How to Pay for Your BIM Implementation: CAPEX, OPEX, and TOTEX Budgeting

Now’s the time to discuss and define the hard and soft costs of building information modeling (BIM) and virtual design and construction (VDC) in terms of capital spending (CAPEX), operational spend (OPEX), and whole-lifecycle total expenditure (TOTEX). How we budget for BIM within our organizations and on our projects is challenging and confusing, and business value needs to be defined in order to further technology integration and advancement. It’s not the technology that’s holding us back, it’s the procurement of that technology. Creating a BIM procurement and budgeting plan that addresses short- and long-term value for both users and viewers along the supply chain and at different phases of the project will optimize the usage of BIM, while increasing return on investment. Join this roundtable discussion to get your questions answered, and to hear how others are addressing BIM procurement and budgeting issues and how they’re getting clients and their companies to invest in architecture, engineering, and construction (AEC) technology.