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Three-Quarters of Contractors Using BIM Globally Report Positive ROI on Their BIM InvestmentsJanuary 8, 2014
BIM is making a huge impact for several contractors that are using the software on a global scale. According to a recent study by McGraw Hill Construction, contractors in nine out of ten of the world’s top construction markets using BIM report that they are seeing positive ROI on their investments.
Not only are these businesses seeing the benefits in ROI, they are also seeing reduced errors and omissions, more collaboration, and enhancements of their business’s image on an international scale.
Autodesk was the study’s premier partner and Lisa Campbell, vice president, Industry Strategy and Marketing at Autodesk, Inc., had plenty to share about the role of BIM in the future of the construction industry.
"As greater industry demands unfold, BIM is emerging as a vital process to promote efficiency and leaner operations throughout a construction project's lifecycle," says Lisa Campbell, vice president, Industry Strategy and Marketing at Autodesk, Inc., which was the study's premier partner. "And contractors are poised to see tremendous benefits from BIM across all regions."
The results from the study show how rapidly BIM is picking up, and it’s expected that this momentum will continue growing stronger. Over the next two years, contractors expect that the percentage of their work that includes BIM will increase by 50%.
This study also gives a clear demonstration that companies that are more invested in BIM are seeing the biggest returns. For example:
--Half of the contractors with a very high BIM engagement report returns in excess of 25% on their investments in BIM,
-- 40% of the contractors with very high BIM engagement levels report that BIM significantly reduced rework on projects, resulting in a significant cost savings.
Check out the full study for the complete breakdown of the business value of BIM for construction in 2014.
You can download a copy of the Information Mobility SmartMarket Report here.