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Current Statistics about State of the Construction Industry

The United States is one of the largest construction markets worldwide with expenditure reaching over 1,162 billion US dollars. Industry trends range from emerging construction careers, new avenues of construction spending, changing workforces and green construction methodologies which have been successfully transforming the industry as a whole. The relevant industry statistics and facts can help you make important future decisions with regards productivity tools, preconstruction planning, workforce efficiency, and risk assessment. Continue reading Current Statistics about State of the Construction Industry

Key Parameters of Assessing Technology Costs in Construction

For the success of any project, cost estimates are very important. So reliable and the accurate estimates must be produced by the teams during the conception and definition phase of a project. Though it is a tough calculation to make, it is absolutely business’ bottom line. In fact, cost estimation is an ongoing process, and estimate revisions are common in order to ensure accuracy throughout project execution. However, you may put yourself at major risk, if you aren’t thorough with Total Cost of Ownership (TCO) analysis before investing in new technology. Continue reading Key Parameters of Assessing Technology Costs in Construction