Posts Tagged 'BIM'

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Taking the Risks out of Project Profitability With BIM

High risk, low margin. This all too familiar description of the construction industry is at the heart of contractors’ laser focus on bottom line profitability and overcoming the variables that can (and often do) go awry.

The proof of that challenge is in the numbers. According to KPMG’s “Climbing the Curve, 2015 Global Construction Project Owner’s Survey,” just a quarter of construction projects in the last three years came within 10 percent of their original deadlines. And Turner and Townsend’s 2016 International Construction Market Survey found that the average global construction project margin fell from an already low 6.3 percent in 2015 to 6.1 percent.

No matter the size of the project or the timeline, there has always been a harsh reality: Expect the unexpected. But what if you could remove more of the surprises and reduce risk—all with increased profits? 

PMIS: Revolutionizing Owner-Contractor Relationships

Facility owners have historically been left out of the construction project management technology game, as most platforms and tools focused on innovations for contractors, architects and engineers. That trend is changing with the rise and expansion of project management information systems (PMIS) designed specifically for owners. Even so, PMIS usage among owners and contractors has room to improve to facilitate better project execution.

Forecasting IT Trends in Construction

With the promise of IoT, mobile, cloud and other emerging technologies, contracting companies cannot slow their pursuit of technology. In fact, construction companies are going to be faced with more options, greater demand, increased complexity and higher costs. 

Generate Laser-Focused Estimates Using BIM

With progressive BIM technology, construction professionals reduce project errors and generate upwards of 50 percent time savings during estimation periods. 

To BIM or Not to BIM: Looking at It From the Owner’s Perspective

Facility owners and even many AEC firms perceive BIM as a tool that increases the cost of a project. This perception is exacerbated by the fact that training staff on this emerging and evolving technology, and its processes and tools, requires additional financial investment. 

U.S. and U.K. Building Owners Anticipate More BIM Usage

Forty percent of U.S. owners and 38 percent of U.K. owners expect that more than 75 percent of their projects will involve BIM within the next two years, according to a recent McGraw Hill Construction SmartMarket report.

Supplementing BIM With 3-D PDFs Enables Better Communication

What happens when project partners don’t have access to or technical knowledge of solutions leveraging BIM? How can teams make sure that all members—including consultants, engineers, contractors and clients—can contribute to the conversation as early as possible?

Five Ways BIM Can Reduce Project Risk

BIM gives general contractors clarity about building projects with an opportunity to correct potential problems before breaking
ground. Everyone involved benefits from having precise, actionable information that improves planning and execution to reduce risk and keep projects on schedule and within budget.

3-D Scanning Increases Efficiency and Profitability

With efficient 3-D laser scanning technology, a time-of-flight 3-D scanner can capture millions of measurable data points in a matter of seconds within 4 millimeter accuracy at a distance of 300 meters.

Great[er] Expectations

These days, rigorous safety protocols, fair pricing and tight scheduling aren’t the only hallmarks of the manufacturing construction segment. Technological capabilities and quality assurance/quality control (QA/QC) expertise are gaining importance with plant owners—giving a competitive edge to contractors with the right mix of skilled employees to execute these services.

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