How does BIM help in reducing construction cost & time?

Almost everyone in the AEC industry is now familiar with the BIM (Building Information Modelling) technology. BIM is a process that aids in more effective building planning, design, and construction for architects, engineers, and contractors. Essentially, BIM enables more efficient resource usage throughout design, construction, and operations, which eventually lowers costs and time. BIM also has the capacity to reduce material waste, which helps to reduce construction costs while also safeguarding the environment.

But how does BIM contribute to time and cost savings?

1. Transparency & Collaboration: 

With BIM, you can easily collaborate and maintain transparency among the project stakeholders and the personnel involved throughout the project by creating consistent informative virtual models and access to the same, single source of truth, leading to efficient design coordination & construction communication thus saving time and consequent costs, rather a loss and wastage in later stages of construction.

2. Quicker Takeoffs & Estimates: 

BIM disciplinary models allow you to calculate and take off the precise quantities of materials needed for your project. Once the models are created as per requirements and standards, the quantity takeoff will take negligible time and with higher accuracy. Resulting in better insights into the project at each stage of the project and so better time decisions. This will also eventually enable you to place timely material orders, preventing delays and preserving budgets. Saving time and keeping costs under budget are the results.

3. Improving Project Planning 

With BIM, it is possible to forecast the project's timeline with the construction sequence and keep track of it while the project progress. Additionally, there will be a weekly plan and look ahead plan which will give the planners with managing the work fronts and resources on time hereby avoiding any delay in the project

4. Dynamic Design & Changes

Once the designs are converted into the BIM Models, any changes pertaining to design and construction can be done effectively in the model and the same will be reflected automatically in all the drawings without any extra effort. This will greatly reduce the laborious work of design and revision, time for the design changes, and improve coordination. 

5. Successful Project Delivery on Time

BIM helps to overcome any problems before the project is carried out on-site. Resolving site problems after the installation has already begun is expensive. With BIM, it is simple to see potential issues and resolve them before the project is finished. Rework, conflicts, waste, and delivery delays will all be decreased as a result.

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