Science News

Software Difficulties Cost Builders Billions

ScienceDaily (Aug. 31, 2004) — Inadequate software interoperability in the capital facilities industry cost the commercial, institutional and industrial building sectors $15.8 billion in 2002 in lost efficiency, according to a newly released study commissioned by the National Institute of Standards and Technology (NIST).

Conducted by RTI International (Research Triangle Park, N.C.) and the Logistics Management Institute (McLean, Va.), the report places a price tag on avoidance, mitigation and delay activities due to data-exchange problems. It also takes into account the cost of redundant paper management.

The analysis, expected to benefit key stakeholders throughout the construction industry, breaks down data exchange-related losses for architects and engineers, general contractors, specialty fabricators and suppliers, and owners and operators at three different stages of a building’s life: (1) design and engineering; (2) construction; and (3) operations and maintenance.

The publication, Cost Analysis of Inadequate Interoperability in the U.S. Capital Facilities Industry (NIST GCR 04-867), also identifies barriers and opportunities for improvement. Electronic copies are available at www.bfrl.nist.gov/oae/oae.html.


Adapted from materials provided by National Institute Of Standards And Technology.
APA

MLA

Search ScienceDaily

Number of stories in archives: 44,032

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily's archives for related news topics,
the latest news stories, reference articles, science videos, images, and books.
 

Science Video News


Voting Machines: Make Your Vote Count!

Human-factors engineers, along with the National Institute of Standards and Technology (NIST) have developed a rigorous, standardized test for all. ...  > full story

Breaking News

... from NewsDaily.com

In Other News ...

Copyright Reuters 2008. See Restrictions.

Free Subscriptions

... from ScienceDaily

Get the latest science news with our free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Feedback

... we want to hear from you!

Tell us what you think of the new ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Post this page to your favorite social bookmarking site:
close
Include this item in your blog or web site:
close
Cite this article in your essay, paper, or report:
close
Email this page's link to a friend or colleague:
close