A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
BIM integrated smart contract for construction project progress payment administration
Abstract In recent years few blockchain based progress payment methods have been proposed to improve the traditional payment process for construction projects. The blockchain based methods require the off-chain real world information to be connected to the blockchain which could be challenging for construction projects. This paper presents a novel building information modeling (BIM) integrated smart contract progress payment administration system, in which as-constructed BIM is used to link the real world with the blockchain. Results of a survey of construction professionals revealed that the proposed system has a significant potential for improving the traditional payment procedure by accelerating the process and by making the progress payments less prone to disputes, especially for lump sum projects. The results also indicate the potential of future research on semi-autonomous BIM integrated smart contract systems to accelerate the adoption of the BIM and smart contract technologies for progress payment administration within the construction sector.
Highlights A BIM integrated smart contract progress payment administration system is presented for construction projects. The new system uses as-constructed BIM to link the real world with the blockchain. A survey of construction professionals reveal that the new system has a potential of improving the traditional payment process. The potential contributions include acceleration of the payment process and reduction of the ambiguity in the payment terms.
BIM integrated smart contract for construction project progress payment administration
Abstract In recent years few blockchain based progress payment methods have been proposed to improve the traditional payment process for construction projects. The blockchain based methods require the off-chain real world information to be connected to the blockchain which could be challenging for construction projects. This paper presents a novel building information modeling (BIM) integrated smart contract progress payment administration system, in which as-constructed BIM is used to link the real world with the blockchain. Results of a survey of construction professionals revealed that the proposed system has a significant potential for improving the traditional payment procedure by accelerating the process and by making the progress payments less prone to disputes, especially for lump sum projects. The results also indicate the potential of future research on semi-autonomous BIM integrated smart contract systems to accelerate the adoption of the BIM and smart contract technologies for progress payment administration within the construction sector.
Highlights A BIM integrated smart contract progress payment administration system is presented for construction projects. The new system uses as-constructed BIM to link the real world with the blockchain. A survey of construction professionals reveal that the new system has a potential of improving the traditional payment process. The potential contributions include acceleration of the payment process and reduction of the ambiguity in the payment terms.
BIM integrated smart contract for construction project progress payment administration
Sonmez, Rifat (author) / Ahmadisheykhsarmast, Salar (author) / Güngör, Aslı Akçamete (author)
2022-04-24
Article (Journal)
Electronic Resource
English
Project Contract Administration
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