Identifying factors influencing the viability of medium, small, and micro scale construction firms (MSMSCFs) is a crucial precursor in positioning such firms to aid economic and infrastructural development, especially in… Click to show full abstract
Identifying factors influencing the viability of medium, small, and micro scale construction firms (MSMSCFs) is a crucial precursor in positioning such firms to aid economic and infrastructural development, especially in developing countries. This article assesses viability factors that are influenced by building information modeling (BIM) in MSMSCFs amidst construction firms’ viability factors. Out of a total of 177 workers surveyed from 59 MSMSCFs that were awarded construction project contracts in sampled institutions in Nigeria, 65 staff members from 31 MSMSCFs were accessed. The factors were ranked and reduced to significant ones through principal component analysis. Ten significant factors influence the viability of MSMSCFs and six of them are enhanced by BIM implementations. All eight component factors and 18 of the 27 variables with high factor loadings can be influenced by BIM implementation. BIM can potentially curb corruption in construction projects and enhance MSMSCFs’ quality of service, clients’ satisfaction, construction management and technology, professional performance, procurement practices, and prompt payment of work certificates. All stakeholders need to pay prompt attention to factors that can be influenced by BIM to improve the viability of MSMSCFs, thereby hastening BIM adoption and utilization, especially in developing countries.
               
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