Increasingly, these major capital projects are being funded by third parties, both through joint venturing, debt raising and PPP structures. This is increasing expectations around transparence, governance and a need to demonstrate that the right systems and processes are in place to deliver the project on time and on budget.
The effective delivery of capital projects requires extensive information exchange between different teams – clients, design teams, contracts and their supply chain. Building Information Modelling (BIM) intends to structure these exchanges, providing formats and standards within an organisation / project.
BIMS is not only becoming more prevalent but mandatory in a number of countries. Increasingly this level of data systems is critical to both airport owners and other airport stakeholders who are expecting information as it interfaces with their systems and procedures. But BIMs is more than the installation of applications and technology; it is a mind-set that requires integration across the business and its supply chain.
Some of the key benefits we have observed through the successful application of BIMs for owners and other stakeholders includes:
At Deloitte we are strong believers in these benefits through both the build and operational phase of the assets and that all major capital projects should be adopting a BIMs strategy to realise these potential benefits.
by: Dorian Reece, Director, Real Estate, Deloitte Corporate Finance Limited (regulated by the Dubai Financial Services Authority)
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