Efficient airport capital spend

airport (2)The region’s advantageous geographical location has supported the rapid expansion of the region’s airlines demanding investment into its airports in an attempt to stay ahead of the continuing growth.

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:

  • Reduced start-up costs, and reduced construction defects
  • Impact of design-stage decisions over life cycle performance and cost
  • Impact of design-stage decisions over life cycle performance and cost
  • Reduced management process costs arising from incomplete data
  • Energy efficiency and reducing carbon emissions
  • More reliable data through ‘single source of truth’ philosophy
  • Better asset view at portfolio and national level
  • Optimisation of operation maintenance costs
  • 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)

    The views and opinions expressed herein do not represent nor reflect those of Deloitte. Deloitte shall endeavor, as reasonably as possible, to screen such information which is obtained, to the best of Deloitte’s knowledge, from reliable source. As such, Deloitte cannot guarantee the accuracy of the information featured nor the validity of the opinions and/or analysis and interpretation expressed herein. Opinions, conclusions and other information in this interview/article which have not been delivered by way of the business of Deloitte are neither given nor endorsed by it.

    This article contains general information only, and neither DTME, DTME affiliates nor any of Deloitte Touche Tohmatsu Limited member firms are, by means of this article, rendering any accounting, business, financial, investment, legal, tax, or other professional advice or services of any nature whatsoever. Information included in the  article is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your finances or your business. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser. None of Deloitte Touche Tohmatsu Limited, its member firms, or its respective affiliates shall be responsible for any loss or damages whatsoever sustained by any person who relies on this publication.

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