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4 BIM Cost Savings and Efficiency Factors

We’ve spoken a few times about the benefits of BIM. The main reason companies are fast adopting BIM (outside of mandates) is the savings you can make on costs and time when you implement BIM. But how exactly does that work?

How does BIM actually save you time and money on your projects and are there any actions you can take, when implementing BIM, to ensure you’re working as efficiently as possible?

We explore BIM cost savings and other efficiency factors gained by BIM in this blog, broken down into four key advantages.  

4 BIM Cost Savings and Efficiency Factors

 

1. How BIM Improves Collaboration…

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Inefficiency has plagued our industry for too long and one of the main reasons for its existence is the lack of ability we’ve historically had to collaborate fully.

We have been failing to collaborate fully on our projects, leading to time delays while costs went high above initial estimations. The way that BIM can improve the collaboration of your projects is by opening up channels of communication, making it easier for you to work effectively with other parties involved with your projects.

What has improving collaboration got to do with your projects’ efficiency and cost saving? Well, with the latest BIM software, teams can work together on the same platform to ensure everyone involved plays their part in effectively planning out and considering the project. Whether it’s in the tendering and bidding process or by coming together to communicate over the BIM design, all stakeholders in the project can give input no matter where they are in the world. 

So, being able to more easily communicate together is one of the main reasons our projects are becoming more efficient. But how can you implement BIM effectively enough that you’re collaborating to the fullest extent of the word?

Despite BIM providing the tools for greater collaboration, our industry still struggles with the issue of classification systems when it comes to labelling BIM models, demonstrating that our industry still has some way to go in order to fully incorporate BIM into our processes and become truly collaborative.

This said, BIM is slowly changing the way our industry operates and you’ll want to position yourself ahead of that shift before it’s too late.

 

Download Kreo's eBook to learn how we are unleashing the potential of 4D & 5D BIM 

2. How BIM Reduces Cost…

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By using software like Kreo, you are able to keep a tight lid on every aspect of your project, not least the cost. When planning a project and tendering bids, cost is one of the most important aspects and you need to make sure you have all the information needed to calculate it accurately.

Using artificial intelligence with products like Kreo Plan, you are also able to run ‘What If’ scenarios to determine any potential outcomes of your project in terms of cost. Should the timescale of your project decrease, Kreo will calculate your cost accordingly, giving you the information needed to make informed decisions.

When you’re planning a project, you'll take into account two main factors:

  • Timescale of the development  
  • Overall cost.

Getting BIM cost savings right from the start will increase your project's likelihood for success.

 

3. How BIM Saves Time…

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As mentioned, the two most important words in construction are ‘time’ and ‘cost’. Being able to reduce both these elements of your projects is the holy grail for project managers and contractors alike.

It’s no wonder then, that one of the major reasons for the existence of BIM is to reduce these elements and improve the efficiency of our projects. With BIM, not only do we unleash creativity and free up collaboration, but we also save time and reduce costs by becoming more efficient.

By automating the time-consuming elements of our roles, we free up space to take on more projects and, by gaining accurate estimations, we reduce the chance of encountering unexpected costs.

Hiccups, like discovering unexpected costs or dealing with unplanned time constraints, are some of the main issues we encounter when taking a look at the causes of inefficient projects. The chance of these issues occurring are greatly reduced by simply implementing these systems into the way you go about the planning stage of your next project.

Using Kreo’s ‘What If’ feature, you are able to calculate the timescale of your project depending on other factors of cost and labour etc. No more calculation and recalculation for every slight change in plan. Kreo does that for you, allowing you more time to focus on the aspects of your project that matter most.

 

4. How BIM Increases Sustainability…

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There’s a real trend in our industry currently to be sustainable and it's no surprise that the latest technology out there is helping to make our projects more energy efficient and eco-friendly.

Besides the obvious benefits to the environment of your projects not overrunning on time and materials, BIM can help you to design your models in such a way that optimises them for minimal environmental impact.

BIM also helps you to visualise your projects within the surrounding environment to see how it will fit in its location and what impact that would have. Having this information in advance of a project starting can be a major benefit in the planning process by making changes before it’s too late.

Now you know the major efficiency factors of BIM and how it can save your projects time, money and headaches, will you join us in becoming a BIM evangelist ?

BIM is finally making noises in the built environment. Knowing all this, does anyone really have an excuse for ignoring it? BIM cost savings and efficiency gains will revolutionise the AEC industry. Companies that fall behind the curve risk missing out on projects in the future.

If you want to learn more about how Kreo can help with making your projects more efficient, book a free demonstration with us.

Download Kreo's eBook to learn how we are unleashing the potential of 4D & 5D BIM