US construction company now expanding business by investing in BIM

SACRAMENTO, Calif. - Oct. 18, 2022 - PRLog -- BIM is a powerful tool for construction companies. It helps owners and designers to analyze and visualize the entire construction process. It also helps with construction sequencing and quantity take-offs. Many companies are using it to increase their productivity and reach new heights. However, it can be challenging to adapt to a new system.

While BIM is beneficial for large construction firms, it is also essential for smaller construction companies. Many small construction firms have relied on traditional CAD methods for decades, and switching to BIM can be difficult. Smaller businesses may not have the resources to hire and train their own engineers. Moreover, the initial costs for BIM software are relatively high, so small construction companies are often hesitant to invest in it.

According to the US Construction Institute, the industry is facing a labor shortage. While the unemployment rate has decreased in recent years, job openings have increased. In April, the number of job openings in construction firms increased by 40%, making it the biggest increase since 2000. The number of job openings in May, meanwhile, grew by 39% year-over-year. The recent Infrastructure Investment and Jobs Act is expected to provide additional jobs for construction workers.

By reducing project-related errors and reducing the time it takes to complete a project, BIM helps the construction industry move past business-as-usual. It improves processes, shortens project cycles, and uncovers problems earlier, eliminating the risk of delays and overruns.

Another important benefit of BIM is that it is now being demanded by building owners. While they may not have immediate use for the data, the "digital twin" created by the BIM process will help owners manage their buildings better. These data can be used for asset tracking, facilities management, lease management, property tax, and other owner-specific processes. It is now being used by over half of construction companies. Moreover, 81% of companies plan to implement it within the next 10 years.

Streamlining construction processes can save a construction company as much as 20% of its cost. Moreover, it can increase the quality of construction and reduce the time it takes. The lack of digitization can also result in projects taking longer and going over budget, which means lower financial returns for contractors. The construction industry has been slow to adapt to process innovations, which limits its productivity and profitability. Many companies use paper to plan projects, while supply chain practices are still quite inefficient.

However, MaRS Trans USA LLC also provided some details on digital transformation for the construction industry. Follow the link to read more about it.

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Location:Sacramento - California - United States
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