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Building information modeling is no more the wonder word that the construction industry raved about. Today BIM has become vernacular of professionals working on building design and construction projects for large buildings and complex structures. The question that construction firms are asking is not about whether to implement BIM or not, now it is all about how it will be executed.

BIM has a distinctive ability to identify clashes, interventions and omissions before the construction work starts. BIM software like Navisworks simulates clash detection to allow assessment of risks, and plan mitigation strategies during the development process.

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.