How construction companies can prepare for the future
It is almost a year since the pandemic emerged and so much has changed. From the way of living to the method of working – everything has moved to the so-called “new normal”. In this hard time, the construction industry has emerged with strategic intent and resilience but with a raft of new challenges to […]
Beyond Cost Why Working With a BIM Partner Makes Sense
Back in June 2017, the US government released the 2018 infrastructure budget proposal. This plan included $200 billion of federal spending over the next decade and this would spur about $1.3 trillion in overall spending tied to the various infrastructure projects from cities, states, and private firms. There’s no doubt about the opportunities the sector has […]
5 Barriers Construction Companies Must Overcome to Benefit from Technology
The Indian real estate industry is an appealing area for international players due to many reasons. The government allows 100% FDI in areas like infrastructure, SEZs, and industrial parks. In the last 20 or so years, over $17 billion has already been invested through these routes. This being said, global companies want to adopt a […]
The Construction Technology Changes That $10 Billion Can Drive
The construction industry influences lives every day. The industry exemplifies the building blocks of our communities, and, from a broader perspective, is a foundation of the nation’s economy. That said, unlike other industries, the construction industry has been sluggish to adopt new technologies and, perhaps, has never experienced a significant transformation for that reason. Consequently, […]
What Construction Companies Must Know About Trends Like IoT And Digital Twins
Worldwide, the construction sector employs the largest workforce and is often considered to be one of the biggest drivers of the economy. In 2018 alone, the annual spending on construction worldwide was estimated to be around USD 11.4 Trillion. While most disruptions in the actual construction operations have been through the inventions or progress made in […]
What Is McKinseys View Of The Coming Transformation Of Construction?
The construction industry was witnessing only slow growth for more than a decadeeven before the outbreak of the pandemic. With the COVID-19 situation, the industry is probably seeing something close to the worst of its days. According to a report by the Global Construction Review, the GVA (Gross Value Added) for the Indian market is set […]
Modular Construction And The Enabling Role Of BIM
The current pandemic may have led the construction companies into challenging timesdue to a disruption in the supply chain and shortage in manpower. But not all hope is lost. Construction companies are turning to technology to help them get back on track, control costs, and work more efficiently. In that vein, they are increasingly adopting […]
An Exploration of Offsite Construction And 3D Printing
I have been a part of the construction industry for many years, and in all that time, I have observed something unexpected about the industry. As much as the feeling is that the industry resists change, it has evolved steadily and constantly. Who could have thought that we could not only identify clashes but also […]
Optimizing decision making with BIM
“To be careless in making decisions is to naively believe that a single decision impacts nothing more than that single decision, for a single decision can spawn a thousand others that were entirely unnecessary or it can bring peace to a thousand places we never knew existed.” ? Craig D. Lounsbrough, Flecks of Gold on […]
How can AEC companies get the most from their BIM initiatives
Construction projects have experienced considerable waste and inefficiency in the past. This has an impact on project completion timelines, project profitability, and even sustainability. AEC contractors specifically, and the construction industry in general, have chosen to adopt BIM to address these major challenges. The utilization of BIM in the AEC industry is on the upswing […]