Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
June 2015
Building Information
Modelling and the
Value Dimension
rics.org/research
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The views expressed by the authors are not necessarily those of RICS nor any body
connected with RICS. Neither the authors, nor RICS accept any liability arising from
the use of this publication.
All rights reserved. No part of this publication may be reproduced or transmitted in any
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information storage and retrieval system, without permission in writing from the publisher.
Copyright RICS 2015
Contents
Glossary of Terms .................................................................................................... 6
Executive Summary ............................................................................................... 7
1.0 Introduction and scope of research ...............................................10
1.1
Rationale for the research ...............................................................10
1.2
Research question, aims and objectives.......................................10
1.3 Limitations...........................................................................................11
1.4
Structure of the report......................................................................11
2.1
2.2
2.2.1
2.3
2.3.1
2.3.2
2.3.3
3.1
3.2
6.1
6.2
6.3
6.4
Data through-life................................................................................43
Challenges & Benefits of BIM...........................................................43
Integration of BIM in Property Education......................................44
Recommendations and further research......................................44
7.0 References.....................................................................................................45
Appendices ................................................................................................................47
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List of Tables
Table 1
Information Categories Developed for Workshops and Survey......15
Table 2 Descending relative importance of data types for
Stakeholder Groups (highest to lowest)..............................................23
Table 3
Relative Importance of Five Main Information Types
& Stakeholder Groups...............................................................................23
Table 4 Challenges to through-life information management and
corresponding RII......................................................................................25
Table 5 Comparison between Australian and UK participants perspectives
regarding the key drivers and challenges when sourcing,
integrating and generating data through-life....................................28
Table 6
Frequency of use of data types by area of practice / discipline.....36
Table 7
Data need score by data type / area of practice................................37
Table 8
Tests of Professional Differences in Information Importance.......39
List of Figures
Figure 1 Property Development and Management processes compared
with Single Facility Project Processes (Source: Authors) ...............13
Figure 2 Selection of sort cards showing data types adapted from
Lutzendorf & Lorenz, 2011 ....................................................................20
Figure 3 Importance of Main Information Types according to
Stakeholders and Activities across CPDM/ Project
Lifecycle Phases........................................................................................24
Figure 4 Relative Importance of Challenges to Through-life
Information Management .......................................................................26
Figure 5 Data needs for a Buildings Surveyor Technical Due
Diligence survey ........................................................................................29
Figure 6 Data needs for Portfolio Management Surveyors through
the lifecycle ................................................................................................30
Figure 7 RICS region respondent work in ............................................................31
Figure 8 Respondents area of current practice ...............................................32
Figure 9 Land use types and sectors of property respondents work on ......32
Figure 10 Use of Information Technologies in the workplace ...........................33
Figure 11 Understanding of BIM ..............................................................................34
Figure 12 Experience of BIM .....................................................................................34
Figure 13 Source of BIM training .............................................................................34
Figure 14 Information Type Need versus Frequency ..........................................38
Figure 15 Key Challenges in information management through life ...............41
Figure 16 Key benefits of digital information through life ................................42
Glossary of Terms
AEC
AECO
BIM
BMS
PDM
O&FM
PLM
RICS
ROI
Return on investment
VBM
TM
Transaction Management
3D
4D
5D
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Executive Summary
Building Information Modelling (BIM) offers rich
opportunities for RICS property professionals to use
information throughout the property lifecycle. However, the
potential benefits of BIM for property professionals have
been largely untapped to-date. BIM tools and processes
were originally developed by the architecture, engineering
and construction (AEC) sector to assist in managing
design and construction data. As these technologies and
processes mature and evolve, so too does the opportunity
for other professional groups to utilise various types of data
contained within, or linked to, BIM models.
This report outlines the findings from a research project
investigating the potential for RICS property professionals to
utilise BIM data. Workshops were carried out in Sydney and
London with property professionals, and a global online
survey was conducted. From these, data types and needs
were identified and then mapped across the property
lifecycle. Alignment with BIM data was undertaken.
Following on from this, issues around training and
education for existing and future members were reviewed
along with the ways in which BIM can be integrated into
property education on RICS accredited courses.
Methods
This research adopted a two-stage research design.
