The cost of “what might be”
In 2021, a large real estate operator approached Integrated Projects to digitize 1 million square feet of office spaces across their portfolio. They needed to see what they owned and verify that what they were paying $50/sf for was accurate. After scanning the space, producing accurate BIM, and generating location reports based on those outputs, IP found a disparity. They didn't have 1 million square feet, they had 980,000 square feet. That 20,000 sq ft difference was costing this real estate operator $1,000,000 a month for space that didn't exist.
The same year, another big operator acquired a company and, of course, all their assets. In this case, they had little insight into what these assets included. Again, IP scanned and digitized the space, this time, not finding disparities but finding the "what is". From chairs to equipment, this operator now had an accurate picture of their inventories based on equipment counts from an IP generated report. Now, they could determine, "what should be".
The value isn't in the numbers, even when accurate, the value is in what operators are able to do with those facts. In these instances, they could save a million dollars on rent or know exactly what their acquisitions budget had been spent on and what to do next.
We're seeing a wide variation of use cases for accurate building digitization. Accessibility initiatives, remodeling, marketing, even acquiring bank loans by properly documenting assets.
The essence of building information
In the case of acquisitions teams for larger companies, there’s a significant difference between having a general idea and knowing. There’s also a significant difference between digitizing the Pyramids of Giza and digitizing a client’s cozy cabin for remodeling, spurring the question of what this all means for smaller architecture firms, engineers, or even reality capture specialists. How quickly a team can manage project turnaround for their clients provides a clear advantage that translates to more clients and more time to focus on the big picture tasks required to take a small-business to the next level.
The essence of BIM is efficiency. The two terms are synonymous and yet, we’re seeing a tangle of workflows for a process, meant to save time, energy, and budgets. Getting a space digitized has long been a clunky process. Until the advent of BIMIT, folks would need to hire a series of expensive consultants, take valuable time to negotiate and coordinate digitization projects, only to dump those files in some Google Drive and hope someone can piece it all together to form a bigger picture.
Growth Hack
Since 2018, Integrated Projects has been working tirelessly to bring the benefit of facts to building owners, operators, architects, engineers, and designers. Today, anyone with an iPhone can scan their space, generate a point cloud, and request a BIMIT model. Integrated Projects is making it not only possible, but easy, to gain valuable insights on any space for any project. Scan to visualize, BIMIT to verify, reports to quantify, and the entire process is set in motion with the click of a button.