In the context of Asset Management and BIM, a Physical Asset is an item of economic, commercial, or exchange value that has a material existence. These assets form the core of the built environment and are the primary subject of the Information Model.
Tangible Existence
Physical assets are also known as tangible assets. They represent the "Real World" entities that are digitally represented through BIM.
Land and Buildings
HVAC, MEP & Tools
Materials & Spares
BIM Application: The Digital Twin serves as the information layer for these physical assets, enabling efficient maintenance, tracking, and eventual replacement.