Promoting Sustainability through Investment in Building Information Modeling (BIM) Technologies: A Design Company Perspective

Marius Reizgevičius, Leonas Ustinovičius, Diana Cibulskienė, Vladislavas Kutut and Lukasz Nazarko
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Marius Reizgevičius: Department of Construction Management and Real Estate, Vilnius Gediminas Technical University; 11 Saulėtekio al., 10223 Vilnius, Lithuania
Leonas Ustinovičius: Faculty of Engineering Management, Bialystok University of Technology; 45A Wiejska Street, 15-351 Bialystok, Poland
Diana Cibulskienė: Siauliai University, 88 Vilnius Street, 76285 Šiauliai, Lithuania
Vladislavas Kutut: Department of Construction Management and Real Estate, Vilnius Gediminas Technical University; 11 Saulėtekio al., 10223 Vilnius, Lithuania
Lukasz Nazarko: Faculty of Engineering Management, Bialystok University of Technology; 45A Wiejska Street, 15-351 Bialystok, Poland

Sustainability, 2018, vol. 10, issue 3, 1-22

Abstract: The aim of this article is to enhance the understanding of how design companies perceive the benefits of Building Information Modeling (BIM) technologies application. BIM is recognized in the literature as a (potentially) powerful driver leading the construction sector towards sustainability. However, for design companies, the choice to invest in BIM technologies is basically an economic one. Specifically, a design company assesses economic benefits and efficiency improvements thanks to the application of BIM technologies. The article discusses the return on investments (ROI) in BIM technologies and reviews ROI calculation methodologies proposed by other authors. In order to evaluate BIM return on investment correctly practical ROI calculations are carried out. Appropriate methods, together with the relevant variables for ROI calculation, are developed. The study allows for adjusting the calculation method making it more accurate and understandable using the Autodesk Revit based ROI calculation of the first year.

Keywords: building information modeling; BIM; sustainability; sustainable design; return on investment; ROI; efficiency; BIM evolution (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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