April 2, 2014

McGraw Hill Construction’s latest research report, “The Business Value of BIM in Australia and New Zealand”, was recently launched across Australia by the Company’s Senior Director of Business Development, Mr Stephen Jones.

Key industry leaders, including the AMCA, Autodesk Australia and A.G. Coombs, sponsored the SmartMarket Report, which reports on  how Building Information Modelling (BIM) is now transforming the Design and Construct industry in Australia and New Zealand.

51% of firms are engaged with BIM on more than 30% of their projects today; 74% report that they will be engaged in BIM on more than 30% of their projects by the end of 2015.

Business benefits and returns from BIM are reported as key drivers behind the planned growth:

• Positive Return on Investment: Reported by 75%, with 30% citing ROI of 25% or more.
• Positive View of Potential Benefits from BIM: 52% report they can gain more than they already receive, and 39% believe they are just scratching the surface of what they can gain.

Some specific notable insights in converting non-users to users include:

• Changing the perception of BIM’s efficiency for smaller projects: 54% of non-users working only in Australian and New Zealand report that it is an important/very important factor delaying their use of BIM.
• Demand by owners, including a government mandate: significantly more non-users working only on in-country projects believe that their competitors and clients are not using BIM, compared with their peers at global firms. This suggests that education is needed in this market.