BIM: A Solution that Can Help You Beat Disruption by Ensuring Your Assets Meet Their Cost, Time, Profit Targets

Large Real Estate projects nowadays increasingly have multiple stakeholders. The benefit of many working together as one is it becomes possible to achieve extraordinary results. However, there is a downside to having multiple stakeholders. It is that disunity can easily occur. When stakeholders are not all on the same page, costly confusion and missteps usually follow.

Large projects also must overcome the problem of not just multiple stakeholders but that of multiple components. Frequently, it is necessary to build these components concurrently. This significantly raises the risk that work will be incorrectly sequenced and scheduled, the result of which can be costly production bottlenecks, missed delivery deadlines, cost overruns, and unhappiness all around.

Another problem encountered with large projects is inadequate output. As noted in a World Economic Forum report two years ago, low output hampers project business and on-site construction. According to the corporate strategy director of a major global engineering and construction firm his product output "is in the unit of 1.”

Yet another problem is the tendency of planners of large projects to move forward on them despite immature definition and insufficient technical assessment. This is why construction costs of the massive Hamburg Elbphilharmonie complex (just to cite one example) increased from €241 million to €789 million. Similarly, insufficiency of funding is now characteristic of many contracts. Also, owners want more risk transferred to contractors (this especially matters in emerging-market infrastructure investments with private participation; these typically involve a transfer of risk to contractors, and, since 1995, the value of these contracts has more than tripled—at last count, they were worth $108 billion). Moreover, there is a growing complexity of contracts and their dispute-resolution provisions (25 years ago, a typical contract consisted of about 50 pages, whereas today it can easily exceed 1,000 pages).

The answer to these problems (and many others) is BIM—short for Building Information Modeling. BIM is the foundation of the Digital Transformation of the entire Real Estate industry. In the context of built assets, BIM involves the digitizing of processes into computer-readable information that permits even further automation and the development of new, data-driven, digital business models. BIM is a technology driven concept that guides construction planning and execution. It lowers costs, avoids waste, and positions your assets for genuine success.

Use of BIM Creates Value

Real Estate is a complex and deeply fragmented industry. Consequently, our industry has been the last to become a domain of digital innovation. However, this is changing. Increasingly powerful computing power is proliferating within Real Estate and bringing the industry to a digital tipping point. We at Arcadis believe BIM will ultimately have a profound impact on how assets are planned, designed, and operated. It will play an increasingly mission-critical role in the planning, construction, and maintenance of Real Estate assets.

Users of BIM will as a result benefit immeasurably from the unprecedented openness and transparency this technology makes possible. They will also benefit from the ways that BIM empowers new digital-enabled opportunities for faster delivery and higher quality. In short, BIM is digitization that can help you beat disruption.

The industry-leading approaches Arcadis takes with BIM explains why many asset owners and manager choose to partner with us. One such approach entails working closely with BIM technology providers to stay ahead of the curve so that we can offer exceptionally powerful BIM services to enhance the value of our clients’ assets at every stage of the lifecycle.

BIM is the Future

BIM is re-shaping Real Estate by opening the door to the digital future. Arcadis is doing its part to make sure that door is opened as widely as possible. We are doing that because we view BIM as the first step in the digital transformation of built assets. More specifically, we contend that BIM is the basis for digital transformation and will herald ever-greater use of automation, data analytics and artificial intelligence. In our estimation, the impact of BIM will be felt not only with regard to the physical aspects of asset lifecycles but the non-physical, including planning, design, operations, and maintenance.

The creative processes in all this will still largely be handled by humans; however, we believe that BIM will be there to support creativity—to nurture it, to grow it, to help it reach its fullest potential. Clearly, BIM is more than a solution to the problems of budget overruns and missed delivery deadlines. It is the foundation of the Real Estate sector’s transformation to digitization.

Bram Mommers

Chief Digital Officer +31 (0)6 2706 0391 Ask me a question
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