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Keeping Up with the Evolving Construction Industry By Matt Klemmensen, Casualty Loss Control Expert, Munich Re Specialty – North America mhodges Wed, 10/30/2024 - 08:47 The construction industry is a dynamic segment of the economy. The high-interest rate environment has caused slowing of multi-family starts in some areas.
As an industry, engineering is always about adaptability. After all, no amount of high-grade construction can stand the test of time if it doesn’t survive its environment. Engineering in harsh environments poses a distinct set of challenges that call for innovative and robust design solutions.
Transform Your Fleet With Intelligent Technology ccapoccia Tue, 03/04/2025 - 09:50 The construction industry is one of the most competitive sectors, driven by tight profit margins, strict deadlines, rising material costs and increasing client expectations.
Construction Industry Trends: Cost and Project Insights Take a deep dive into the latest cost trends and factors influencing construction costs. mhodges Thu, 09/07/2023 - 13:06 Hear from Gordian and ConstructConnect experts as they take a deep dive into the latest cost trends and factors influencing construction costs across North America.
mhodges Mon, 12/30/2024 - 08:20 How to Leverage Technology for Improved Performance in the Construction Industry The construction industry is experiencing a pivotal moment in digital transformation, facing persistent challenges threatening efficiency and growth. Eliminate high-cost tools that do not provide proportional value.
To efficiently share cost information, organize data in a standard architecture, such as expanded CSI MasterFormat, and use industry standard terms, definitions, and units of measure. Collaboration in the above manner allows disparate groups, including owners, A/E’s, builders, and procurement professionals, to focus on common goals.
Managing Supply Chain Disruptions in the Construction Industry. This has been true for every industry, but few have been as broadly affected as the construction industry. This has been true for every industry, but few have been as broadly affected as the construction industry. Greg Ragsdale.
The construction industry recently experienced costly bottlenecks attributed to supply chain breakdowns and workforce reduction, and officials have implemented stricter regulations and protocols designed to safeguard environments and construction personnel during excavation.
How are Industry 5.0 Simple, climate neutrality, digital leadership, and the built environment are inexorably intertwined. Common data environments to assure technical and financial visibility and transparency. Reference: Enabling Technologies for Industry 5.0. The post Industry 5.0 and AEC connected?
CBO Spotlights 2024's Sustainability VIPs ccapoccia Fri, 03/01/2024 - 19:01 Sustainable methods of building and the strategies that shape them continue to stimulate change across the built environment.
Ensuring that an in-office environment can be virtualized and extended for remote workers is paramount in the architecture, engineering and construction (AEC) industry, and firms must have the capability to support some to all their employees in this nontraditional setting.
At a Wednesday event, Assistant Labor Secretary Doug Parker charged industry leaders with creating an environment that expects workers to speak up about hazards.
The DEWALT POWERSHIFT Cordless Equipment System can produce up to 60% less CO2e emissions during use versus gas-powered equipment* enabling sustainable innovation in the construction industry. Sustainability: Designing tools that consume less power while maintaining or improving performance, and how these developments benefit the environment.
Remote-Controlled Equipment Gets the Job Done Safely & Effectively ccapoccia Thu, 09/19/2024 - 09:01 R emote-controlled technology is changing the construction industry, and the list of advantages is ever-growing.
The construction industry and manufacturers can look forward to a gradually improving operating environment in 2025, thanks to lower interest rates, moderating inflation and steady if unspectacular growth in the nations overall economic activity.
The construction industry has been built on longstanding buyer and supplier relationships formed over years — in some cases, spanning generations — which, in many ways, have become the lifeblood of the industry. Reshaping Supplier Relationships in the Technology Age. Alex Headley. Thu, 12/16/2021 - 08:11.
When industrial stairs are built in compliance with existing safety standards, they provide several advantages to building and business owners, employees, and even the environment. Benefits of Industrial Stairs. Companies and businesses in multi-level buildings can benefit from installing industrial stairs.
The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment. Perform 2D/3D takeoffs & BIM coordination in a single software solution. Greg Ragsdale. Mon, 04/05/2021 - 16:08. What exactly determines the success of each construction project? Collaboration With Autodesk Takeoff.
B usiness ethics and corporate social responsibility are not new, but with ever-increasing public scrutiny of business practices and their impact on social and environmental welfare, these concepts have taken on profound importance in the modern business environment.
