The Fusion of BIM and Quadruple Net Value Analysis for Real Estate Development Feasibility Assessment

Real estate development may benefit from a decision-support software system that is implemented with Building Information Modelling to perform Quadruple Net Value Analysis. Schemes may be created rapidly using BIM and parametric modeling. They may be assessed for economic, social, and environmental factors using spreadsheets and simulation software. They may be assessed for sensory value by using an immersive visualization system. The idea has been tested as a proof of concept in undergraduate and graduate design studios. It appears to be easy to use for students and effective in directing attention to the four factors and obtaining objective measurements.