Associated Builders and Contractors released its inaugural Tech Report recently that was focused on technology and tools that ABC members use to be safer, more profitable, and primed to win more work.
The report examines opportunities for construction contractors to improve their operations in project coordination, planning, estimating, production, and scheduling. “This report will provide construction leaders with a roadmap to understand how technology and innovation can help their businesses,” said Jack Hineman, vice president of business intelligence, Gaylor Electric Inc., Indianapolis, and chair-elect of ABC’s Construction Technology and Innovation Committee.
Among the findings:
· Seventy percent of respondents listed an operational issue as one of their top three challenges that technology can help solve.
· More than half of respondents rely on project management software, with 68% using it for office management and 59% using it in the field.
· Nearly all respondents rely on specialized accounting and billing software.
· Seventy-eight percent of respondents have implemented new technology in the past two years, with software platforms for project management and accounting being the prime focus.
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