The research had the characteristics of qualitative
research, in that it sought to investigate the potential
for property professionals to use BIM data. To do
this, it was necessary to ascertain and gain a deeper
understanding of their information / data needs and the
type of data required. The first stage of the research
employed a Delphi approach, which seeks to aggregate
the opinions of a panel of experts through successive
rounds of questionnaires and interviews. The results
from each round were collated and fed back to the panel
anonymously and then the panel was asked to provide
further comment. Two groups of diverse and experienced
property professionals were invited to share their
knowledge and experiences in real time, in Sydney and
London, over the course of three workshops. The scope
of each workshop was as follows;
Workshop 1 Objectives: Identify the types of data that
each of the professional groups use in daily activities
and, the associated challenges of through-life information
management,
Workshop 2 Objective: Identify upstream and
downstream data requirements related to professional
property service tasks,
Workshop 3 Objective: Analyse upstream and
downstream data requirements relative to data
characteristics, such as; quality and accessibility.
Following analysis of the data generated by the
workshops, an online survey of RICS members globally
was undertaken. This stage of the research adopted a
quantitative approach to validate the earlier qualitative
data collected in the workshops. The survey comprised
four parts to ascertain members knowledge and
understanding and discover how best BIM data can be
used most effectively within the property professions.
The survey allowed us to;
1. Map the property information/data that members use
currently,
Key findings
The key findings are that there is potential for BIM in the
Value Dimension; that is for the property profession. In
respect of the five research objectives this research finds;
1) The specific data types that are used by a number of
property professionals through the property lifecycle
were identified in the workshops. Property professionals
undertake a very diverse range of professional tasks
through the building lifecycle and participants use
a total of 24 data types listed below (see table 2 also).
1) Building Description
2) Health & User Comfort
3) Tenant & occupier Situation
4) Functional Quality
5) Payments In
6) Construction Quality
7) Land Features
8) FM Quality
9) Surrounding Characteristics
10) Technical Quality
11) National Market
12) Design/Aesthetic Quality
13) Payments Out
14) Market & Letting Vacancy Situation
15)
Design Process Quality
16) Site Features
17) Planning Quality
18) Macro-Location
19) Environmental Quality
20)
Micro-Location
21)
Cultural/Image Value
22) Operational Quality
23) Environmental Context
24) Urban Design Quality
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Conclusions and
recommendations
10
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1.3 Limitations
The research is limited to the investigation of these
considerations from a property development,
management and valuation perspective. This perspective
encompasses a large range of professional property
service tasks surrounding property development,
property and portfolio management, property investment,
property transactions and real estate, property valuation,
property and facilities management, and building
surveying. Whilst the research study and methodology
sought representation across these different property
professionals, the researchers encountered some
difficulties in obtaining equal representation across
those dealing with commercial, retail, multi-residential,
health, and education properties. This research limitation
surrounding stakeholder representation was encountered
in the workshops, where commercial property interests
were more widely represented.
11
12
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1) Conception;
2) Planning and Feasibility;
3) Preparation;
4) Execution;
5) Operation and Maintenance (O&M) and
6) Recommissioning (see figure 1).
Figure 1
Commercial Property
Development
& Management
Lifecycle Phases
Conception
(C)
(PD)
Planning &
Feasibility
(SD)
(SD)
(DD)
Preparation
(P)
(CD&CO)
Execution
(E)
(OM)
Operation
Maintenance
(OM)
Recommissioning
(R)
Source: Authors
13
14
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Table 1
1.
L ocation National Market Descriptors 1. Location Information Types, including:
National Market Data
Macro Location Data
Micro Location Data
2.
L ocation Macro Location Descriptors
3.
L ocation Micro Location Descriptors
4.
Plot of land characteristics and
configuration descriptors
5.
Plot of Land Surrounding Context
Descriptors
6.
Mechanisms / Instruments
7. Economic Quality Payments In
Descriptors
8. Economic Quality Payments Out
Descriptors
9. Economic Quality Vacancy /
Letting Descriptors
15
16
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17
18
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19
Figure 2
20
Selection of sort cards showing data types adapted from Lutzendorf & Lorenz, 2011
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21
RII = W
A N
where W = weight given to response, A = highest weight,
and N = number of respondents.
The relative importance index (RII) for all 22 information
types were calculated for all participants, and then
calculated according to each professional group. The
22 information types were arranged in descending order
of relative importance according to all participants and
ranked. The highest RII indicates the most important
information types with rank 1, the next indicating the next
most important with rank 2 and so on. The rankings of
each professional group were compared to the overall RII
rankings shown in Table 2.
