Cost Benefit Evaluation using BIM Enabled Designs

Abstract

With the rise of the construction industry in Pakistan and the shift of major sectors towards automating their workflow for a greater yield overall,the adoption of Building Information Modelling (BIM) has gained significant momentum in the construction industry. BIM enables enhanced collaboration, improved project coordination, and streamlined data management throughout the project lifecycle. However, the cost implications of implementing BIM-enabled designs have not been extensively studied, especially from an industry perspective. This final year project aims to conduct a comprehensive cost benefit evaluation of BIM-enabled designs, focusing on their impact on project delivery, construction efficiency, and long-term operation and maintenance costs. The study employs a systematic research methodology, including a literature review, case studies, and data collection from industry professionals and project stakeholders and it will provide valuable insights into the economic advantages and challenges associated with implementing BIM-enabled designs in the Construction Industry. By highlighting the potential cost savings, increased project efficiency, and improved decision-making processes, this study aims to promote the wider adoption of BIM among industry practitioners, project owners, and regulatory bodies. The significance of this research lies in its ability to bridge the existing knowledge gap regarding the cost benefits of BIM-enabled designs. By establishing a comprehensive understanding of the financial implications, this project will enable stakeholders to make informed decisions when considering BIM implementation and help drive industry-wide digital transformation initiatives.