The industry’s old-school ways mean contractors waste time and money mailing revisions to blueprints, tracking paper receipts and invoices, or traveling long distances to do on-site inspections of small changes.
95% of construction and engineering professionals think tech/innovation will significantly change their business2.
As construction professionals shoulder even more pressure to boost razor-thin profit margins, leaders are beginning to embrace the digital revolution. Fifty-five percent of construction and engineering professionals said their industry is ripe for disruption in a 2017 global survey conducted by KPMG; 95% think technology/innovation will significantly change their business; and 74% believe such a change will happen in less than five years2.
Digital disruption doesn’t have to be a burden. Here are three ways to harness digital tools to your advantage.
Manage Projects From Anywhere
Hard drives and technology are more visible than ever on the job site. Crews are now using tablets, for example, to review and inspect plans instead of old-fashioned paper blueprints. Some new applications help managers inspect remote sites by providing digital photos.
In addition, project management software can save time and increase transparency by ensuring that updates, revisions and plan changes are shared in real time, cutting down on errors and delays.
Manage Jobs Better On-Site
Increasingly, on-site job leaders are using tech to monitor and improve operations in real-time.
New mobile platforms allow foremen to update blueprints immediately on-site, instead of having to make the trip back to the office. Workers can annotate and track punch lists from the construction zone, letting them work nimbly in the field when inevitable changes on-site arise.
New mobile platforms allow foremen to update blueprints immediately on-site, instead of having to make the trip back to the office.
Being able to adjust or change plans in real-time reduces or eliminates the time-delay that can be a killer on projects. Some digital tools allow foremen to immediately retrieve and compare data on actual project hours, budgeted hours, and remaining hours, which helps keep projects on or close to budget.
Harry, a VP of Operations at a midsize construction firm, said the way that work gets done is definitely changing. “There's not too many contractors that don't have somebody that’s schooled in software,” he said. “Most of them have gotten smart enough to know that that helps.”
Track Expenses, Everywhere, Digitally
Having centralized expense control enables the home office to get a birds-eye view of all the project expenses — even those out-of-state.
Owners of mid-size construction firms say that it helps control expenses when their out-of-state workers are aware that their spending is being reviewed regularly.
Jake, the owner and operations manager for a construction firm that does about $25 million in annual sales on projects in multiple states, said, “We want our guys that are out of state to be aware that we're reviewing what they’re spending.”
Turning to the latest digital solutions helps construction leaders quickly and easily tabulate expenses and other various needs for projects. Additionally, by avoiding paper, expenses don’t fall through the cracks and pile up without your knowledge.
Custom business Credit Card programs allow firms to digitize their invoices, track expenditures and automate payments through online dashboards.
“We know ahead of time what our costs are going to be,” said Robert, president of a mid-sized construction firm. “We break up those costs, allowing our field personnel to make purchases for specific projects, up to a certain amount.”
Custom business Credit Card programs allow firms to digitize their invoices, track expenditures and automate payments through online dashboards.
“When we were looking around, I asked a couple of friends what they were doing as far as controlling their expenses and what they thought was the best way to go,” Robert said. “Most of them are using a combination of corporate cards and online financial management tools to manage their cash flow.”
Related Stories
HVAC | Dec 13, 2022
Energy Management Institute launches online tool to connect building owners with HVAC contractors
The National Energy Management Institute Inc. (NEMI) along with the Biden administration’s Better Air in Buildings website have rolled out a resource to help building owners and managers, school districts, and other officials find HVAC contractors.
Market Data | Dec 13, 2022
Contractors' backlog of work reaches three-year high
U.S. construction firms have, on average, 9.2 months of work in the pipeline, according to ABC's latest Construction Backlog Indicator.
Green | Dec 9, 2022
Reaching carbon neutrality in building portfolios ranks high for organizations
Reaching carbon neutrality with their building portfolios ranks high in importance among sustainability goals for organizations responding to a Honeywell/Reuters survey of senior executives at 187 large, multinational corporations. Nearly nine in 10 respondents (87%) say that achieving carbon neutrality in their building portfolio is either extremely (58%) or somewhat (29%) important in relation to their overall ESG goals. Only 4% of respondents called it unimportant.
High-rise Construction | Dec 7, 2022
SOM reveals its design for Singapore’s tallest skyscraper
Skidmore, Owings & Merrill (SOM) has revealed its design for 8 Shenton Way—a mixed-use tower that will stand 63 stories and 305 meters (1,000 feet) high, becoming Singapore’s tallest skyscraper. The design team also plans to make the building one of Asia’s most sustainable skyscrapers. The tower incorporates post-pandemic design features.
Office Buildings | Dec 7, 2022
Software giant SAP opens engineering academy for its global engineering workforce
Software giant SAP has opened its new SAP Academy for Engineering on the company’s San Ramon, Calif. campus. Designed by HGA, the Engineering Academy will provide professional development opportunities for SAP’s global engineering workforce. At the Engineering Academy, cohorts from SAP offices across the globe will come together for intensive, six-month training programs.
Multifamily Housing | Dec 7, 2022
Canada’s largest net-zero carbon residential community to include affordable units
The newly unveiled design for Canada’s largest net-zero carbon residential community includes two towers that will create a new destination within Ottawa and form a striking gateway into LeBreton Flats. The development will be transit-oriented, mixed-income, mixed-use, and include unprecedented sustainability targets. Dream LeBreton is a partnership between real estate companies Dream Asset Management, Dream Impact, and local non-profit MultiFaith Housing Initiative.
Student Housing | Dec 7, 2022
Cornell University builds massive student housing complex to accommodate planned enrollment growth
In Ithaca, N.Y., Cornell University has completed its North Campus Residential Expansion (NCRE) project. Designed by ikon.5 architects, the 776,000-sf project provides 1,200 beds for first-year students and 800 beds for sophomore students. The NCRE project aimed to accommodate the university’s planned growth in student enrollment while meeting its green infrastructure standards. Cornell University plans to achieve carbon neutrality by 2035.
Office Buildings | Dec 6, 2022
‘Chicago’s healthiest office tower’ achieves LEED Gold, WELL Platinum, and WiredScore Platinum
Goettsch Partners (GP) recently completed 320 South Canal, billed as “Chicago’s healthiest office tower,” according to the architecture firm. Located across the street from Chicago Union Station and close to major expressways, the 51-story tower totals 1,740,000 sf. It includes a conference center, fitness center, restaurant, to-go market, branch bank, and a cocktail lounge in an adjacent structure, as well as parking for 324 cars/electric vehicles and 114 bicycles.
Geothermal Technology | Dec 6, 2022
Google spinoff uses pay-as-you-go business model to spur growth in geothermal systems
Dandelion Energy is turning to a pay-as-you-go plan similar to rooftop solar panel leasing to help property owners afford geothermal heat pump systems.
Contractors | Dec 6, 2022
Slow payments cost the construction industry $208 billion in 2022
The cost of floating payments for wages and invoices represents $208 billion in excess cost to the construction industry, a 53% increase from 2021, according to a survey by Rabbet, a provider of construction finance software.
