Building information modeling (BIM) is proving to be a worthwhile investment, according to recent research conducted by McGraw-Hill Construction.
Approximately two in every three respondents to a recent McGraw-Hill survey reported gaining a positive return on investment (ROI) in their BIM investments. About 87 percent of "expert users" participating in the survey indicated that they experienced a positive ROI from their BIM investments. About 20 percent of BIM users who measure ROI reported returns exceeding 50 percent. Offering new services with BIM was considered the top-rated business benefit of BIM among roughly half of the survey respondents.
Additionally, about two of every three respondents indicated that BIM's ability to assist a company in maintaining repeat business with past clients yields at least a moderate level of value. About one in every three users of BIM use such modeling on at least 60 percent of their projects, according to McGraw-Hill. Approximately 42 percent of users are considered to be at an "expert" or "advanced" level.
The company further reported a 75 percent increase in the use of BIM or BIM-related tools over the last two years.
For the survey, McGraw-Hill this past summer surveyed 2,228 architects, engineers, contractors, and others about their use of BIM. The margin of error was less than five percent.
For information about accessing the report, visit website http://www.construction.com, or click here.