The COVID-19 pandemic caused disruptions across every industry, construction included. Along with the need to identify opportunities to win more work and generate higher profits, industry players must also navigate a complex construction compliance and regulatory landscape. Given the multiple moving parts, managing projects from inception to completion while ensuring clear record keeping and clean […]
Bids for construction projects are rife with intricacies. From bid solicitation to contract formation to labor management, battling for the brass ring can be tough. So, in the midst of a competitive bidding process, how do you determine the steps you must take to stay ahead of your competitors? How can you be sure your […]
The complexity and multi-faceted nature of construction projects breed fragmentation — with processes disjointed across the value chain and coordination lacking between the systems. Often, functionalities like estimating, scheduling, and monitoring are siloed and find themselves operating in isolation or, even worse, counter to each other. This leads to a significant amount of time spent […]
Using an Excel spreadsheet for construction project management is still considered par for the course by many in the sector. For an industry, that has taken decades to evolve into a spreadsheet from paper records and estimates on blackboards, this might not be surprising. But there is a paradigm shift happening in the sector. Change […]
Workplace injuries and accidents are related to almost every type of job site. However, construction workers encounter safety hazards more frequently than any other workplace. Most of the constructions have risks related to machinery, chemicals, and building processes that can cause lethal injuries in the absence of construction safety mechanisms. Given below are some of […]
The rise in construction technology has helped fuel the growth of the EPC industry. With the availability of innovative solutions, there have been significant improvements in the efficiency, productivity, and safety of large-scale construction projects. As per the statistics, the is expected to reach the mark of $8 trillion by 2030. If you are a […]
Data, analytics, and business intelligence have started being discussed more in the construction industry as organizations witness the benefits other industries are realizing from these technologies. The construction industry that is already reeling under productivity shortages has realized that turning towards data and taking a data-driven approach towards decision-making, problem-solving and risk management may well […]
The evolution of digital technology has encompassed almost every industry. With different tools and equipment, construction project leaders work on finding ways to leverage construction technology and make the work more efficient. While the consumers might not be aware of it, most construction companies now address the increasing construction demands by adopting the latest technology. […]
Why Financial Systems Should Be the First Stop on the Digitization Journey of Construction Companies
A rather unusual, but unsurprising finding in a recent of finance teams outlined the predominant sentiment that “everything” about legacy financial systems is bad — software, workflow, and culture. Fundamentally, such viewpoints can be attributed to the lack of standardization and the adherence to a siloed approach that’s inherent in legacy financial systems. These systems are […]
Construction Project Management – An Overview Nations’ economic development and rising living standards of people are driving changes in the EPC industry. Further, rapid advancement in construction technology, digital solutions like Computer simulations, Computer-aided drawing (CAD), and skilled manpower – are all transforming the construction landscape. The construction industry deals with projects spanning agricultural, residential, […]
