, overlooking the substantial long-term Return on Investment (ROI) that BIM offers. In this article, we'll explore the true ROI of BIM, focusing on its efficiency , error reduction, and collaborative benefits, highlighted through a case study from Desapex, involving an excavation contractor. What is BIM? Before delving into the ROI of BIM , it's essential to understand what it entails. BIM is more than just a 3D design tool ; it's a process that involves the generation and management of digital representations of physical and functional characteristics of places. This process enables a virtual information model to be handed from the design team to the contractor and subco...