The Impact of Building Information Management (BIM) on the Profitability of Construction Projects

Abstract

In order to price construction in a way that ensures the highest degree of performance and prevents loss, this research based on businesses' accounting will utilize Building Information Management (BIM) to deal with engineer projects. The current study focus on establish a distinctive record for quantity pricing in engineering projects applied in Iraqi construction enterprises. For the sake of cost, it has been linked to the engineering contract construction licenses. Then, by balanced scorecard of each contract item, it was connected and priced using BIM. How to analyze the rotation of engineering projects placed out to bid using a balanced scorecard. Experience in pricing is necessary to apply the balanced scorecard idea to prices. This way of fusing technical and administrative labor must be understood and studied by engineers as well. This strategy supports the balanced scorecard approach to bid pricing in strategic management accounting. How is it possible for the balanced scorecard to make the four prices follow its guidelines, provide the predicted projected profit for this bid and for each component, and ensure that the outcomes follow a preset and authorized strategy in engineering pricing?