The highest ranked attributes that fall within the top 5
information types according to All Responses (in Table
2), i.e., calculated across four groups: Development and
Asset Managers, AEC Professionals, Valuation and Cost
Managers, and Transaction Managers and are discussed
below. The All Response column (in Table 2) shows the
five most important information types were;
1. Building Description (RII 0.92),
2. Functional Quality (RII 0.87),
3. Land Features (RII 0.85),
4. Technical Quality (RII 0.85), and
5. Payments Out (RII 0.85).
22
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Table 2
Descending relative importance of data types for Stakeholder Groups (highest to lowest)
Information Types
1 Building Description
Development
AEC
& Asset
Value & Cost
All Responses Professionals Managers
Managers
Transaction
Managers
RII
Rank
RII
Rank
RII
Rank
RII
Rank
RII
Rank
0.92
1.00
0.92
1.00
1.00
2 Functional Quality
0.87
1.00
0.83
0.92
1.00
3 Land Features
0.85
1.00
0.83
0.92
0.75
20
4 Technical Quality
0.85
1.00
0.92
0.83
12
0.75
20
5 Payments Out
0.85
21
0.44
1.00
0.92
1.00
6 Site Features
0.82
1.00
0.83
0.92
1.00
7 Environmental Quality
0.82
0.89
0.83
0.83
12
1.00
8 Operational Quality
0.79
0.89
0.83
0.75
17
1.00
0.79
0.89
0.83
0.83
12
0.75
20
0.79
22
0.33
0.92
0.92
1.00
10 Payments In
11 FM Quality
0.77
19
0.67
11
0.83
0.88
1.00
12 National Market
0.74
19
0.67
12
0.83
0.75
17
1.00
0.74
22
0.33
12
0.83
0.83
12
1.00
14 Planning Quality
0.74
14
0.78
12
0.75
18
0.75
17
1.00
15 Micro-Location
0.72
1.00
15
0.75
18
0.75
17
1.00
16 Environmental Context
0.72
14
0.78
15
0.88
0.83
12
1.00
0.72
22
0.33
15
0.92
0.67
23
1.00
18 Construction Quality
0.72
0.89
15
0.75
18
0.88
1.00
19 Surrounding Characteristics
0.67
1.00
19
1.00
0.88
1.00
20 Design/Aesthetic Quality
0.67
0.89
19
0.75
18
0.75
17
0.75
20
0.67
14
0.78
19
0.83
0.75
17
0.75
20
22 Macro-Location
0.62
14
0.78
22
0.75
18
1.00
0.83
19
23 Cultural/Image Value
0.59
0.89
23
0.63
23
0.88
0.75
20
0.51
14
0.78
24
0.63
23
0.63
24
0.75
20
Table 3
RII According to
Stakeholder Groups
Development &
Asset Managers
Location
Plot of Land
Building
Descriptors
Process Quality
Economic Quality
Med. to High
Significance
Low Significance
Med. to High
Significance
Med. to High
Significance
High Significance
AEC Stakeholders
Low Significance
Med. to High
Significance
High Significance
Med. to High
Significance
Low Significance
Medium
Significance
High Significance
Med. to High
Significance
Low Significance
Med. to High
Significance
Medium
Significance
Medium
Significance
High Significance
Transaction
Managers
23
Figure 3
Commercial Property
Development
& Management
Lifecycle Phases
Conception
(C)
(PD)
Planning &
Feasibility
(SD)
(SD)
(DD)
Preparation
(P)
(CD&CO)
Execution
(E)
(OM)
Operation
Maintenance
(OM)
Location
Descriptors
Plot of land
Descriptors
Building
Descriptors
Process Quality
Descriptors
Economic Quality
Descriptors
Development
& Asset Mgmt.
Stakeholders
Valuation
& Cost Mgmt.
Stakeholders
Low significance
Low-Medium significance
Medium significance
Medium-High significance
High significance
24
AEC
Stakeholders
Transaction Mgmt.
Stakeholders
Recommissioning
(R)
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3) Context,
4) Security and privacy, and;
5) Digital skills and knowledge competencies.
