Building information modelling (BIM) is integral to real-time information coordination between various built environment disciplines, informing decision-making and improving analysis and simulation. Whilst proponents of BIM claim a variety of client benefits, the potential of BIM from the diverse perspectives of the property domain has largely been overlooked, as has the broader scope of the property lifecycle. This study explores the role of the ‘value dimension’ of BIM; that is, the processes that extend beyond the project lifecycle and the data that is used to assess risk, growth and depreciation through the life of the property.
This research shows there is a place for BIM and the value dimension and that this will grow. As our industry incorporates digital technologies, it is imperative that it extends to all stages of building lifecycles. There is great potential to expand the current use of BIM data for property professionals and to expand the range of data linked to BIM for use by property professionals.