Effective project management helps ensure that all the tasks in any project, irrespective is size and scale, progress smoothly. Project management makes project delivery speedier and helps create the circumstances in which better decisions are made. A study reveals that organizations lose out on at least 12% of their resources due to poor project management […]
The global construction industry is booming, with billions invested in new projects. Yet, it’s plagued by a critical problem: massive delays and stagnant productivity. A 2020 McKinsey report highlighted that while the sector accounts for 13% of global GDP, its productivity has grown by a mere 1% over the last two decades. For project managers, […]
What’s New in Project Management in Construction? Just as the construction industry is recovering from the pandemic’s aftermath, the increasing material costs, crushing deadlines, and labor shortages have started posing new challenges. According to ENR’s research, 100 construction management firms were at risk last year as they struggled to keep the project moving and stick to schedule […]
According to a recent study, 85% of project owners in the construction industry are digitizing their internal processes, and 70% are already instructing their contractors and sub-contractors to use digital flows, documentation, and collaboration practices. It is a huge step because the construction industry has not particularly been an early adopter of digital technology. The industry has, […]
While announcing a slew of measures to improve the economic outlook of the country, President Biden announced in February of 2022 that all federal projects over $35 million in value need to follow Project Labor Agreements (PLA). But even before this announcement for federal projects, the construction industry witnessed a massive push by the administration to execute […]
Even in an era where layoffs are common, the shortage of skilled labor continues to be a top concern for companies in the construction space. While the growing skills gap is one of the major reasons for this shortage, labor disputes also have an impact. Disagreements regarding conditions of employment, benefits, hours of work, tax […]
If you believe your construction company can achieve sustainable growth with manual processes and disconnected systems, it’s time to reconsider. While new companies might find initial success without technology, that approach has a ceiling. As your company matures and expands, it becomes clear that the only way to survive and thrive is to build your […]
The construction industry may well be at the top spot if we were to rank industries on the basis of complexity in compliance. It is easy to assume that the sector follows very simple workflows, and hence compliance shouldn’t be too much of a problem. But the reality is far from this notion! Many areas […]
Construction companies on the path to enhanced efficiency are quick to automate processes, bring in new workforce productivity solutions, and up their analytics game. However, few people realize that if there is one function that requires immediate attention, it is payroll management! Effective payroll management is a crucial aspect of every business, especially in the construction […]
In the context of payroll processing, Microsoft Excel has been a standard, universally employed tool. It promised to be easy to use and offered capabilities for companies that didn’t deal with complex labor or tax laws. In the past, advanced payroll software was also not easily available, and what was, was just too expensive. But […]
