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Nearly $63.2 Billion Lost by Facilities Industry Since 2004

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Nearly $63.2 Billion Lost by Facilities Industry Since 2004

Written by Kelsy Van Camp
Friday, 18 April 2008
BOMI International presents a webcast, Building Information Modeling, to help the facilities industry reclaim a yearly loss of $15.8 billion due to inconsistent technology adoption and a lack of standardization. Annapolis, MD- In August 2004 the US National Institute of Standards and Technology (NIST) reported a conservative estimate that each year the US capital facilities industry loses over $15.8 billion due to “the industry’s continued paper-based business practices, a lack of standardization, and inconsistent technology adoption among stakeholders". Shocked by these figures, designers, engineers and the construction industry began to explore alternatives to current design trends and how they are communicated and constructed. The answer reflects a “move from analog to digital design and construction,” better known as Building Information Modeling (BIM), “a model-based technology linked with a database of project information,” as defined by The American Institute of Architects (AIA). In stride with industry advances, BOMI International, the education institute of choice for property and facilities management professionals, has created an innovative webcast series exploring solutions to building construction and maintenance that were thought too complicated or impossible before now. Once a month beginning May 6, the Chief Technology Officer at Satellier, Inc., Paul Doherty, AIA, provides students with insight, tips and strategies on how BIM affects an organization’s bottom line through case studies from real-world projects in the US, Europe, China and India. Within four months, students will learn exactly how to save time and money by implementing BIM processes of standardization and consistent technology adoption that begins with the design team and ends with the building owner/operator. About BOMI International Founded in 1970 and located in Annapolis, Maryland, BOMI International is a 501(c)(3) nonprofit education organization. As the trusted educational resource of choice for today’s top corporations, government agencies, property management firms, unions, and trade associations, we work across industry sectors to improve the skills of professionals at many levels with property, facility, and systems responsibilities. BOMI is known for industry-standard designations – the Real Property Administrator (RPA^®), the Facilities Management Administrator (FMA^®), the Systems Maintenance Administrator (SMA^®), and the Systems Maintenance Technician (SMT^®). More than 20,000 building professionals hold one or more BOMI designations, and nearly 10,000 students register for individual courses each year. For more information or to register with BOMI International visit; www.bomi.org Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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