Integrative design, 3-D modeling can protect senior facility developers when unforeseen rising manpower and material costs cause major budget shortfalls in senior projects, according to a blog on the McKnights website.
One way to facilitate flexibility in planning is the use of integrative design technology, such as BIM or Building Information Modeling.
The project stakeholders gets to review the project in 3-D which helps determine actual costs on design elements.
The major advantage in cost management here is that as the construction contractor becomes engaged early in the planning stage, he or she is able to assign costs in “real time” as the designs are being developed, the article said.
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