Category: Business

Enterprises with multi-site construction projects often find themselves struggling to efficiently manage their dispersed equipment across multiple properties and regions. With programs ranging from small rebuilds to complete remodeling or construction from the ground up, overseeing the deployment, installation, utilization, performance, and maintenance of large assets and equipment doesn’t come easy – especially without the […]

Just imagine if the subcontractor didn’t update the superintendent or project manager on a modified start project time. Or, if the foreman doesn’t receive the updated project specs. Or, if the accounting manager misses an approval authorization for a work order. Communication can make or break any company’s success, regardless of industry. But, in the […]

The construction industry  is the largest worldwide employer. It’s a pillar of the economy as nearly $ 10 trillion is spent annually on construction. All things being equal, that could rise to over $ 16.6 trillion by 2025. This is the sector that creates the icons and landmarks that become the very representation of the […]

In 2020, Forrester surveyed 1300 Dynamics 365 users for nailing down the advantages of migrating from on-premise legacy systems to Microsoft’s go-to Azure cloud solution. Here’s what the study revealed:    Ownership costs (licensing fees, infrastructure costs) were reduced by $7.96 million.    Other business profits (operational gains, employee productivity) gained $8.10 million. So, it doesn’t come […]

The challenges facing the construction sector seem to be evolving. Right from segmented data to dispersed stakeholders, a constrained workforce to the growing demands for performance from project owners, some challenges are old and others new. Making it more complex is the fact that profit margins are under pressure, plus the presence of bid award […]

Whether it’s bidding documents, change orders, invoices, scopes of work or any of the other required documents, when it comes to the Engineering Procurement and Construction (EPC) industry, there’s a ton of paperwork. Yet, the paperwork is a critical part of the job. Effective document management is a vital process that increases productivity, improves accountability, […]

As companies rev up their projects in capital intensive industries such as Engineering, Procurement and Construction (EPC), construction cost overruns, or unexpected cost increases due to an underestimation during the budgeting process, can lead to devastating impacts. But, the vast majority of construction companies face overruns. In fact, nine out of ten projects experience cost […]

A few months before the pandemic rocked the world, Engineering, Procurement, and Construction (EPC) companies were looking at the promise of good times to come. The construction industry in the US had generated $900 billion in  revenue and employed more than 7.64 million people before the pandemic. The engineering industry had generated $103.24 billion in […]

Whether it’s pouring concrete, performing site preparation, electrical work, plumbing or other distinct trade related to the construction project, specialty contractors provide vital services and expertise that moves the project forward in the field.   But, managing specialty contractors can be challenging. The construction industry has more than 733,000 employers with over 7 million employees. Specialty […]

The impact of the pandemic has been far-reaching. Yet, despite the challenges it presented to the world at large, Engineering, Procurement and Construction (EPC) companies, like several others, are anxious to turn the page. In fact, all manner of construction companies with expertise and interest in building infrastructure, expect that President Biden’s infrastructure-driven “Build Back […]