BIM provides the potential for a virtual information model to be handed from Design Team (architects, surveyors,consulting engineers, and others) to Contractor and Subcontractors and then to the Owner, each adding their own additional discipline-specific knowledge and tracking of changes to the single model. The result greatly reduces the information loss that occurs when a new team takes "ownership" of the project as well as in delivering extensive information to owners of complex structures. It also prevents errors made by design team members as well as the construction team (Contractors and Subcontractors) by allowing the use of conflict detection where the computer actually informs team members about parts of the building in conflict or clashing, and through detailed computer visualization of each part in relation to the total building. As computers and software become more capable of handling more building information, this will become even more pronounced than it is in current design and construction projects. This error reduction is a great part of cost savings realized by all members of a project. Reduction in time required to complete construction directly contributes to the cost savings numbers as well. It's important to realize that this decrease can only be accomplished if the models are sufficiently developed in the Design Development phase.