The still-evolving circumstances of the COVID-19 pandemic paired with construction’s already demanding work environment has the industry operating at the height of caution and risk management. Protecting Your Business & Recovering From a Major Loss. Alex Headley. Mon, 04/05/2021 - 07:30.
Why Customer Research Should Shape Your Business Strategy ccapoccia Mon, 05/06/2024 - 10:20 In the architecture, engineering and construction (AEC) industry where projects are complex, collaboration is key and customer satisfaction is critically important, the relevance of your customers’ opinion carries significant weight.
Virginia Murphy, CEO at Waste Water Industrial Solutions ccapoccia Thu, 11/09/2023 - 14:53 No. For Virginia Murphy, CEO of Waste Water Industrial Solutions, her relationships with her community are the top priority. I’m raised in that environment where I see her supporting the people in our community by saying, ‘Hey, you need a job?
The construction industry has also experienced a significant transformation in recent years, driven by technological advancements. This blog post will explore how you, as a construction professional, can thrive in todays tech-driven environment and what skills you can build upon to remain adaptable.
With the countdown on to 2020 – and the start of a brand-new decade right around the corner – it’s time for our annual look back at the commercial construction industry “highs” and “lows” from 2019. It’s been exciting to see the opportunities that have come with the growth of the cannabis industry.
Today’s jobsites are complex environments requiring multiple trade suppliers to coordinate across all project stages. Fortunately, in a historically low-tech industry, advanced technologies are starting to mature and add real value to construction site management.
Green construction is an ever-growing trend in the construction industry that focuses on reducing the impact of buildings on the environment while at the same time increasing energy efficiency.
For any company with a fleet of light- or medium-duty vehicles, from service contractors to vendors and those in the transportation industry, increasing profitability often comes down to fostering an environment of greater employee accountability.
The Power of Female Mentorship in Construction & Design ccapoccia Tue, 03/11/2025 - 00:14 With more women entering construction at all levels, there is growing importance for female mentorship and support, which is becoming a benefit in advancing womens careers and improving the industrys work environment.
There is a surge of change occurring in and around the industry. Because there is arguably no other industry more resistant to change than construction, the ascendancy will not come easily. Technology and demographic changes will alter the entire work environment, including construction. But it will be worth it.
Best value / Lean construction is an integrated planning, procurement, and project delivery process that uses robust workflows, a common data environment, and collaborative teams to increase productivity, profits, and innovation in the industry. The terms “Best Value” and “LEAN” can be used interchangeably.
For many players in construction, the industry needs to change the way stakeholders communicate and, by extension, collaborate with each other. The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Let’s talk numbers.
Rising Construction Costs Lead to Higher Risks PCF Construction offers insight on current market construction risks and how to take control mhodges Tue, 11/07/2023 - 09:13 One of the most pressing issues in the construction industry today is the unforeseen or unintended increase in risk exposures due to rising construction costs.
You’ve heard a lot about adapting to hybrid work environments, but some employees don’t have the option to go hybrid or work out of home offices. In 2020, Grantham was honored with the For All Leadership Award by Great Place to Work.
With commercial construction back to work and projects across the country continuing to add jobs, one study indicates 56% of industry losses since the beginning of the pandemic have been recovered. This indicates owners face new or different aspects of liability due to the COVID-19 environment.
These projectsranging from subsea tunnels to underwater hotelsdemand innovative solutions for working in environments where human capabilities are severely limited. Underwater construction represents one of the most challenging frontiers in engineering, combining extreme environmental conditions with complex technical requirements.
The construction industry can be challenging, with tight deadlines, physical demands, and unpredictable work environments. Maintaining high morale within a construction team is crucial for productivity and overall job satisfaction. Supporting and motivating your team is essential.
According to industry data, the average bid win percentage for a commercial contractor is 25%, meaning for every 10 bids submitted, they would win 2-3 projects. The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing.
In the ever-evolving landscape of the construction industry, where precision meets creativity and innovation, effective marketing strategies are paramount for attracting top-tier talent across diverse construction job categories. Conduct safety training and inspections to create a secure work environment.
Leverage Online Industry Tools Online industry tools are a must-have if you seek to lower construction project turnaround time and the risk of human error. As the project manager, developing a safe and healthy work environment that empowers all team members to share their concerns and ideas without intimidation is essential.
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