Hesitant to Adopt Technology in Your Construction Business? Think Again.
New construction businesses are rapidly adopting new technologies to carve out a niche in a highly competitive sector. If you’ve been contracting for a long time, you might be hesitant to adapt your current business practices to take advantage of new technologies. If it isn’t broken, don’t fix it, right?
Hesitancy to adopt new technology into your business is a totally normal thing. Most people don’t enjoy change, and when things are going well there’s a temptation to keep them how they are. The reality, though, is that you could be wasting time, losing money and missing out on value-adding opportunities for your clients by not taking advantage of the latest and best technologies that were designed to make your job easier!
If you’ve heard about some new technologies, but you’re not sure whether they’re right for you and your firm, keep reading to get the scoop on the latest and best areas of improvement, before designing which innovations could be right for you.
BIM Proven to Decrease Project Duration and Construction Errors
Building Information Modeling, or BIM, is one of the most discussed new technologies in construction. BIM involves a set of techniques that can be used to generate digital images of buildings. These images can be used as a representation of an existing building when designing a renovation or refurbishment project, or they can be created from scratch to show clients what a project design will look like when completed.
BIM is so effective in the planning phase that 48% of contractors reported at least a 5% savings in materials when using BIM, according to a research report released in December 2015 by Dodge Data and Analytics in partnership with Bentley systems. The same report also indicated that over half of contractors experienced a 5% savings in time as well.
Drones and Laser Imaging Revolutionizing the Project Planning Phase
BIM technology is moving forward by leaps and bounds, thanks to new imaging techniques that are extremely accurate and less expensive than before. The leading BIM firms are using laser scanners mounted on tripods to generate digitized images of buildings from both inside and out, leading to more accurate cost estimations, improved scheduling, and better user experience for the client.
Although less than half of construction firms surveyed use BIM on their projects, over 30% of those that do report at least a 25% increase in labour productivity. There are major opportunities to save time and money through the effective and practical implementation of BIM technology.
File Sharing and Communication Software Known to Bolster Profits
If you’re not sure whether BIM works with your present business model, it’s almost certain that you can benefit from a cloud-based document storage and sharing solution. Online file management systems with support for web-based meetings are a growing trend in the construction business. They allow firms to easily store and track the thousands of documents that are generated throughout the course of a project, quickly share information and updates between the job site and construction office, and facilitate web-based meetings with all stakeholders.
A full seventy percent of contractors are currently using some type of cloud-based storage application, with over 80% planning to digitize their file storage and go paperless within the next two years. Increased information mobility, thanks to digital devices on-site that connect to critical project documents, results in significant time savings and reduces costly errors.
Digitized Project Scheduling Keeps Everyone on Track
If you’re not already digitizing and sharing your construction schedule, you could be missing out on the opportunity to save time and costs by enhancing your control over daily operations. Digital construction management software offers the ability to track labour costs using digital timecards, and expedite your company’s payroll process. Digital scheduling lets your project manager change the course of your project while keeping all other stakeholders in the loop with live updates.
Instant communication and easily mobile information access are huge advantages when it comes to successfully coordinating a job well done.
New technology can be challenging, and even intimidating, to incorporate into your business for the first time, but you shouldn’t let that prevent you from saving time and money using the newest tools available. Business is all about taking risks, and the early adopters for these innovative tools have enjoyed unparalleled efficiency and tremendous growth as a result. Don’t you think it’s time that you got new technology working for your business?