The main roles of BIM technology in reducing the overall costs of construction projects

Abstract

Emerging in the recent past is Building Information Modeling technology and promising to change the entire industry into cost, efficiency, and optimization of project management in the construction industry. This article outlines how the application of BIM technology in building large and complex projects can play an important role in reduction of soaring costs in construction. Computer software in BIM integrates engineering construction information and services. BIM provides scope for easier execution of projects, optimum utilization of resources, and better implementation of multidisciplinary team approach. In the study conducted, some challenges of using BIM towards cost management include standardization of soft-ware integration lacking in some countries. BIM optimizes reduction of action changes above the budget and improves the design quality. These findings shed light on the necessity of adopting BIM technologies for the economic and technical improvements within the construction industry in view of the increasing pace of urbanization and growing complexity in projects.