McGraw-Hill Construction yesterday released the Building Information Modeling (BIM) SmartMarket Report together with premier sponsor Autodesk at Autodesk University 2008 in Las Vegas, Nevada.
The report finds a growing enthusiasm and take-up for BIM (building information modeling) among architects, engineers, contractors, and owners, and usage is expected to grow rapidly in the coming year, despite the economic recession. Users plan to significantly increase their investment in BIM in 2009 to realize greater productivity, improved communications, and a competitive edge.
The report shows that companies that are tracking BIM value metrics are reporting returns on investment (ROI) as high as 300 – 500 percent through improved project outcomes, better communication, enhanced productivity, and a positive impact on winning projects.
The report aims to educate users to the value of BIM and introduce BIM concepts. BIM promotes a more collaborative environment. 73 percent of BIM users are at least moderately involved in green building projects and find BIM to be helpful with those projects. BIM tools can help analyze energy use and efficiency within a building design.
“BIM is quickly becoming the gold standard by which firms do work,” said Steve Jones, Senior Director of Business Development, McGraw-Hill Construction, and one of the co-authors of the report. “It is a notable differentiator among competitors, a time-saver, and a cost-reducer. BIM dramatically shifts businesses’ productivity and ROI. This is why we are seeing such rapid growth.”
To read the full press release go here.