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Expert Insights: How Technology Helps Bridge the Supply Gap

Construction Business Owner

With labor and supply chain shortages plaguing the construction industry, building strong relationships between contractors and their suppliers is more important than ever. Section In the Office. Technology can aid contractors, strengthen relationships and create efficiencies to help boost the bottom line. Other Technology. Main Image.

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Foundation Software's 2020 Construction Business Report

Construction Business Owner

Last summer, nearly 600 construction industry professionals shared their thoughts on the processes and technology they use to run their businesses — as well as their predictions for the coming year. Section In the Office. Foundation Software's 2020 Construction Business Report. Greg Ragsdale. Fri, 03/26/2021 - 16:50. Main Image.

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Middle Market Construction Spending Trends

Construction Business Owner

While several individual industries have enjoyed increasing spend, spending on technology continues to be the most consistent as middle market companies find innovative ways to scale efficiently and battle macroeconomic trends fueled by supply chain issues and workforce shortages. Section In the Office. Greg Ragsdale. Main Image.

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Connected Construction: How Technology Is Transforming the Construction Life Cycle

Construction Business Owner

According to a 2020 Accenture study, a staggering 75% of construction industry executives have their internal business functions competing instead of working together, with only 22% getting it right. In an industry that involves large investments and risks, this can be the kiss of death to business productivity and profitability.

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Why You Can’t Hire Your Way Out

Construction Business Owner

Today, ongoing business disruptions, such as supply chain and inflation challenges, only add to the already difficult workforce issues the construction industry is facing. But how can the industry — and especially your company — combat staffing challenges? Improve productivity and engagement through employee training. .

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3 Reasons to Use Current Construction Cost Data

Construction Business Owner

The prices of raw materials, supply and demand, shipping fees, market maturity, time of year, energy rates and industry trends all influence construction prices. . Section In the Office. The reality is that material and labor markets are always shifting, and the costs of doing business change along with them. Estimating. Main Image.

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Digital Transformation: No Longer Just for the Big Boys

Construction Business Owner

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. Section In the Office. Digital Transformation: No Longer Just for the Big Boys. 3 common myths of the digitalization trend in construction.