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BIM adoption rates are high. Governments are making BIM mandatory for construction projects; however this consciousness still has to reach up to the private sector clients. Why is there still some kind of reluctance in adopting BIM in the private sector - even as BIM has a proven track record of the numerous benefits it imparts?

BIM can contribute in bringing transparency between all stakeholders. The root of BIM is "the single source of truth", and the industry recognizes that information transparency is more than important, than ever. But the truth is that it's a collective practice, where stakeholders look at it in their own commercial interest.

To those great minds involved in delivery phase of projects, 5D BIM is a blessing in disguise. Cost manager offers utmost value through their Cost planning, at the conceptual front end stages of a project by providing Cost advice and estimates on various Design proposals and then refining those estimates as the design evolves.

BIM can provide 3D constructible models to contractors that help them increase productivity and profitability. A general contractor is responsible for the means and methods of construction, in addition to construction coordination. He can access project specific documents and provide all the material labor and equipment required for construction.

Development of high rises and sky scrapers means huge investments; it also means that there is a lot at stake and hence Architects, engineers and contractors need to amp up project management work so that such large scale building development may be handled well.

In the midst of Australia's housing affordability issue, prefabricated homes offer a solution. Experts believe that prefab housing is likely to decrease the cost of a new habitant by at least 10 per cent (excluding the purchase cost of land). Case studies of UK show savings of up to 10% to 15% in building costs and a 40% reduction in construction timelines. Manufacturing is more efficient, and factories don't lose time due to bad weather.