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What's New
Owners — What Should You Do About BIM?Owners are hearing about projects coming in at 10% lower than budgeted when architects and engineers created their drawings and specifications using BIM as their modeling tool. We are now getting early reports of projects coming in at 20% lower than budgeted when IPD (Integrated Project Delivery) is used on a project; this is where the contractors and sub-contractors add detailed construction modeling to the architects and engineers BIM projects prior to bidding and construction. Conflicts are worked out in the model and not in the field. Prefabrication is possible because dimensions are very accurate and there is confidence that the prefabricated items will fit. Owners are also starting to realize that if they have many architects working on their … New Products, Specs & BIM Objects in SmartBuilding Index
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US Construction Projects| Commercial Projects (total value) | |
| Pre-Bid Phase: | $3,281,899,510,839 |
| Bid Phase: | $29,501,044,947 |
| Post-Bid Phase: | $1,751,080,956,797 |
| Civil Projects (total value) | |
| Pre-Bid Phase: | $141,308,871,771 |
| Bid Phase: | $13,502,625,113 |
| Post-Bid Phase: | $1,410,630,669,854 |
Canadian Construction Projects
| Commercial Projects (total value) | |
| Pre-Bid Phase: | $479,678,193,379 |
| Tender Phase: | $6,904,183,933 |
| Post-Bid Phase: | $42,926,978,369 |
| Civil Projects (total value) | |
| Pre-Bid Phase: | $134,067,824,368 |
| Tender Phase: | $910,808,000 |
| Post-Bid Phase: | $48,751,760,402 |
Reed Construction Data, a division of Reed Business Information and the Inaugural Strategic Partner of the AIA, is a leading North American provider of construction information through a diverse portfolio of innovative products and services. Reed offers its customers building information modeling (BIM) solutions, construction project leads, building product information, construction cost tools, market analytics and construction news through a suite of online and print references — all valuable resources for architects, engineers, contractors, manufacturers, distributors and other professionals in the construction industry. For more information, visit www.reedconstructiondata.com or call 877-REED411.
Reed Business Information, a part of the Reed Elsevier Group plc (NYSE:RUK and ENL), is North America’s largest business-to-business information provider, with more than 80 market-leading publications, 55 Websites and a range of leading business-to-business services.
