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Exploring the Practical Benefits of BIM for Cost Management (Part II)

Yesterday, the editor discussed the application value of BIM in cost management. Today, we will continue exploring the topic by focusing on the timeliness of databases and the resource planning capabilities of BIM imagery.

3. Accumulation and Sharing of Cost Data

Currently, after cost agencies and construction units complete project valuation and final settlement, the relevant data is typically stored on paper or in digital formats such as Excel, Word, or PDF files. These records often reside in filing cabinets or hard drives, existing in isolation and making access inconvenient.

With BIM technology, engineering data can be converted into electronic formats enriched with BIM parameters. This allows for convenient storage, accurate retrieval, detailed analysis, and promotes data sharing and reference to past experiences.

Building a BIM database relies on the accumulation of historical project data and market information. This helps construction companies efficiently utilize project information models created by staff, based on relevant standards, experience, and planning materials. As a result, various progress reports, settlement statements, and funding plans required by owners can be generated quickly, saving construction units the time-consuming task of verifying data every month. Establishing a company-specific BIM database is therefore crucial.

The cost index library within BIM can also provide comparative metrics for similar projects, enabling accurate and convenient quotations when preparing bids for new projects. This helps avoid duplicated efforts and rising labor costs caused by the turnover of cost professionals within companies. During construction, BIM technology can also generate reports on project costs filtered by time, process, or specific areas, supporting refined management practices.

Ultimately, BIM serves as a unified platform for storing project information, significantly improving the efficiency of experience and information accumulation, sharing, and management.

Due to time constraints, we will conclude today’s discussion on the application value of BIM in cost management here and continue at another time.

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