Exploring the Impact of BIM on Construction Project in Reducing Life Cycle Cost

Abstract

Building Information Modeling (BIM) has emerged as a transformative force in the construction industry, offering a multidimensional, collaborative platform that integrates planning, design, construction, and facility management. This paper explores the role of BIM in reducing life cycle costs (LCC) by optimizing time and cost throughout all phases of a building’s life. The study focuses on practical applications of BIM tools such as Autodesk Revit, Navisworks, and CostX to demonstrate how they contribute to improved cost estimation accuracy, clash detection, 4D scheduling, and 5D cost modeling. Using comparative analysis with traditional methods, and a case study based on a 2BHK residential unit, the research illustrates significant reductions in construction time, material waste, and financial overruns. The paper also examines the sustainability benefits of BIM, its integration with AI and digital twins, and policy recommendations to improve its adoption. Findings confirm that BIM is a crucial technology for achieving financial efficiency, sustainability, and productivity in construction, and that it should be considered an industry standard for future-ready infrastructure development.