scholarly journals The Influence of Building Information Modelling (BIM) towards Return on Investment (ROI) from the Perspective of Malaysian Developers: A Qualitative Approach

2019 ◽  
Vol 266 ◽  
pp. 05007
Author(s):  
Aryani Ahmad Latiffi ◽  
Ng Hua Tai
Keyword(s):  
Return On Investment ◽  
Qualitative Content Analysis ◽  
Structured Interview ◽  
Qualitative Approach ◽  
Building Information Modelling ◽  
Information Modelling ◽  
Face To Face ◽  
Analysis Technique ◽  
Building Information ◽  
The Impact

Building Information Modelling (BIM) was introduced in Malaysia in 2007. However, Malaysian developers were reluctant to implement BIM because they could not see the advantages of BIM in monetary terms. This paper aims to determine the impact of BIM towards Return on Investment (ROI) from the developers’ perspective. A literature review was carried out to review the linkage between BIM and ROI. The study engaged a qualitative approach and four (4) respondents were selected for preliminary data collection based on their expertise in BIM. Data was collected through face-to-face semi-structured interview sessions and was analysed using a qualitative content analysis technique. The findings show that BIM had impacted on the ROI of both the project and organisation. At present, these findings support the argument that BIM does have an impact on the ROI both positively and negatively. However, the findings prove that BIM is worthy of its pricey initial investment. It is therefore suggested that Malaysian developers to invest in BIM in spite of the pricey initial investment.

Building information modelling (BIM) and the return on investment: a systematic analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Apeesada Sompolgrunk ◽  
Saeed Banihashemi ◽  
Saeed Reza Mohandes
Keyword(s):  
Construction Industry ◽  
Return On Investment ◽  
Research Work ◽  
Value Drivers ◽  
Productivity Improvement ◽  
Building Information Modelling ◽  
Content Type ◽  
Factors Affecting ◽  
Information Modelling ◽  
Building Information

Purpose The purpose of this study is to identify and analyse the key measurable returning factors, value drivers and strategic benefits associated with building information modelling (BIM) return on investment (ROI). The findings of this study provide researchers and practitioners with up-to-date information in formulating appropriate strategies to quantify the monetary value of BIM. The suggested research agenda provided would also advance what is presently a limited body of knowledge relating to the evaluation of BIM ROI. Design/methodology/approach To fill the identified gap, this study develops a comprehensive systematic review of mainstream studies on factors affecting BIM ROI published from 2000 to 2020. A total of 23 academic records from different sources such as journals, conference proceedings, dissertation and PhD theses were identified and thoroughly reviewed. Findings The reported BIM ROI ranged greatly from −83.3% to 39,900%. A total of 5 returning factors, namely, schedule reduction and compliance, productivity improvement, request for information reduction, rework reduction and change orders reduction were identified as the most commonly reported factors that influence BIM ROI. Four quantification techniques including general assumptions-based theoretical model, perceived BIM ROI based on survey, factors affecting BIM ROI with no reported ROI and quantified BIM ROI based on a case study were observed and pointed out in the review, together with their limitations. Finally, three major gaps were raised as the lack of consideration on the likelihood of BIM assisting in a construction project, intangible returning factors influencing BIM-based projects and industry standards in benchmarking BIM ROI. Practical implications The outcomes of this study would assist practitioners by providing the current evaluation techniques that address the limitations with BIM investment and present issues relating to the economic evaluation of BIM in the construction industry. It is also expected that presenting a deeper and wider perspective of the research work performed until now will direct a more focussed approach on productivity improvement efforts in the construction industry. Originality/value This study identifies and analyses the key measurable returning factors, value drivers and strategic benefits associated with BIM ROI on an industry scale rather than a particular organisation or a project scale.

scholarly journals Modelling the Impact of Building Information Modelling (BIM) Implementation Drivers and Awareness on Project Lifecycle

2021 ◽  
Vol 13 (16) ◽  
pp. 8887
Author(s):  
Oludolapo Ibrahim Olanrewaju ◽  
Ahmed Farouk Kineber ◽  
Nicholas Chileshe ◽  
David John Edwards
Keyword(s):  
Structural Equation ◽  
Success Factors ◽  
Extensive Literature ◽  
Building Information Modelling ◽  
Information Modelling ◽  
Performance Improvements ◽  
Critical Success ◽  
Building Information ◽  
The Impact ◽  
Project Lifecycle

