The value of building information modelling for corporate real estate

Jamie Michael Cook

Corporate Real Estate Journal, 2014, vol. 3, issue 2, 164-173

Abstract: Building information modelling (BIM) is an evolutionary innovation that has taken the architecture, engineering and construction (AEC) industry by storm, with BIM being adopted fast by companies within it. But the benefits and potential of the new BIM process need to be realised by professionals outside the AEC industry and, more importantly, implemented by the C-suite members of organisations. This is essential for huge savings to be made on new or existing assets, mostly in operations, achieved by improving their functionality, operational efficiency and effectiveness. This paper first attempts to explain BIM and discuss its main benefits for clients while also developing BIM for use with facilities management (FM). With FM explained, the sub-categories within FM that can be easily linked to the BIM process are highlighted along with conceptual ideas, thinking needed from the client and important data drops for successful FM.

Keywords: building information; modelling; corporate real estate (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aza:crej00:y:2014:v:3:i:2:p:164-173

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