Money Matters

The benefits of BIM for estimators

As an estimator, you probably know something about building information modeling (BIM). After all, use of BIM is growing across the construction industry. In a recent survey by Timetric’s Construction Intelligence Center (CIC), 49% of respondents reported that they are currently using or piloting BIM.

But do you know the benefits of using BIM for estimating?

In the new e-book BIM Basics—An estimator’s guide for understanding building information modeling, you’ll get an overview of BIM from an estimating perspective. The ebook covers:

  • BIM’s rising adoption among contractors
  • The fundamentals of 3D, 4D, and 5D BIM
  • The major benefits you can expect from model-based estimating (5D BIM)
  • How to overcome the estimating challenges of incomplete models

Models are rich with data that many estimators are tapping into to improve their understanding of projects and the accuracy of their estimates. In fact, a 2015 SmartMarket Report by Dodge Data and Analytics showed 64% of contractors believe BIM has a medium to high impact on improving the process and accuracy of estimating construction costs.

One thing is clear: BIM is reaching beyond the traditional design-engineering applications, into the world of estimating. Perhaps it’s time to take a closer look at this new dimension of BIM.

Download the BIM Basics for estimators e-book.