In the construction industry, decisions based on incorrect information have far-reaching consequences. This isn’t breaking news, of course, but consider: A recent global Autodesk study on the repercussions of data errors in the construction industry shows that, in a single year, "bad data may have caused $1.8 trillion in losses worldwide and may be responsible for 14% of avoidable rework." In the UK, research from the Get it Right Initiative (GIRI) indicates that the true figure may be as much as 21% per annum.
With slim margins and more pressure than ever to deliver projects on time and on budget, the degree of financial loss is a stark reminder of the importance of up-to-date and accurate content. Good data ensures that the virtual objects in a BIM model behave just as they will in the real world. Bad data is like a malignancy: It spreads throughout projects and infects all processes that rely on accurate content. How can we plan, model, or estimate if we aren’t certain that our foundation is solid?
Bad content, bad outcomes
One of the outcomes of rapid technology adoption in the construction industry is the sheer volume of content generated throughout the project lifecycle and the velocity with which it changes.
While construction information is exploding, many construction companies still collect and manage data using manual processes. For them, the norm is that a substantial amount of their content is bad content, derived from inaccurate, outdated, and/or incomplete information as well as irrelevant or redundant input.
What’s worse, when problems bubble up from these errors (and it usually happens in the field), even more manual processes are required to determine accurate items, dimensions, and prices. All this rework takes up significant time and resources that could otherwise be spent on revenue-generating activities. The result is often a considerable deficit to a company’s bottom line — as well as its image.
Design more, manage less
The ability to utilise up-to-date content throughout the construction process is no longer a luxury; it is now a requisite and primary source for competitive advantage. How you leverage content is directly correlated to the quality of your estimates, decision making, and project management capabilities. When designers, engineers, and contractors adopt a strategy to utilise current and reliable content, they can focus on what they're good at — construction design and implementation — and avoid costly delays and rework.
If you could boost your profit margin by 20% or more, wouldn’t you jump at the chance?
A recent global study by Dodge Data & Analytics found that contractors that implement precise BIM — using a foundation of current and reliable content — experience an array of additional critical benefits: Better design quality and client satisfaction, a higher rate of smooth and successful projects, and improved win rates. An externally-managed, always up-to-date option, then, seems like a no-brainer.
Consistency when collaborating
Upon adopting a strategy to use good content, it’s also important to ensure that the whole project team can access it and that it can be updated and made instantly available to everyone, whether they are in the office or in the field. Integrated distribution tools make efficient collaboration easy by ensuring that everyone shares the same information, all the time. The outcomes of this combined strategy are clear: Standardisation across the organisation, enhanced collaboration, improved decision making, less re-work in the office, and even less rework in the field — all leading to efficiencies that improve your bottom line.
Trimble can help
Choosing technology that delivers reliable product content — regularly updated and verified by manufacturers — will deliver significant and measurable value to your business. We at Trimble stand ready to help you.
MEPcontent is the world’s largest BIM library, with up-to-date content from more than 630 manufacturers and millions of brand- and part-specific MEP objects that you can filter by country. Trimble Connect is an integrated distribution solution that gets the right data to the right people at the right time.
If you work in Revit, watch the video below to learn how Stabicad for Revit can improve your design quality whilst saving you time and money, thanks to a range of productivity tools, comprehensive multi-region compliant integrated calculations, and direct access to MEPcontent.
For more information, get in touch to speak with a specialist and see how Trimble solutions can help you.