Assessing the Benefits of Building Information Modeling for the Construction Industry

If social scientists use specific software solutions for deciphering data and understanding statistics, professionals in the construction industry also turn to Business Information Modeling (BIM) for project management, building construction, and infrastructure design. With the millions of capital involved in building, say, a condominium, stakeholders and their partner builders need smarter business solutions for managing resources and monitoring the project’s progress.

Here’s how BIM provides advantages to various industries.



BIM software involves smart features that support construction projects. There’s 3D visualization for a more impactful client presentation. Instead of looking at 2D drawings of floor plans and linear perspectives, clients and business owners can have a more realistic view of how a certain real estate project will look like when finished. Through these automated features, architects and engineers will have less time actually creating the designs and building models and instead focus on brainstorming, innovation, and idea-sharing.


Shorter Project Time

Since BIM software automates design and building processes, the building experts can better predict the resources necessary in running a project from initial ideation to even demolition. And because they know the accurate quantity of materials to buy and how many people to employ during the project, there is shorter project time involved as well. This can cut months of project running, and while a couple of months may seem too fast or boring too lay people, two months of additional project time can mean millions in costs for business owners.


Reduced Errors

With shorter project timelines as determined through construction risk management software, the stakeholders can also reduce errors in a project. There are change management features in BIM tools, after all. This allows contractors to modify the project as it goes. There are many factors that can affect the entire project – the supply of materials, the permits from the local government, and even the weather, too. Who builds fast under the rain or in a sandstorm, anyway? Even with incidental changes in a building’s plan, BIM will reduce the errors and keep the project going smoothly.


Lower Costs

With automated processes, shorter project time, and minimized chances of errors, all the stakeholders in a construction project will enjoy lower costs. Also, dealing with numbers can be challenging even with basic computers. Through smarter BIM software, a construction project’s budget can be more accurately estimated. The building contractors can assess the right quantity of materials to buy, determine the budget for labor, and in general manage the project more efficiently. Through an efficient virtual construction platform, building professionals can present more accurate data to the project owner and the stakeholders involved in a venture. Lower costs may then eventually lead to more profits for everyone.