FSRE (Framkvæmdasýslan Ríkiseignir) is the Government Property Agency, looking after assets, construction and facilities for government services in Iceland. In September of 2021 FSRE came into being as a result of a merger between , Framkvæmdasýsla ríkisins Government Construction Contracting Agency (FSR) and Ríkiseignir – The Government Property Agency (RE). The orgisation focuses on the achievement of multiple benefits which can be gained with a strong integrated organization and a centralized approach, these include:
– Increased efficiency in Government operations
– Added value for Users
– Financial benefits for the Treasury
– FSRE to become a leader in the Icelandic Construction industry
Implementation of BIM in FSR projects, success and benefits for designers is a document published to study and reflect on the BIM successes in Iceland. When introducing a new methodology, there are many things to keep in mind. There are many stakeholders in construction, and they are connected to many dimensions of the economy. This study is carried out with the aim of shedding light on the experience gained by the designers who have worked according to the BIM methodology in the design of FSRE projects. That knowledge will continue to be used, in the next steps of implementation, i.e. practical implementation. Today, FSRE is beginning to make demands on contractors to work according to the BIM methodology. FSRE has set an example and guided designers in implementing BIM in planning, so it is very important to look carefully at which aspects benefited the designers and which did not. It is also important to get an overview of how designers work in the BIM environment and whether FSRE’s policy is to implement BIM in its projects, whether the main driving force in the implementation of BIM or whether it is involved in other aspects
To track the BIM adoption in the world
Analysis of BIM adoption processes in 11 different European countries.
The World Economic Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at its heart and their activities are shaped by an institutional culture founded on stakeholder theory, which asserts that an organisation is accountable to all parts of society.
The Forum carefully blends and balances the best of many kinds of organisations, from both the public and private sectors, international organisations and academic institutions. It believes that progress happens by bringing together people from all walks of life who have the drive and the influence to make a positive change.
This report has been produced as the first publication of a multi-year project for guiding and supporting the Engineering & Construction (E&C) industry during its current transformation. It describes the industry’s present state, assesses relevant global trends and their impact on the industry, and devises a transformative framework with key areas for development and action.
The report also features many best practices and case studies of innovative approaches or solutions, and offers a view of how the future of construction might look. The project as a whole, and this report specifically, builds on the findings of an earlier World Economic Forum’s project – the four-year Strategic Infrastructure Initiative, which identified and described the key government measures needed to close the infrastructure gap.
The drastic impact of COVID-19 and the deepening of related crises inspired the World Economic Forum’s global real estate community to rethink real estate and align on a vision of buildings and cities that are liveable, sustainable, affordable and resilient. With leadership from CEOs and input from their senior executives, this vision, along with a set of enablers and case studies, comprises this report.
The Framework described in this Insight Report provides a set of enablers, including accelerating digitalisation and innovation to address everything from construction costs to the occupant’s experience, including:
- upskilling and attracting workers with specific talent and knowledge of digitalisation and sustainability
- demonstrating clear, value-proof business cases for investment in technology, sustainability and affordable housing
- engaging stakeholders, both across the industry value chain and with the local community.
This report is the second publication of the multi-year Future of Construction project, guiding and supporting the Engineering and Construction industry in its current (digital) transformation. The first report, Shaping the Future of Construction: A Breakthrough in Mindset and Technology, was launched in May 2016. It described the state of the industry, assessed relevant global trends and their impact on the industry, called for action at corporate, industry and government levels and outlined a comprehensive industry-transformation framework with over 30 measures and best practices. A key finding is that many innovations have emerged but have not yet been broadly adopted.
The second report looks at possible remedies, drawing key lessons and policy recommendations from leading innovators and disruptors, with a focus on fostering wider adoption of innovation. By describing how flagship projects have implemented innovations, it showcases the transformative potential of innovations. This report showcases and analyses 10 Lighthouse innovation cases – prominent flagship projects as well as start-ups and pilot projects – that demonstrate the potential of innovation in construction and give a glimpse of the industry’s future. Their stories not only serve as an inspiration but also describe vividly the typical challenges that innovators face, and show how to engage and overcome those challenges.
Many industry players have yet to fully adopt BIM, despite its advantages. Design and engineering firms lead the way, followed by construction firms. Even though BIM could significantly transform operations and management (O&M), asset operators lag behind other industry players, mainly because BIM is still inaccurately perceived as being a purely 3D design application, and because commercial BIM applications to support O&M remain scarce.
O&M applications account for just 10 of 206 commercial applications listed in an industry database of open-source BIM applications. The Future of Construction initiative created three scenarios depicting how the IU (infrastructure and urban development) industry could look in the future. To develop the scenarios, the World Economic Forum and The Boston Consulting Group hosted a workshop on 27 July 2017 in Berlin.
This report explains the three scenarios and the strategic implications for each. It also identifies the transformation imperatives companies should address regardless of which scenarios materialise. The Future of Construction initiative provides this analysis to encourage IU decision-makers to think strategically about the future and take appropriate actions to adopt digital technologies and change business models sooner rather than later.
This plan was created by the World Economic Forum’s Future of Construction Initiative in collaboration with The Boston Consulting Group (BCG) based on discussions at a roundtable held on 26 July 2017, in BCG’s Berlin office.
At the roundtable, 32 representatives from leading global design, engineering and construction firms, industry associations, government and academic institutions discussed key issues and developed measures to be implemented at company-, industry- and government-level. These are detailed in the action plan outlined in this report.
To improve productivity and address global challenges, the IU (infrastructure and urban development) industry must overcome talent obstacles to attract, qualify and retain a sufficient number of people with relevant skills. This report provides an action plan with steps that companies, industry organisations and government can take to reduce the talent gap.
The World Economic Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.
BIM adoption varies greatly by country and level of economic development. In more advanced economies, most firms use BIM, though not on all projects and not at the highest levels. A mandate to use BIM on government-sponsored projects has made the UK a frontrunner. Even so, only 46% of the country’s infrastructure companies describe themselves as using BIM Level 2. In Germany, where BIM use is not yet fully mandated, just 25% of infrastructure companies use BIM Level 2. In emerging and developing countries, adoption rates are even lower.
To improve productivity, the IU (infrastructure and urban development) industry must accelerate BIM adoption. Towards that end, governors of the World Economic Forum’s Future of Construction Initiative have prioritised BIM adoption as a critical step toward transforming this industry. This report summarises the key insights and recommended actions that were made at the October 2017 roundtable in London. It highlights the recommended actions that companies, industry organisations and governments are advised to implement to accelerate BIM adoption and to better capitalise on what the technology can offer.
In this report, the McKinsey Global Institute (MGI) and the McKinsey Capital Projects & Infrastructure Practice examine the root causes of poor productivity growth in the construction industry. They explore practical ways to improve the situation and discuss the beginnings of a shift in parts of the sector toward a system of mass production, standardisation, prefabrication, and modularisation – a production system that has the potential to boost productivity by five to ten times, depending on the sector.
The world invests some $2.5 trillion a year in the transportation, power, water and telecom systems on which businesses and populations depend. Yet this amount continues to fall short of the world’s ever-expanding needs, which results in lower economic growth and deprives citizens of essential services.
Building on the report Infrastructure productivity: How to save $1 trillion a year, this report updates the previous estimates of the world’s infrastructure needs and projected investment shortfalls. It also offers refined recommendations for bridging those gaps.