Market Insight – Building Information Modeling (BIM) in the Global Construction Market
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With efficiency and cost-effectiveness dominant issues in the construction industry, the rise of building information modeling (BIM) is seen as an important tool in achieving these aims. BIM is a shared knowledge resource for information relating to a facility, both physical and functional. Computer-aided design (CAD) has been a tool for building designers for many years; however BIM attempts to gather information relating to design, functionality and life span in forms which can be shared by the participants in the project. In this way, designers, contractors and suppliers can have a current view of the progress of the building project and have an influence on the design and specification prior to, and during, execution. Three dimensional (3D) representation is a key element of BIM, however this can be widened to 4D – which includes time frames, and 5D – which additionally comprises cost management.
BIM has been implemented worldwide, with the more advanced economies of the US, Japan, South Korea, Germany, France, Brazil, Canada, Australia and New Zealand recording a significant take-up.
The pre-fabrication of elements and products as a result of BIM will result in cost savings and better project specifications. Waste is a significant cost factor on site and will be reduced with the implementation of greener construction techniques and products being better coordinated.
Scope
• A general assessment of attitudes to BIM among survey respondents
• The current state of BIM use in the global construction industry
• An overview of the key findings from GlobalData’s survey
• Analysis on the expected use of BIM in the global construction industry in the future, namely: the next two years and the next three to five years
• Insight on the perceived changes in organizations’ expenditure on BIM over the next 12 months
• The key benefits of BIM; including analysis on potential cost savings, fees and operational efficiencies
• The effects of BIM on subsequent profitability and ROI post implementation
• Detail on the factors influencing decisions to implement BIM in three categories: for respondents using BIM or planning to use BIM within 1 year, those piloting BIM and those not currently using BIM
• Analysis of the key barriers to the implementation of BIM in the global construction industry
Key Highlights
What is the ultimate driver behind implementation of BIM?
What is one of the key findings of the survey in regard to BIM implementation?
What percentage of survey respondents does not currently use BIM? How many are currently piloting the system? What is the share of respondents who are planning to use BIM within the next 12 months?
How do survey respondents view the future of BIM in the global construction industry?
Reasons to Buy
• Gain an understanding of the key trends in the uptake of BIM in the global construction industry and align your operations to those which may offer you commercial advantage
• Identify the main barriers to the implementation of BIM and minimize exposure to any risks to your profitability
• Access insight into the main drivers of BIM in the global construction market and target implementation where it offers you the best return on your investment
• Investigate the investment intentions of key decision-makers in the global construction industry and be responsive to the strategies of your competitors
• Evaluate the potential cost savings and ROI through the implementation of BIM and formulate cost-effective and efficient strategies to drive your expansion plans
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Frequently asked questions
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