The Architecture, Engineering, Construction and Operations (AECO) industry is generally slow in adopting emerging technologies, and such hesitance invariably restricts performance improvements. A plethora of studies have focused on the barriers, Critical Success Factors (CSFs), lifecycle and drivers independently, but none have explored the impact of BIM drivers and awareness on the project lifecycle. This study empirically explored the impact of BIM drivers and awareness on the project lifecycle using Structural Equation Modelling (SEM). Initially, a conceptual model was developed from an extensive literature review. Thereafter, the model was tested using primary questionnaire data obtained from 90 construction professionals in Lagos, Nigeria. Emergent findings indicate that Building Information Modelling (BIM) drivers have a high impact on BIM awareness at the operation stage of the project lifecycle. The SEM model has an average R2 value of 23% which is moderate. Consequently, this research contributes to the existing body of knowledge by providing invaluable insight into the impact of BIM drivers on BIM awareness in the project lifecycle. Knowledge acquired will help industry stakeholders and government to develop appropriate policies to increase BIM uptake within contemporary practice.

scholarly journals Building Information Modelling and Standardised Construction Contracts: a Content Analysis of the GC21 Contract

2015 ◽  
Vol 15 (3) ◽  
pp. 72-84 ◽  
Author(s):  
Aaron Manderson ◽  
Marcus Jefferies ◽  
Graham Brewer
Keyword(s):  
Content Analysis ◽  
Information Exchange ◽  
Qualitative Content Analysis ◽  
Building Information Modelling ◽  
Information Modelling ◽  
Architectural Engineering ◽  
Collaborative Environment ◽  
Legal Risks ◽  
Building Information ◽  
Contract Structure

Building Information Modelling (BIM) is seen as a panacea to many of the ills confronting the Architectural, Engineering and Construction (AEC) sector. In spite of its well documented benefits the widespread integration of BIM into the project lifecycle is yet to occur. One commonly identified barrier to BIM adoption is the perceived legal risks associated with its integration, coupled with the need for implementation in a collaborative environment. Many existing standardised contracts used in the Australian AEC industry were drafted before the emergence of BIM. As BIM continues to become ingrained in the delivery process the shortcomings of these existing contracts have become apparent. This paper reports on a study that reviewed and consolidated the contractual and legal concerns associated with BIM implementation. The findings of the review were used to conduct a qualitative content analysis of the GC21 2nd edition, an Australian standardised construction contract, to identify possible changes to facilitate the implementation of BIM in a collaborative environment. The findings identified a number of changes including the need to adopt a collaborative contract structure with equitable risk and reward mechanisms, recognition of the model as a contract document and the need for standardisation of communication/information exchange. 

The Revolution of Quantity Surveying Profession in Building Information Modelling (BIM) Era: The Malaysian Perspective

2021 ◽  
Vol 12 (1) ◽  
Author(s):  
Tee Yun Ying ◽  
◽  
Ernawati Mustafa Kamal ◽  
Keyword(s):  
Current Trend ◽  
Structured Interview ◽  
Building Information Modelling ◽  
Building Projects ◽  
Information Modelling ◽  
Content Analysis Method ◽  
Building Information ◽  
Quantity Surveying ◽  
Model Platform ◽  
It Skills

Building Information Modelling (BIM) has becoming the current trend in the construction industry where quantity surveying serves as important discipline. Undeniably, BIM adoption has brought many advantages due to automation of multidimensional model platform that helps Quantity Surveyors (QS) to reduce arithmetic errors and removes many tedious tasks in conventional approach such as tendering and the production of bills of quantities (BQ). BIM will soon replace the traditional measurement done by QS if the Standard Method of Measurements (SMM) could be integrated in BIM. As a result, it is concerning that unemployment of quantity surveyors might be an issue if there is no revolution or adaptation of quantity surveying practices with the blossoming of BIM implementation in Malaysia. Hence, this research is carried out to determine the new skills needed by a quantity surveyor in order to keep pace with the implementation of BIM in Malaysia. Qualitative research method is used in this study in which semi-structured interview was carried out with 20 experienced QS that applies BIM technology in their practices. Data abstracted from the transcript of interviews was then coded though NVivo 12 Pro and analyzed by using content analysis method. At the end of the study, the findings revealed that the QS must attain IT skills and BIM software knowledge to align with BIM drive. It is thus recommended that thorough provisions of integrating traditional methods of quantifying and costing building projects with cutting edge technologies must be included in BIM standard to ensure that BIM can be adopted at its best in the profession with increase performance.

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