Building Information Modeling (BIM) has marked a huge change in the AEC (Architecture, Engineering and Construction) industry creating value by allowing better analysis and control than the manual process. The digitization and computerization of this sector have exposed new inputs using the BIM fundamentals and characterizing them into recognized dimensions such as 3D, 4D, 5D and so on. These descriptive modalities thus refers to time, cost, estimating, scheduling etc.
3D: is the three dimensional rendering of the artifact
4D: is for duration analysis
5D: is for cost analysis
6D: is for the assessment of sustainability
7D: is the management phase

What is 5D BIM Technology?

The 5th dimension added to 4D-BIM model stands for “cost”. It serves as an asset in decoding the coded Modeling process, extracting data from 3D Models for estimation and then creating the cost plans.
It is the most accurate and automated approach to avoid errors in estimation during rendering and construction stages.
A 4D-BIM model is sufficient to complete the project and by attaching a cost database to it assigning the actual costs of materials, equipment and personnel a 5D-BIM model can be created providing the construction team with a useful tool. The implementation tools for applying BIM 5D model are relatively new and have only been available from about a decade.

Two Main Aims to Implement 5D

• Firstly, it improves the productivity across a construction project by leveraging the value of accurate and complete information.

• Secondly, it can provide support to all the involved stakeholders so that all the issues across the life-cycle of a building can be managed well.

Here is the 5 main benefits of 5D BIM:

1. Accurate Quantity Take offs

5D BIM helps build a database of cost and pricing, crew composition and labor productivity rates.

2. Cost Forecast and Estimation

5D BIM helps get cost-loaded schedules, detailed analysis of project risks and accurate cash flow forecasts.

3. Real-time Changes as per the Design Modifications

It helps us understand how a change in the design of a project will influence the scheduling and budget of the project.

4. Improved and Quick Decision Making Process

With 5D BIM tools, the construction companies can compare multiple cost estimates with the target cost of project that helps take more informed decisions.

5. Multi-Platform Access

It enables us to understand which areas of the construction work add to the total costs and how.

Today’s BIM technology adoption has offered a lot of automation and functionality to AEC sector revolutionizing the construction industry. Accurate and informative cost management may have a serious impact on the success of construction project. BIM technology has set efficient new trends for proper resource deployment, planning, designing and managing of the construction process. Contact Deinde Experts for smart and unique BIM Solutions!