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5D BIM visualization helps improve budget analysis and cost estimates. Conventional estimation techniques that depend on 2D drawings show potential errors, ambiguities and inefficiencies. A 3D BIM model live-linked to actual material quantities of construction objects, equipment and other resources helps mitigate inconsistencies in project cost estimations. 5D helps project stakeholders improve project budgets, delivers cost-loaded schedules and enables in-depth and accurate forecasts for agile comparability. With parametric modeling and higher process flexibility, cost-adjustments can be leveraged in real-time based on any design changes. The core value of 5D cost estimation enables General Contractors to enhance value-engineering judgments for project owners.

Construction businesses are often known to have a very traditional work setup. Rigid hierarchies and traditional systems are extremely unattractive to dynamic young employees. Many construction companies are now applying varied techniques and tactics to encourage productivity and build a good work culture in the team. If you are also looking beyond traditional boundaries for your construction team, then these ideas and methodologies will surely help!