BIM technology significantly speeds up and improves the accuracy of completion settlement work compared to manual calculations. During cost management, the BIM model library automatically updates whenever there are design changes, while project contracts, construction material management, and contract details are continuously refreshed. At the time of completion settlement review, the wealth of information fully represents the completed project’s physical entity. Auditors only need to verify the quantities generated by the BIM calculation model submitted by the construction team, eliminating the need for manual calculations and boosting work efficiency. Furthermore, since all parties share and collaborate on the same BIM platform using the same model, the final audit settlement results become more authentic and reliable.
Here are the key advantages of applying BIM technology during the EPC completion settlement stage:
1. Efficiency and Accuracy. Traditionally, completion settlement reviews based on 2D drawings are cumbersome. Auditors manually calculate quantities from the construction unit’s completion drawings, which is time-consuming, labor-intensive, and difficult to update on the spot. This process often leads to missed or duplicated quantities, causing inaccurate settlement costs.
2. Convenience and Clarity. Traditional EPC audits require auditors to have extensive knowledge of costs, construction specifications, standards, and processes. Typically, auditors must hold engineering degrees and possess both on-site management experience and auditing expertise. This places high demands on their knowledge and learning capabilities.
3. Integration of Engineering Data. EPC projects involve a large workload and multiple professionals, which often leads to personnel turnover and loss of work materials during handovers. This complicates audits and subsequent work. BIM technology helps by building an information model that stores data, classifies and organizes audit indicators, and creates electronic records, ensuring data preservation and sharing.
4. Supporting Verification and Settlement. Even when owners and audit departments have legally signed claim forms, doubts about the authenticity of on-site approvals are common. BIM technology addresses this by enabling real-time association and precise location of the model during claim signing. Any later disputes can be resolved by referencing system-stored images and data, facilitating mutual agreement. For smooth project execution, construction workers must diligently collect and organize raw material data and link it effectively with the BIM model system for future reference.
These are the main characteristics of BIM technology in the EPC completion settlement stage. I hope this article provides valuable insights!
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