As the front axle passes through the front wheel and exits the bearing on the brake disc side, there is a thick washer followed by a short, thick tubular spacer.
Yes, the disc is close to the slider but doesn't contact the fork lower. When properly assembled, you should be able to fit the disc between the brake pads without any binding.
Check the micro fiche on most BMW dealers websites for images of the assembly. Baring any disc to brake pad issues, it sounds like your friend has it done correctly.