BIM technologies will help reduce risks in project financing of residential construction. Starting from July 1, 2019, housing construction in Russia will switch to a new model – project financing, in which the main risks for unfinished construction will be assumed by financial organizations rather than shareholders. New BIM technologies will be able to help them assess risks, examine residential projects, and monitor their implementation.
RBC Real Estate’s editorial team, together with CSD, one of Russia’s leading distributors of integrated automation for construction companies, explains why BIM technologies are needed, how they will help credit institutions and how they can change the construction market.
BIM (Building Information Modeling or Building Information Model) is a digital representation of the physical and functional characteristics of an object that covers more than just the geometry of the building. BIM takes into account many factors and information about the object, its individual elements (even manufacturer details), geography, design and other data, including its impact on the environment and vice versa. All these data, along with technical and economic indicators and other characteristics of the object, form an information model in which a change in one parameter leads to an automatic recalculation of the rest.