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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. Section In the Office.
Promote to rotator No Rotator Image Status of webinar Featured Maximize profit in your construction business. This technology provides critical data to decision-makers in the field and in the office. Thu, 05/09/2024 - 12:00 1:00 p.m.
As we approach the end of 2017, it shouldn’t surprise anyone that digital technology and software adoption is happening in almost every industry. The construction industry lags in productivity compared to other industries, though, according to a report by McKinsey & Company. The industry could be doing better.
Tran/courtesy Holcim Designed by Handel Architects in collaboration with Steven Winters & Associates, SOCOTEC, and WSP to incorporate Passive House design in its office portion, Winthrop Center in Boston is the worlds largest Passive House-certified office building. What is Passive House?
Construction companies of all sizes and across all regions are realizing the need to adopt the latest technologies into their operations in order to keep up with demand and to remain profitable. However, this is easier said than done. The most prominent roadblock to technology adoption is resistance to change.
If so, make sure to swing by the Viewpoint booth (#311) or join us for a special technology forum to see the latest technologies designed to help contractors boost productivity and profit margins. Sharing Our Office, Team, Field Vision. Advancing Construction Software. And, of course, network and enjoy lunch with us.
Although historically the construction industry has been slow to go digital , times are changing. There’s an industry transformation happening in construction, driven by modern technology, and these changes are significantly elevating construction management.
In many respects, the answer to the question “How has COVID affected the construction industry?” Because this was internationally viewed as an essential industry, often taking place outside, construction companies and their staff were able to resume something approaching normal working conditions surprisingly rapidly.
There has also been an increase in mobile device and cloud storage use at companies throughout the construction industry. That’s why thousands of contractors across the globe rely on Viewpoint every day to connect their office, team and field operations, improve collaboration and productivity and significantly boost profit margins.
Savvy business people are finding opportunities to profit in matters ancillary to green building, including opportunities advantaged by providing services that contribute to LEED credits. A great example is snow removal.
The Construction Marketing Association (CMA) provides professional development and training, resources and information, networking and recognition to marketers in the construction industry. Brown is Chairman of the Construction Marketing Association, and Chief Marketing Officer (CMO) of Construction Marketing Advisors.
While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. By taking proactive steps and adopting the right tools, you can mitigate and safeguard your firm’s profits. Decisions made using “bad data” are estimated to cost the industry $88.69
While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. Sometimes this erodes profit, but in some scenarios, it can mean losses or even worse.
That’s when thousands of construction professionals of all roles, company sizes and specialties will gather here in Portland to learn, network and discover the latest technology solutions to eliminate inefficiencies and increase their profitability. Practical walk-throughs on how to better connect your Office, Team and Field.
In many cases, contractors are using a generic enterprise resource planning (ERP) system that’s not designed for the construction industry. Integrated software designed specifically for the construction industry. What’s better for your organization’s productivity and profitability than a construction-specific, integrated ERP?
It’s clear there has been a significant technology shift in the construction industry, yet many contractors are still feeling their way through these changes. When used wisely, leading-edge construction software and technologies can bring a significant return on investment and make your organization more productive and profitable.
Construction projects alone likely generate more data than most industries see in a year, which doesn’t even include data that can be captured from planning, internal communications, and core processes that happen offsite. . Across the industry, this process is largely managed in a series of spreadsheets, maintained by a single gatekeeper.
As uncertainty lurks in the future of construction industry spending , contractors have placed a focus on technology transformation as a key differentiator moving forward. The cloud is making construction management much simpler, productive and profitable. Benefits of Updates.
Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.
How project management software can tackle sustainability challenges & increase productivity & profitability in the process. According to the BBC, about a third of the world’s waste comes from construction, and almost 40% of global fuel emissions come directly from work done in the construction industry. Section In the Office.
The 10 th anniversary of this important industry event, the forum pulls together construction IT professionals, innovators and construction executives with a passion for technology from all corners of the nation. 16) presentation will show how contractors are connecting their office, team and field operations together in real time.
At Viewpoint and throughout the construction industry, productivity has been a popular topic of discussion. People are right to be concerned, since in 2017, McKinsey Global Institute found the construction industry’s labor productivity only improved 1 percent globally over the past 20 years. Get Faster Business Insights.
Despite the struggles felt across many industries in Australia, the infrastructure sector remains one of the most stable in the country today. Likewise, various software construction apps will foster better communication between people assigned in the field and those who are working in the office. increases respectively.
The short, 15-minute webinars focus on a particular industry best practice or technology highlight for contractors, helping them solve key issues they might face every day. It’s a great idea,” said one general contractor attendee after our first 2019 Take 15 webinar on Using Construction Data to Manage Profit Fade. Well done!”.
