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Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) Definition. This is a non-GAAP measure that allows a greater amount of discretion as to what is (and is not) included in the calculation. This also means that companies often change the items included in their EBITDA calculation from one reporting period to the next. EBITDA first came into common use with leveraged buyouts in the 1980s, when it was used to indicate the ability of a company to service debt. As time passed, it became popular in industries with expensive assets that had to be written down over long periods of time. EBITDA is now commonly quoted by many companies, especially in the tech sector - even when it isn't warranted. A common misconception is that EBITDA represents cash earnings. Understand th EBITDA with practical examples by reading A Clear Look at EBITDA and EBITDA: Challenging the Calculation.
LED Contact Lenses. LED Lights Make Augmented Vision a Reality Okay, this is just freaky. We know LED lights are versatile enough to be used for practically anything, but LED contact lenses? Really?! Yes, as it turns out, really. University of Washington researchers have figured out how to implant semitransparent red and blue LED lights in contact lenses, for the purpose of receiving and displaying data in sharp visual images and video. This means wearers will literally be able to watch TV or view photos that are projected directly onto their eyeballs. Once miniature green LEDs are developed (and they’re in the works, as of now), full color displays will be possible. Lead researcher Babak Parvis comments “You won’t necessarily have to shift your focus to see the image generated by the contact lens,” it would just appear in front of you and your view of the real world will be completely unobstructed when the display is turned off.
Ah, the real world. Oculus Rift - Virtual Reality Headset for 3D Games | Oculus VR. BIM Implementation in a Lean Operating System. Beyond Design: the Construction and BIM blog. By Guest Blogger: Dace A. Campbell, AIA, LEED AP "The price of success is hard work, dedication to the job at hand, and the determination that whether we win or lose, we have applied the best of ourselves to the task at hand.
" – Vince Lombardi It's Super Bowl week, and whether you're cheering for football's best offense in the Denver Broncos, or the Seattle Seahawks league-best defense, at the end of the game only one team will emerge from the swamps of New Jersey as the champion of the National Football League. Industry Champions Of course, in our industry, we hear about champions all the time. At Autodesk, we often have the pleasure of working with industry "BIM Champions" when we interface with our customers who use our tools and solutions. Don't Be a BIM Champion That's right, if you're a "BIM Champion," you should not be satisfied with that title.
Here's what I mean: A "champion," as a noun, is the winner, the victor, the one who has defeated all others. Instead, Champion BIM -Dace. Introduction | VDC and BIM Scorecard. OpenBIM. BIM (Building Information Modeling) BIM Task Group | A UK Government Initiative. BIM ThinkSpace. BIM Definition | Efficient Construction Project Delivery Methods - Sustainability - 3D, 4D, 5D BIM - IPD, JOC, SABER, IDIQ, SATOC, MATOC, MACC, POCA .. ‘Building Information Modelling (BIM) is digital representation of physical and functional characteristics of a facility creating a shared knowledge resource for information about it forming a reliable basis for decisions during its life cycle, from earliest conception to demolition.”
“BIM provides a common environment for all information defining a building, facility or asset, together with its common parts and activities.This includes building shape, design and construction time, costs, physical performance, logistics and more. More importantly, the information relates to the intended objects (components) and processes, rather than relating to the appearance and presentation of documents and drawings.More traditional 2D or 3D drawings may well be outputs of BIM, however, instead of generating in the conventional way ie. as individual drawings, could all be produced directly from the model as a “view” of the required information.” – RICS. Building Information Modelling - Designing Buildings Wiki. Spectacular Photorealistic Visuals with Architectural 3D Modeling. The world is falling in love with such prim and aesthetically designed architectural 3D models. Exteriors, interiors, landscapes all can be modeled with accurate dimensions, realistic lighting and material mapping. 3D models for facades, building exteriors, and landscapes for Residential properties, commercial complexes and industrial structures are designed using highly sophisticated 3D CAD software and photo editing tools.
Interiors for homes and offices are designed with great attention to details. Thematic design for living room, kitchen, bathrooms, office spaces etc becomes so easy. Minimalistic Serene Studio Apartment The process of creating 3D architectures includes drafting, 3D floor plans, developing 3D models and applying apt materials. Classic Living Room Decor Lighting and shadows are added and camera angles are set for better and comprehensive view. Pool Side View at a Resort These finished building models can also be animated for a detailed view of interiors and exteriors.
Engineering Services Fuelling the AEC and Industrial Sector. Architectural Engineering and Construction (AEC) as well as the Industrial Sector, both have seen a consistent growth over the years. While housing needs and other infrastructural requirements are ever-increasing, the industrial sector is also successfully thriving. Pillaring these two industries, are an array of engineering faculties.
Applying architectural, structural and civil engineering expertise combined with the use of BIM technology and energy modeling capabilities has helped the AEC industry grow in a big way. The major achievements include sustainability solutions and energy efficiency in buildings. Effective space management, maximizing the use of natural and renewable resources and introducing concepts such as vertical gardening, remain some of the major breakthroughs.
