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Software Difficulties Cost Builders Billions

Date:
August 31, 2004
Source:
National Institute Of Standards And Technology
Summary:
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).
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FULL STORY

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.


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The above story is based on materials provided by National Institute Of Standards And Technology. Note: Materials may be edited for content and length.


Cite This Page:

National Institute Of Standards And Technology. "Software Difficulties Cost Builders Billions." ScienceDaily. ScienceDaily, 31 August 2004. <www.sciencedaily.com/releases/2004/08/040831091009.htm>.
National Institute Of Standards And Technology. (2004, August 31). Software Difficulties Cost Builders Billions. ScienceDaily. Retrieved May 23, 2015 from www.sciencedaily.com/releases/2004/08/040831091009.htm
National Institute Of Standards And Technology. "Software Difficulties Cost Builders Billions." ScienceDaily. www.sciencedaily.com/releases/2004/08/040831091009.htm (accessed May 23, 2015).

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