Table 4
Type
Sub Type
Challenges Identified
Technology
based
Challenges
1. Ensuring data to be compatible and interoperable over long timescales (RII 0.90)
Interoperability &
2. Ensuring data can be sustained and updated over long timescales (RII 0.85)
Data Standards
3. Ensuring data can be organised such that it can be discovered and exploited (RII 0.92)
4. Human error, information overload and cognitive limitations (RII 0.77)
Data Quality
& Fidelity
Data verification and validation (GIGO Garbage in, Garbage out) (RII 0.85)
10. Number of disparate data sources and disjointed nature of information flow (RII 0.87)
11. Differences in levels of availability of data between stakeholders through-life (RII 0.54)
12. Compressed timeframes for data generation, sourcing and analysis (RII 0.56)
SocioTechnical
Challenges
13. Conflict in interests relative to data transparency and business interests (RII 0.74)
14. Confidence in IT infrastructure security in distributed networks & data stores (RII 0.81)
Security &
Privacy
15. Privacy preserving analytics and granular access control (RII 0.82)
16. Secure data storage and data provenance (RII 0.81)
17. Intellectual property and information ownership (RII 0.90)
18. End-point validation and filtering (RII 0.82)
19. Lack of digital skill sets and domain knowledge (RII 0.85)
Digital Skills
& Knowledge
Competencies
25
Figure 4
Interoperability
and Data
Standards
Data quality
and fidelity
Impact of
context
Privacy and
Security
Digital Skills
and Knowledge
Competencies
26
0.2
0.4
0.6
0.8
1.0
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27
Data consistency,
accuracy & reliability
across all lifecycle
phases
Data format and
interoperability
Data quantity Vs
quality
Disjointed nature of
information flow
Lack of combined
domain-specific
knowledge & digital
skill sets
Conflicts in interest
relative to data
transparency &
business interest
UK
Aus
UK
Human Error
Aus
UK
Process and
Workflow
Aus
UK
28
Table 5
Differences in level of
availability of data to
all users through-life
Lack of education
and training- both
institutional &
organisational
IT infrastructure
security in distributed
networks & data stores
Privacy preserving
analytic & granular
access control
Compressed
timeframes for data
generation & analysis
Communication
difficulties &
differences in domain
specific language
Uncertainty
surrounding value of
data & its ongoing use
through-life
Continual reporting/
justification of
business case for
data collection and
upgrading
Human error,
cognitive limitations &
information overload
End-point validation
and filtering
Security of property
and building metadata
tags through-life
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Figure 5
MAJOR COSTS
Visual
Inspections
MINOR COSTS
Health
and User
Comfort
Basic
Building
description
Discussion
with F.M.
Environmental
Quality
Site
features
Access to
Maintenance
Data
Functional
quality
Report
to Client
Land
features
Discussion
with Semas
/Structural
Engineers
Operational
Quality
Environmental
Context
Technical
Quality
Use,
maintenance
and repairs
Redevelopment,
sale, demolition
Redevelopment/ strategic
optioneering
29
30
Titles and
Easements
Site Plan
Topography
Flooding
Maps
GEO
Report
Conceptual
Design
ESD
Modelling
Design
Reports
SPESC
Environmental
Quality
Conceptual
ESD Report
Brief
Design
Report
Indicative
Costs
Health
and User
Comfort
SSPECS
Detailed
Design
Operational
Quality
Technical
Quality
Costs
Conceptual
Report
Facilities
Management
Quality
Pre-construction
and site
establishment
FM Score
Construction
and defects
OH&S
Audits
Tenant
Survey
Asset Plan
Accountant
Receivable
Asset Plan
General
Ledger
Tenancy
Schedule
Design
Report
Concept
Diagram
Hazmat
Report
Land
Features
Design
Report
Handover and
operations
start-up
Asset
Plans
Health
and User
Comfort
Payments
In
Investment
Model
Payments
Out
Investment
Model
Tenant and
Occupier
Situation
Environmental
Quality
Asset management
Planning
Report
Design
MAJOR COSTS
Use,
maintenance
and repairs
BIM
Facilities
Management
Quality
Agreements
Maintenance
Schedule
Technical
Quality
Building
Audits
Redevelopment,
sale, demolition
Tenant and
Occupier
Situation
Tenancy
Schedule
Asset Building
Documents
Basic
Building
Description
Maintenance
Reports
Redevelopment/ strategic
optioneering
Tenant and
Occupier
Situation
Tenancy
Schedule
Asset planning/Repositioning/H&BU
MINOR COSTS
Figure 6
Titles and
Easements
Planning
MINOR COSTS
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Figure 7
Latin
America
Europe
19
Asia Pacific
21
North America
14
31
Figure 8
0.0
10.0
15.0
20.0
25.0
30.0
Property Valuation
Property Development
Construction
Design (AEC)
Real Estate & Transactions
Property and/or Portfolio Management
Property Investment
Other
FM
Figure 9
Commercial Offices
Retail buildings
Residential buildings
Health buildings
Other commercial
Education buildings
Industrial
Transport
Infrastructure
Other
32
10.0
20.0
30.0
40.0
50.0
60.0
70.0
80.0
90.0
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Figure 10
Of the following information technologies, which do you use in your current work activities?
