Why Choose 5D BIM Technology for Construction? 4D and 5D BIM technologies are revolutionizing the construction industry. Governments in several countries across the globe have authorized BIM adoption for professionals in the Architectural, Engineering &Construction sector. Implementing the new BIM trend helps in an efficient deployment of resources, designing, planning, and decreasing rework during the construction process.5D BIM technology comes next to 4D BIM time scheduling, integrating design with estimates like cost and encompassing the production of quantities (BOQ/BOM), rate of development and overall costs.The integrated information-rich 3D BIM models with additional dimensions of 4D scheduling and 5d cost estimation ensure improved management of change orders on project costs and scheduling. Integrating cloud technology with BIM facilitates stakeholders to access data from anywhere on any device. Here are the top 5 benefits of availing 5D BIM technology for construction projects: 1. Improved Cost Estimate:Using 5D BIM technology, you can create the exact quantity of various components of buildings produced with a high level of detailing from the 3D BIM Models. The manufacturing details can be compared with the existing purchasing rates for estimating the entire cost of the building. To take an instance a significant project management company in Saudi Arabia requiredclash detection, quantity takeoffs, and scheduling during construction work. Information-rich Building Information Modeling (BIM) with LOD 500 as perAIA standards facilitated MEP, Architectural & Structural services using Revit & Navisworks software platforms, producing an accurate cost estimate and smoother construction operations. 2. Accurate Quantity Takeoffs:Usually, estimators spend around 50% to 80% time in generating quantity take off for cost estimate. The automated process helps to reduce human errors, by saving cost and time. Consequently, with more time on hands, estimators can emphasize other vital facets of the project like evaluating financial risks, detecting construction assemblies and generating pricing. More than 60% of the failures of the construction industry are often caused by economic factors, due to theshortageof liquidity in daily operations. The problem gets resolved by associating costinformation to the conventional 3D model & scheduling, called 5D BIM. This facetlets the immediate creation of financial estimates against time, therebydecreasing the time-consuming task of computing resources and evaluatingspecific costs while reducing errors.