Law360 recently published shareholder and co-founder Ivan Sarkissian’s contributed article on assessing the risk of Building Information Modeling (BIM). Read the full article here and an excerpt from the article below.
Building information modeling, or BIM, has been a part of the design and construction landscape for the better part of 20 years.
As global urbanization continues to increase rapidly, the architectural, engineering and construction industry are proceeding to utilize BIM or adopt the software into their construction projects. In 2020, the BIM market value was at $5.4 billion and is on track to reach $10.7 billion with an expected increase at a compound annual growth rate of 12.5% by 2026.