Percentage (%)
0.0
10.0
20.0
30.0
40.0
50.0
60.0
Intranets
Online Property Databases
Extranets
Valuation Systems
3D Modelling Systems
Finance Systems
2D CAD Systems
Building Management Systems
Virtual Data Rooms
4D or 5D Modelling Systems
Building Simulation and Analysis
Other
33
Figure 11
Figure 12
Understanding of BIM
Experience of BIM
No
understanding
12.1%
Less than
1 year
Excellent
understanding
9%
12.1%
13 years
Good
understanding
9%
No experience
Limited understanding
67%
48.3%
5+ years
12.1%
12%
45 years
3%
Figure 13
Where did you receive your training in BIM? (select all that apply)
Percentage (%)
0
Tertiary institution
10
20
30
40
On the job
34
60
3
8
50
7
11
70
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Information Need
When looking at information or data need a different range
of attributes score highly. The highest need for data falls
in the area of maintenance where information needs are
space management, asset monitoring and tracking and
information about alterations and repairs to buildings.
This data is of use to Facilities Management, Property
Management and Building Surveyors. The next highest
ranked need is for project data regarding feasibility and
planning attributes, which has a high frequency use in
Table 6. Similarly needs with regards to Documentation
and Images (specifications and 2D drawings) ranked highly.
This is a long served traditional method of representing
data in specifications and 2D drawings in the property and
construction industry and this confirms the limited take-up
and usage of BIM amongst many RICS members to date.
35
Table 6
36
3.61
3.52
2.74
2.67
2.55
1.90
1.90
1.88
1.87
1.75
1.73
1.63
1.59
1.59
1.55
1.54
1.53
1.51
1.46
1.46
1.45
1.45
1.44
1.42
1.40
1.38
1.36
1.36
1.36
1.34
1.32
1.27
1.23
1.23
1.21
1.21
1.20
1.03
1.00
0.98
0.95
0.95
0.92
0.88
0.87
Project Data
Documentation &
Images
3D Model Objects
& Properties
Spatial Attributes
Operation &
Maintenance Data
Financial Data
Property Location
Data
Survey item
Frequency
of Use
Average
Score
Market Data
Information Category
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Table 7
Space Management
Asset Monitoring & Tracking
Maintenance, alteration & repair
Planning & feasibility attributes
Specifications
2D Documentation (plans, elevations, sections, etc.)
Environmental Attributes
National Market
Area
Design management attributes
Utilities
Certifications (Permits, Ratings, etc.)
