Cost Reduction In Construction Industry Based On Bim Technologies

Ablyazov, T.H.

doi:10.15405/epsbs.2021.04.118

European Proceedings of Social and Behavioural Sciences

2021

DOI: 10.15405/epsbs.2021.04.118

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Cost Reduction In Construction Industry Based On Bim Technologies

T.H. Ablyazov¹

Abstract: This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

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2023

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Analysis of financing mechanisms for the digital transformation in construction sector

2023

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Digital transformation of the construction sector is one of the key tasks in the development of the digital economy both in Russia and abroad. However, at present, the digital transformation of the construction sector is carried out at an insufficient pace due to the lack of an effective mechanism for financing this process in construction. In this article, we have collected and analysed data on financing mechanisms for digital transformation projects in the construction sector in the European Union, China, India, UAE, as well as in Russia. As a result of this study, we substantiate the relevance of improving the mechanisms to finance digital transformation projects in the construction sector and substantiate the dependence of the pace of digital transformation in the construction sector on the level of development of the mechanism for financing the digital transformation process.

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Analysis of financing mechanisms for the digital transformation in construction sector

2023

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Applicability of electronic document management system (EDMS) for the cost management of mega construction projects in Sri Lanka

Rathnayaka,

Malsha Nadeetharu,

Kulatunga

2023

JFMPC

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Purpose Documentation plays a key role in navigating the costs of construction projects. Traditional document management systems (TDMS) used in developing countries, however, hinder the achievement of expected cost targets. Although the electronic document management system (EDMS) has been implemented to improve documentation, the Sri Lankan construction industry has failed to effectively adapt to it. Hence, this study aims to provide strategies for the effective application of EDMS to the cost management of Sri Lankan mega construction projects. Design/methodology/approach This study uses a qualitative approach followed by 12 semi-structured expert interviews. Quantity surveying experts were selected through judgemental sampling. Manual content analysis was used to analyse the data. Findings The EDMS is more suitable for megaprojects than traditional methods of documentation in terms of functionality, neutrality, interoperability, space, reversibility and delivery speed. However, there are contradictory views about cost and security. Furthermore, five transitional challenges of EDMS have been identified under the three key themes of cost, stakeholder perception and technical difficulties. Four reasons were also identified as causing these five challenges. Seven suggestions were made to deal with these transitional challenges and three key feasible solutions for the Sri Lankan construction industry regarding the EDMS were identified. Development of Sri Lankan software with low initial cost was highlighted as the most feasible solution. Originality/value This is a novel study to investigate the applicability of EDMS to cost management mechanisms of megaprojects in Sri Lanka. The findings reveal transitional challenges and appropriate feasible solutions for EDMS adaptation. This can be applied to the cost management of megaprojects in other developing countries as well.

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Cost Reduction In Construction Industry Based On Bim Technologies

Abstract: This is an Open Access article distributed under the terms of the Creative Commons Attribution-Noncommercial 4.0 Unported License, permitting all non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

Cited by 2 publications

References 4 publications

Analysis of financing mechanisms for the digital transformation in construction sector

Analysis of financing mechanisms for the digital transformation in construction sector

Applicability of electronic document management system (EDMS) for the cost management of mega construction projects in Sri Lanka

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