ContractsMore Like This

In every industry, technological advancements are helping companies to be more efficient and save money. Construction is no exception. According to the 2016 report on the results of a global PwC survey, Industry 4.0: Building the Digital Enterprise, respondents anticipate a return on their investment in technology over the next five years. Participants in all industry sectors expect to realize a 2.9 percent increase per annum in revenue. Engineering and construction companies anticipate a revenue gain of 2.7 percent per annum. On average, companies across all sectors expect to reduce costs by 3.6 percent annually.

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The speed of digital innovation is breathtaking. Mobile communications and software for construction management have revolutionized the business for building contractors. Today, project managers are linked to the office from their air-conditioned, Wi-Fi hotspot crew cab with a laptop and smartphone. General contractors, subcontractors and crews can see revised plans and discuss the construction tasks at hand, over the phone, all on the same page, whether it is a PDF on a tablet, laptop or large smartphone. Continue »

Materials & EquipmentMore Like This

It’s hard to go to a construction tradeshow or read an analyst report without hearing about a new drone company or how drones are going to eventually impact construction. Today, advanced drone hardware is available at low prices, and U.S. regulation has enabled commercial drone use to be easy for companies and service providers to adopt. Most importantly, companies have built custom software solutions to suit the exact needs of construction companies.

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Best PracticesMore Like This

When asking contractors about the keys to completing even the most challenging projects, a common theme often emerges: Excellent communication among all parties is essential. To facilitate the communication process, many contractors use a project execution plan (PEP), which is a detailed document for all stakeholders communicating project objectives and how the objectives will be accomplished.

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Contractors have placed increasing importance on developing a world-class safety culture in their organizations for their jobsite crews. According to a 2016 Dodge Data & Analytics SmartMarket Report, 85 percent of the survey respondents felt jobsite worker involvement is essential to a building a high class safety program—up nearly 20 percentage points from the 2012 survey.”¹ Providing these workers with the tools and training they need to report on incidents in a timely and accurate manner is crucial to maintaining a culture of safety. Continue »

Managing Your BusinessMore Like This

The construction process is a highly evolved system of joint ventures. From investors to financial institutions, architects to engineers and subcontractors to suppliers, multiple parties come together to contribute to the success of a project. Strategic joint ventures, in effect, are a much larger adaptation of this dynamic. Strategic joint ventures involve the development of relationships with other construction firms that bring to the table the opportunity to access a greater variety of projects.

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Project CollaborationMore Like This

Imagine your job takes place outside in a wide, flat field. Your colleagues wear brightly colored shirts for high visibility and head protection. Surrounding you are numerous noisemaking mechanisms meant to attract your attention. Sprinkled in are officials that are present to regulate and ensure safety. Now, guess what this job is. It isn’t a construction manager, but an NFL head coach. Understandably, it is easy to see how the two could be confused.

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