Property Lot Attributes
Property development
Micro-location
State, regional and neighbourhood market
Surrounding Building Context
2D geometry
Architectural Components
Operation and Maintenance Manuals
Macro-Location
Property Value Attributes
3D Rendered Perspectives
Orientation
Tenant and Occupier Situation
Volume
Structural Components
Property Activity
Listings, Recent Sales and Auction
Vacancy and Letting Situation
Property Transfers
Property Imagery
Marketing Statistics
3D geometry
Mechanical & Plant Components
External Fittings, Furnishings & FIxtures
Hard & Soft Landscaping Components
Internal Fittings, Furnishings & Fixtures
Electrical and lighting components
Heating, ventilation & air conditioning components
Payments In
Payments Out
Variables Affecting Property Insurance Rates
Property Insurance Claims
Construction Attributes
Project Data
Documentation &
Images
3D Model Objects
& Properties
Spatial Attributes
Operation &
Maintenance Data
Financial Data
Property Location
Data
Survey item
Need
Average
Score
Market Data
Information Category
2.38
2.32
2.26
1.97
1.90
1.85
1.84
1.83
1.83
1.83
1.78
1.78
1.76
1.76
1.76
1.74
1.73
1.70
1.70
1.69
1.69
1.69
1.68
1.66
1.64
1.63
1.63
1.60
1.60
1.58
1.57
1.57
1.56
1.55
1.55
1.55
1.55
1.54
1.54
1.53
1.43
1.40
1.22
1.22
1.93
37
Figure 14
38
Market Data
Spatial Attributes
Financial Data
Project Data
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Table 8
Market Data
Building Data
Documentation & Images
Information Type
Frequency Statistical
Property
Construction
or Need
Significance Professionals Professionals
Frequency
0.002
Frequency
0.002
Property Transfers
Frequency
0.003
Frequency
0.004
Micro-Location
Frequency
0.011
Frequency
0.001
Frequency
0.001
Frequency
0.001
Utilities
Frequency
0.004
Environmental Attributes
Frequency
0.001
Frequency
0.004
Property Development
Frequency
0.004
Frequency
0.000
Property Imagery
Frequency
0.002
Property Activity
Frequency
0.000
3D geometry
Frequency
0.046
Frequency
0.011
Frequency
0.027
Frequency
0.011
Need
0.043
More
Important
Less
Important
Less
Important
More
Important
0.029
39
40
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Figure 15
10.0
20.0
30.0
40.0
Data
Quality &
Protocols
Technical
Security
& Privacy
Concerns
Process &
Workflow
Human
Factors
41
Figure 16
Industry
Benefits
Organisational
Benefits
PracticeBased
Benefits
Information
Quality
42
5 .0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
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2. Context-based Issues.
43
44
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7.0 References
Australian Construction Industry Forum (ACIF), 2015. A Framework for the
Adoption of Project Team Integration and Building information Modelling.
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rics.org/research
8.0 Appendices
Appendix 1
Appendix 2
47
E.g. Overall national economic situation, political, legal and administrative conditions
E.g. Economic situation, political, legal and administrative conditions, investment data (annual
growth, median price, median rent, rental yield and rent demand)
E.g. Property listings, sale transactions and records, national auction results and clearance
rates, rental listings and applications
Property Transfers
E.g. Property sales & transfers from Valuer General, real estate industry data on annual
transfers
Micro-Location
E.g. Local-context data, suitability of location for property type, image of district, local
transport connections, quality of public spaces and facilities (shopping, services, social &
medical facilities), distance to amenities.
E.g. Property attributes such as property type, land use, zoning, lot/plan number, existing
owner, number of bedrooms, bathrooms, car spaces, previous sales information
Property Imagery
Property Activity
E.g. Value and risk data surrounding absolute property value, location, zoning, security & crime
rates, mean area property price, environmental conditions
Utilities
E.g. Energy supplies, water supplies, waste water supplies, communications services
Environmental Attributes
E.g. Environmental situation, green areas & plantation, contribution to maintaining biodiversity,
greenfield & brownfield conditions, climate & geo data, air, noise & soil pollution
E.g. Distance to surrounding buildings, views & visual context, sunlight & shading levels, street
layout, design & usage of open spaces, internal/external accessibility, neighbourhood safety,
traffic conditions
Property Development
Financial Data
48
E.g. Number of tenants, tenants image and solvency, duration and structure of rental contracts
E.g. Vacancy rate, tenant retention, tenant fluctuation, duration of letting process, general
letting prospects, investment volume, expected rates of return
Payments-In
E.g. Rental payments, advance payments for utilities, rental growth potential, and inflation
expectations, other payments-in (e.g. facade advertising, energy-feed-in)
Payments Out
E.g. Payments for construction, acquisition, disposal, payments for operating costs, payments
attributable/non-attributable to tenants,marketing/letting (e.g. estate agents fee), payments
for modernisation, payments for operations
rics.org/research
Dependency
Deliverables
Represent packages of information or
materials that are considered, created
or modified by tasks.
Simple tasks
Represent tasks which take account
of inputs to create outputs. All the
outputs of a simple task are created
(or updated) at the same time, when
the task is complete.
