A crucial consideration for property management companies is identifying the information in a BIM model that is truly valuable for effective management. Why is access to accurate areas, components, and building documentation so important? With the rapid advancement of digital solutions, property management companies can no longer ignore the numerous advantages offered by these technologies. Increasingly, systems and processes require more detailed information, making it crucial for information to be easily shareable, well-structured, and, above all, accurate.
These changes are not only relevant today but will also provide an even greater competitive advantage in the future for companies that invest in long-term development of people, technology, and processes. Imagine if we valued structured building information as we do a car and its service history. Unfortunately, many property management companies still allocate substantial resources and expose themselves to significant risks in transactions due to inadequate documentation. Property ownership has traditionally been a relatively safe investment, with generous loans and few incentives to optimize economic processes. However, these traditional perspectives are now being challenged from various angles.
A building’s life cycle consists of different phases, with the construction phase being the most labor-intensive stage that offers incentives and opportunities for development and optimization. On the other hand, property management deals with large volumes of properties built over decades, each with different conditions regarding access to and use of information. Defining the precise information (regarding objects and components) that will be interesting and relevant to know, gather, and analyze throughout a building’s life cycle is a complex task. It is crucial to start with information that is relevant to the daily and strategic operations of your business and build upon it. This could be as simple as area information, inspection data, and specific requirements for different objects or components. Collecting data, gathering the right data, and, most importantly, utilizing it correctly form a long-term strategy. However, it can also yield immediate results with the right approach.