Only 25 percent of construction projects are finished within 10 percent of their original deadlines, and 35 percent of costs in the construction industry can be attributed to material waste and rework. The construction industry hasn’t been the quickest adopter of technology. Get on the same page with construction software.
By 2020, many professionals in the construction industry have become familiar with the concept of “digital transformation,” or the method of adopting new technologies to improve business processes. Failing to adopt advanced technology solutions could prevent you from winning work and completing jobs profitably. Section In the Office.
Now in its seventh year, the annual Construction Technology Report compiled by JBKnowledge is one of the most impressive surveys in the industry, providing the latest trends on everything from construction software, IT budgets and workflows, mobile apps, emerging technologies and more. of the survey’s respondents, while just 20.5%
Advice from the coach’s corner: In order to maximize your business’s success, the office, team and field should be connected throughout the lifecycle of construction projects. With an integrated, cloud-based software solution , however, the office, team and field all have the ability to see project updates in real-time.
You made a decent living for yourself, hired a few sub-contractors per project, paid your suppliers, and earned a profit—at least that is what your tax preparer said. Things begin to change, and the reality of the construction industry begins to dawn on you. It's not just office overhead; you have field overhead, too.
Autodesk is launching Digital Builder Insider — a collection of resources from industry leaders and up-and-coming thinkers immersed in the world of construction. ? . To provide a global perspective on what’s happening across construction, we’re tapping into trusted industry voices. Nancy Novak?, Ivana Tudja ?, Cliff Cole?,
What contractors may not realize is how adopting mobile can benefit an entire organization from the field all the way to the back office. Integrated mobile solutions also eliminate the need to re-enter information from paper or spreadsheets into construction management software in the office. . Connects the Office and the Field.
The construction industry has seen significant growth over the past few years, and the trend is projected to continue —although at a slightly slower pace—through the rest of 2018. That being said, the best way to manage risk in the construction industry is to have a solid game plan. The Future of the Construction Industry.
The construction industry collects mounds of data. As business technologies grow across all industries and younger, more data-informed professionals enter the construction workspace, contractors are diving deeper into their data by deploying business intelligence solutions in construction that fuel real-time analytics.
Construction is a cut-throat industry, and making your construction business more profitable can be a challenge. Making more money isn’t rocket science, by following our five tips you’ll be increasing your profits in no time! Understanding your competition is key to making your construction business more profitable.
The CFMA and Viewpoint share a common goal: transforming the construction industry and supporting its continued growth and success through continuing education, collaboration and innovation. Leading Industry Education and Initiatives. The CFMA has also been a leader in industry initiatives as well.
So, getting new technologies to better connect the field and the office in an effort to improve collaboration becomes paramount. To capture this information quickly and easily and get it back to the office is only going to create a win for the organization,” Schwartz says. “It It makes for a more profitable business.”.
Construction sites these days have no shortage of data: design and BIM data from the planning stages of a project, jobsite data collected by wearables, mobile devices and sensors on equipment/materials, accounting and job progress data from the office, project management data and much more. Diving Deeper into Construction Data.
Digital construction software is changing how companies operate and improving their productivity in the field and in the office. The construction industry is notorious for being slow to adopt new technologies, but failure to digitise your processes in today’s landscape isn’t an option. Keeping every stakeholder on the same page.
In order to keep you informed of new technology trends and best practices in an ever-changing industry, we are bringing the top thought leaders of the industry to share valuable and timely insights for your construction company. Viewpoint’s Digital Contractor Roadshow is kicking off soon and we are on our way to a city near you
In the first of a new series of exclusive Viewpoint client Q&A sessions, Josh Snow, project engineer with Garney Construction, gives his take on the construction labor challenges facing our industry. How serious of an impact do you see this having in both the short- and long-term for your company and the industry as a whole?
Building an Information Bridge Between Field and Office. Accurate, real-time project information is essential to identifying jobs that are at risk for profit fade, not to mention to remain competitive in the construction industry. Drawings and Documents in Team — A Single Source for Truth.
The event, held at the Westin Chicago River North, brings together 250+ construction executives, technology innovators and industry thought leaders. We remain the only technology company with the ability to integrate operations across the office, team and the field in real time, which is transforming how the construction industry operates.
As your business grows–or as you look to take a minor role in your construction company–you may find the industry has become over-reliant on you, which makes it difficult for you to take a step back. Accounting - manages the money to maintain operations and produce a reasonable profit. Have you M.A.P.ped your business yet?
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