Compound tasks
Similar to a simple task, but can have
one or more output scenarios. Each
scenario can represent a different
forward branch and contain one or
more deliverables.
Iteration constructs
Flow dependencies
The dependency contributes to
the timing of the downstream task
(eg. the upstream deliverable must
be available to start the task)
Data dependencies
The dependency indicates that the
upstream information is used while
executing the downstream task, but
doesnt determine when the task can
be attempted.
Milestone
Decision or stage gate, typically
occurring between main project
phases.
49
50
Micro
location
National
Market
Payments
In
Payments
Out
Marketing
and Letting
Vacancy
Situation
Tenant and
Occupier
Situation
GEO Report
Programming
Conceptual
Design
Design
Design
Pre-construction
and site
establishment
Construction
and defects
Handover
and
operations
start-up
Asset
management
MAJOR COSTS
Use,
maintenance
and repairs
Inspections
Sales
Analysis
Research
Reports
Real Estate
Agents
Other
Income
Payments
in
Marketing
and Letting
Vacancy
Situation
Micro
location
Outgoings
Payments
out
Tenancy
Schedule
Tenant and
Occupier
Situation
National
Market
Settlement
Adjustments
Fund
manager
Assets
manager
Project
manager
Development
manager
Committee
Paper
Concept
forecast/
Tech.due
diligence
report
DFC
Capex
Forecast
Lefting up
assumptions
Growth
Rates
Market
Rates
Investment
Asset planning/Repositioning/H&BU
MINOR COSTS
Appendix 3A
Extra inputs
Planning
MINOR COSTS
Titles and
Easements
Site Plan
Topography
Flooding
Maps
GEO
Report
Conceptual
Design
ESD
Modelling
Design
Reports
SPESC
Environmental
Quality
Conceptual
ESD Report
Brief
Design
Report
Indicative
Costs
Health
and User
Comfort
SSPECS
Detailed
Design
Operational
Quality
Technical
Quality
Costs
Conceptual
Report
Facilities
Management
Quality
Pre-construction
and site
establishment
FM Score
Construction
and defects
OH&S
Audits
Tenant
Survey
Asset Plan
Accountant
Receivable
Asset Plan
General
Ledger
Tenancy
Schedule
Design
Report
Concept
Diagram
Hazmat
Report
Land
Features
Design
Report
Handover and
operations
start-up
Asset
Plans
Health
and User
Comfort
Payments
In
Investment
Model
Payments
Out
Investment
Model
Tenant and
Occupier
Situation
Environmental
Quality
Asset management
Planning
Report
Design
MAJOR COSTS
Use,
maintenance
and repairs
BIM
Facilities
Management
Quality
Agreements
Maintenance
Schedule
Technical
Quality
Building
Audits
Redevelopment,
sale, demolition
Tenant and
Occupier
Situation
Tenancy
Schedule
Asset Building
Documents
Basic
Building
Description
Maintenance
Reports
Redevelopment/ strategic
optioneering
Tenant and
Occupier
Situation
Tenancy
Schedule
Asset planning/Repositioning/H&BU
MINOR COSTS
Appendix 3B
Titles and
Easements
Planning
MINOR COSTS
Example of a Transactions Managers participants data needs at various stages of the property lifecycle.
rics.org/research
51
Special Thanks
Special thanks to the following people:
Andrew Hannel
Opus, Sydney, Australia
Andrew Partridge
Eureka Funds Management, Sydney
Ben Elder
RICS, London, UK
Christopher Stokes
ESurv, Mid Anglia, UK
Clinton Ostwald
Urbis, Sydney, Australia
David Wagstaff
Pembroke, London, UK
Doug Rayment
AECOM, Sydney, Australia
Hernan Jerrez Guerrero
Ridley and Co Sydney Australia
Jack Moseley
Civic Valuations, Sydney
Jennifer Macdonald
University of Technology, Sydney, Australia
John Kavanagh
RICS, London, UK
Kath Fontana
BAM FM, Hemel Hempstead, UK
Leon Carroll
AMP, Sydney, Australia
Paul Zahara
Cranleigh, Sydney, Australia
Phil Boyne
Lend Lease, London, UK
Richard Quartermaine
Hammerson Plc, London, UK
Richard Stacey
Calibre Capital, Sydney, Australia
Sarah Sayce
University of Kingston, London, UK
52
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