TrueCADD, is a leading engineering service provider based in India. For more information, please email info@truecadd.com About the Author: Gaurang Trivedi is engineering consultant at TrueCADD. Why BIM for Facility Management Gained Popularity Worldwide? Building information models are like bottomless cabinets for documenting information. Integrating facility management into BIM revolutionizes the facility management process. BIM is used throughout the lifecycle of a construction project. Every aspect and each dimension of Building Information Modeling is utilized as projects transit through 4D BIM (Construction and Scheduling), 5D BIM (Costing), 6D BIM (Sustainability Optimization) and last but not the least 7D BIM – i.e. Facility Management. Facility management is an important part of an AEC project. It is implemented once the construction phase is over.
Facility management involves considerations for occupant comfort, energy efficiency, space management, maintenance and operations within the built environment. Facility manager ensures that the built environment performs efficiently and functions as required. Benefits of BIM for Facility Management: Facility management is considered to be a non-core activity and is often outsourced. Using Point Cloud for Revit BIM. Point cloud is a set of data points within a coordinate system. The points defined by x, y and z coordinates in 3D space, represent the outer surface of an object. These points are plotted using a 3D scanning process. The Point Cloud Data collected via 3D laser scanning technique can be imported in Revit and used for BIM.
Some hi-end scanners collect photo-metric images along with Point Cloud Data for a building. Converting Point Cloud replicas into 3D Models Point Cloud Data can be inspected and rendered and it aids the creation of 3D models but it is not a substitute for a 3D model. To make scanned data BIM worthy, it is first indexed and further surfaces are generated.
Software tools like Leica CloudWorx for Autodesk Revit Architecture can directly transform Point Cloud data into a partial BIM model, however, it takes a great deal of experience and expertise to convert Point Cloud into 3D models. With Point Cloud Survey Data can be collected faster and in great detail. Common Mistakes When Hiring a Structural Engineering Consultant. Can you deny the importance of a structural engineering consultant in your building project? Then you simply do not know anything! What does professional structural engineers do? A structural engineering consultant is the person in charge when it comes to ensuring the specific purpose of a construction. They make sure that it remains safe, functioning, and economic throughout right from the planning stage. Builders looking to give the maximum value for money and high satisfaction to their customers cannot afford to make wrong decisions when hiring a structural engineer.
Here below are some of the common mistakes you should avoid for your own peace of mind. Don't Rush Recruitment Are you planning a building project anytime soon? Have you hired a structural engineer yet? Do you want to postpone the same to the very last minute? Then you'll be making a very big mistake. Remember, structural engineering consultation is the most important part of any building process. Haphazard Interview Process. BIM Capabilities Usher A New Era of Cost Estimation for Construction Projects.
Cost estimation is a crucial aspect, which influences the successful management of a construction project. Accurate estimations ensure that maximum profits are earned out of the business. A cost estimator is engaged to calculate the near accurate project costs at different stages, and important project decisions are based on this estimation. This is why; accurate estimation becomes all the more important. BIM, i.e. Building Information Modeling, is a technology that enables estimators/cost engineers avail accurate and detailed information required for estimating the project costs, thus reduce the variability in cost estimates. According to the American Association of Cost Engineers, “Cost engineering is defined as that area of engineering practice where engineering judgment and experience are utilized in the application of scientific principles and techniques to the problem of cost estimation, cost control and profitability.”
Cost Estimation Challenges and BIM. Importance of BIM Coordination, Design & Modeling. Posted by: Gaurang Trivedi | Posted on: September 23rd, 2013 BIM stands for Building Information Modeling, which is basically the construction of the 3D model of a building by using BIM coordination. This process is used to make some of the leading and perfect architectural models and applications used by the industry and people today and provides the perfect base for further developments when it comes to infrastructure and designing the facility of the computer simulations and also the analysis of the economic impact to find an alternative financial solution to the existing ones for the projects related to transportation.
Building Information Modeling (BIM) basically facilitates the coordination of the different elements when it comes to building design; for instance, the structural, mechanical, electrical, architectural, plumbing, and the other services just to make sure that all of these aspects must fit together and must complement each other. Why should you go for BIM Coordination? How MEP BIM Services are useful for better Construction? MEP stands for Mechanical/Electrical/Plumbing, and together with BIM, which is basically the process to check if the MEP works fine in a given construction.
MEP BIM services are basically for engineers, building owners, architects etc.. to see if the MEP aspects of a construction so that they can get a clear perception of these aspects and go about developing the construction and find out any faulty construction or collision in these, thus giving in to a secure, better and error-free system. What are the MEP BIM services composed of? Revit MEP draftingRevit MEP CoordinationRisk MitigationConversion of 2D design drawings to 3D models3D BIM to 4D for scheduling and to 5D for costingCoordination among various MEP tradesFabrication & Shop DrawingsBuilders work drawingsCollision detectionParametric modeling and library creation of HVAC and MEP componentsExtraction of Project InformationConstruction Documents Why go for MEP BIM services?
How can you benefit from MEP BIM services? Why BIM for Facility Management Gained Popularity Worldwide? Spectacular Photorealistic Visuals with Architectural 3D Modeling.