Imagine the inconsistencies, data lag, and work duplication if there was no communication and collaboration between payroll, human resource, and construction project management personnel. Now, think about your payroll, human resource, and construction project management software. Are you doing it all right? Companies spend a lot of time defining their company culture and values but […]
During social and economic disruptions such as the ongoing Covid-19 pandemic, companies turn inwards to find ways to revolutionize their systems for workplace resilience. Companies in the engineering and construction (E&C) sector that make use of this lull time to reinvent themselves will emerge stronger and go one-up on their competitive advantage. Rewind to the […]
You would never ask your personal trainer to create a workout plan based on the notes from your nutritionist. Why? Each profession is unique, and asking a professional to perform a task specific to a related profession is undesirable. The same argument holds for the construction sector too, especially when it comes to technology. Today’s […]
After being plagued by inefficiencies and complex managerial overheads for years, the construction industry is showing encouraging signs of tackling such challenges by adopting digital ways. It is expected that the market for digitization in the construction sector will be worth over $29 billion by 2027. One of the key areas in this sector where digital technology […]
Studies indicate that about 42% of companies underestimate the role of robust project management despite it being a precursor to the success of projects. The disregard for addressing the business’s challenge might hinder the enterprise’s growth consistency. After all, effective project management in construction can accrue various benefits, such as: Enhanced business growth Improved efficiency Better teamwork […]
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 […]
