BIM Project Costs

Where’s the Expense?

Automating routine property operations started with a small investment in BIM technology. Inasmuch, ownership required a few BIM datasets, cloud storage and identities. Construction PropTech, AI and the expense detailed below are recovered in out-of-pocket savings. Users realized additional efficiency in time and manpower for our sample project.

Property Owner

The next generation of management and contractor platforms will use BIM data access to autonomize many of today’s manual processes.

BIM Objects (4 each)	4 hrs	$600
BIM Cloud Storage	Annual	$200
Access Control	One-Time	$1,000
Data Rate	On-Demand	$1

There’s a one time cost to create reusable BIM Objects. Cloud storage is a recurring annual expense. And, a single purchase digital identity is required for CaPSCi Access Control and AI autonomy.

Data rates similar to CAM charges will usually be absorbed by platforms performing data writes.

PM – Project Design

BIM use at the design stage of construction

Construction PropTech using BIM data from the building and product manufacturers simplifies the task of pricing construction projects for property owners, consumers and professional managers.

In built, preparing a Scope of Work for building upgrades and services is required on-demand or when necessary.

AEC Consultant	Reduced	$7,500
Scope of Work AI	One-Time	$1,500
AI Users	4	$80
Data Rate	Prepaid	$1

BIM and identity technologies combined with the on-demand use-case displace subscription models so user and data costs will be embedded in the price of market solutions adopted by users.

Construction AI replaces the necessity of using consultants to prepare a scope of work. AI to generate a scope of work form BIM data is an as-required technology expensed directly to construction projects.

PM – Project Bid

BIM data extends autonomy to pricing models where digital submission offers rapid analysis of bid prices.

Digital Bid	On-Demand	$200
Price Model	Embedded	$0
User Accounts	10	$0
Data Rate	Prepaid	$1

Bid submission technology also has an on-demand use-case but legalities require accurate records of user data stored in traditional accounts or persistent digital identities.

Bid tech is a management facing technology benefiting owners and management with AI and autonomy. Intermittent users can’t be charged to submit prices or review bid submissions and the analysis thereof.

Contractors

BIM use to create contractor bid pricing

BIM extends autonomy to contractor technology. Improvements in cost analysis, bid accuracy and turn-around all derive from BIM parameters.

Project Estimation	Third Party	$0
Tech Specs & Docs	Third Party	$0
Digital Identity	One-Time	$500
Data Rate	Prepaid	$1

Digital identities are expensed by service providers to facilitate autonomous communications between diverse property stakeholders.

Identities link contractor tech and personnel to construction projects and AI libraries, autonomous scheduling, service requests, dispatching and work orders.

Limited Exposure

Building owners can limit exposure to emerging PropTech with BIM and Identity solutions.

Investor PropTech	Cost	$3,500
Project Savings	Internal	$4,000
Time Savings	100 hrs	TBD
Data Rates	Total	< $4

Owner managed BIM clouds allow technology to be expensed where autonomy closes the gap between AI, proptech, construction, contractors and other service providers.

BIM and identities offer technology independence, enables on-demand price models and improves value in the property and its data

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