Careers Design Engineer and BIM Modeler Voxel1 have an exciting...
Read MoreBIM - ROI
Building Information Modeling is an investment that has both short-term and longterm benefits. However, the return on investment calculation is greatly affected by the steep learning curve and productivity drop at the early stages.
While calculating the ROI for BIM Adoption, one should consider parameters beyond software and hardware expenses. One of the major advantages of investing in BIM being increased productivity and gaining better clarity over project information, such items will greatly affect the final perception on ROI for BIM.
As a general guideline the break even point for BIM investment is slower than expected. For a small to medium scale firms, it is considered to be between 12 and 24 months.
Investment in BIM
Software & Hardware
Training & Knowledge sharing
New recruitment cost
BIM Maintenance cost
BIM Consulting
Loss / Gain in BIM
Productivity Loss & Gain
Project quality gain
Training duration
Project turn-over gain
Return on Investment = Loss & Gain / Investment.
1.1 Modeling
Building Information Modeling is the process of authoring, analyzing and...
Read More1.2 Management
Building Information Management is the process of managing & maintaining...
Read More1.3 Benefits of BIM
Benefits of working in a BIM environment are evident across...
Read More1.4 BIM – ROI
Adoption of BIM from a traditional practice requires significant investment....
Read More1.5 BIM Maturity
Implementing and Adopting BIM involves changing and managing several aspects...
Read More1.6 In-House Adoption
Developing a BIM system for an organization in-house might be...
Read More1.7 BIM Consultant
Taking support from External BIM Consultants will help gain the...
Read More1.8 Open BIM
With new technology being developed every year, BIM Models should...
Read More1.9 Change Management
Managing the change to BIM for an organization involves activities...
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