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The digital black hole impacting the construction industry

Field Wire

Let’s face it, for an industry that uses increasingly cutting-edge technology to execute their clients’ complex projects, companies in the construction industry still struggle to embrace tech that provides the same level of precision for the internal workings of their businesses. This can help improve planning and overall profitability.

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Reflecting on 2023, Looking Ahead to 2024

Rabbet

Twelve months ago, I reflected on the difficulties in investing in CRE due to the uncertainty in the market and current status of the T-bill in my white paper “ Maximizing Returns in CRE…. ”. This will likely also affect the cost of construction projects. And many landowners have ample time to wait out the market return.

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Using Business Intelligence to Gain a Competitive Edge

Viewpoint Construction Technology

Whether you’re an owner, executive, project manager, or job supervisor, it’s important to know what’s happening in your business and how you stand next to the competition. When profit margins are thin, it doesn’t take much to wipe out a project’s financial benefits. Scheduling, planning, and collaboration optimization.

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How to Manage Compliance for Construction Success

Viewpoint Construction Technology

These days, many contractors are faced with managing larger, more complex projects on a regular basis. That means they have even more to keep track of in their already busy schedules. Construction management is challenging, in no small part because the industry is governed by a plethora of regulations. Building codes.

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Managing Small Construction Projects Using White Boards Vs. Software

Contractor Bookkeeping

The Right Construction Scheduling Tool Makes All The Difference. As a construction accountant with a Project Management Professional Certification (PMP) I love software; however there are times w hen a pencil and paper is better, quicker and more efficient than a piece of software and managing a small construction project is one of them.

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Things to Consider When Starting a Construction Project

PN - Project Management

Unfortunately many construction projects go wrong because they are badly planned and poorly thought through. White elephant construction projects Those embarking on a new construction project must do thorough planning before starting the project.

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Project Foundation Pt. 1: Building the Master Schedule

Stok

After a successful project kick-off , a solid foundation is required to bring your project into “flow state”. That foundation is a detailed schedule and budget, created and owned by the Project Manager, with input from consultants and contractors, and approved by the Client.