When we think of the construction industry, we normally don’t picture workers wearing Google Glass or Apple Watches. With the advancement of the technology, the industry can definitely benefit from wearable technology as devices are becoming more versatile. The construction process is a risky endeavor because of the high frequency of work-related injuries and fatalities. Adopting wearable technology has the potential for result-oriented data collection and analysis approach to provide real-time information to construction personnel. Continue reading How Does Wearable Technology Make Sense With Construction Process?
The current construction growth cycle has paved way for many business leaders to consider strategic technology investments to help improve efficiency, attract new talent, and win new projects. Some contractors have already embraced new technology at various levels – usage of drones, BIM, and digitization. Technology has made the construction processes more efficient while allowing the contractors to serve the client with a better product. Continue reading 4 Ways Tech Boosts Collaboration in Design and Build Construction
According to a new study conducted by 2018-2019 Vertical Market Series – Construction, released by Equipment Leasing and Finance Foundation, the foreseeable future for general contractors working in commercial and residential construction appears to be bright. The study lists out anticipated spending, sector confidence, and key developments and trends as some of the factors that can be anticipated in the US construction market sector over the next one to two years.
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
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
The theft of materials and equipment from construction sites is an industry-wide epidemic. It is difficult for the construction managers to secure valuable equipment and materials inside a structure that hasn’t been constructed yet. According to the National Equipment Register’s (NER) 2013 Equipment Theft Report, poor site security, the high value of equipment, lenient penalties for thieves, and low risk of arrest are the factors that contribute to the frequency of equipment theft.
Since 2011, the construction industry has been growing at a steady pace. With the beginning of a new year, it is important to note the new and emerging trends in the construction industry. In fact, to stay ahead of the competition, contractors and builders seek to know more about the latest trends in the construction industry. Besides technological growth, it is the labor issues, hiring and the expenditure that are setting trends for 2018.