EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION.

Building Information Modelling (BIM) is changing the planning, design, building, and operation of infrastructure. When Cost Benefit Analysis (CBA) is added to BIM investors get both transparency of value and understanding of risks in complex infrastructure projects. CBA-BIM has the potential to open up the infrastructure market to more private investors. BIM provides transparency and standardization to infrastructure professionals. CBA-BIM offers investors the same standardized lens on the financial, stakeholder, and sustainable risk and returns. And for project proponents CBA-BIM allows for bundling of projects of the same risks so that smaller projects can be combined.

John Parker is the Chief Economist for Impact Infrastructure LLC. He has over 30 years of experience as an Economist, led the Canadian economics business for HDR and co-pioneered with John Williams, the development of the Sustainable Return on Investment (SROI) framework.