The use of BIM in construction sectors – Some vital statistics
A survey was conducted by Dodge Data & Analytics on large construction project stakeholders having $50 million or more in annual value. It revealed that 50% of trade contractors, construction managers and general contractors utilize BIM on over half of all projects.
The study established that while general contractors and construction managers use more in-house BIM as compared to trade contractors, they significantly undervalued trade contractors applying BIM on projects at 14% when, in real life, it is 57%. Over 90% of GCs and CMs agreed that if trade contractors use BIM on a project, it carries additional value. The Dodge study disclosed that the application of BIM minimized the requirement for requests for information throughout the building development and also caused less reportable safety matters.
Trade contractors informed that the reportable safety matters reduced significantly with the application of BIM. So the trade contractors are the most benefitted sectors to reap the benefits from BIM. Contractors also informed that BIM helps them to minimize minimum 5% in cost. Furthermore, the owners or clients mostly motivated the trade contractors for the implementation of BIM.
BIM is considered as the most crucial and extensively recognized new technology method engaged in the construction industry in recent times. As said by a Timetric Construction Intelligence Center (CIC) survey this month, the mainstream of the construction industry respondents accepted that BIM will the "future of the industry." 49% of respondents had been applying BIM, whereas another 10% informed that they intended to apply BIM within a year. However, the Timetric survey revealed that 82% of the survey participants told that they only applied BIM on less than 25% of their projects. Cost savings and efficiencies are the most vital aspects of using BIM.
In June, Research and Markets announced that the international BIM market, governed by the Asia-Pacific region, should extent to $11.7 billion by 2022, a progress rate of 21.6% between 2016 and 2022. The study revealed that BIM is expanded & implemented in all phases of construction all over the globe especially in Asia and has been directed by evolving BIM mandates, a flourishing real estate market as well as accredited by contractors and other industry players who reap the benefits of BIM.
Image Courtesy: thebimhub.com