According to a 2021 survey by Associated Builders and Contractors, 35% of contractors are expecting decreases in project profitability, furthering the need for stakeholders to identify ways to cut costs and increase productivity. Construction project management solutions are the tools and processes used to efficiently manage the planning, scheduling, budgeting, and overall execution of a
ESG standards are a set of guidelines that companies use to ensure they are operating in a socially responsible, environmentally friendly, and ethically accountable manner. The commercial real estate industry is under increasing pressure to focus on ESG, with investors and clients expecting real estate owners and operators to demonstrate their sustainability and mitigate ESG
Working in construction requires careful planning, solid strategy, and expert execution. Being able to track finite details around a building site and use that information to make informed choices is a cornerstone of successful construction companies. The construction industry has relied heavily on data analysis, even before the digitization of information. It provides a robust
Ronnie Kurlander was interviewed for an article, How Software Uncovers The Blind Spots That Sabotage Construction Management, published by Construction Dive. The article highlights how construction management software can transform mid-market construction companies.. “Think of construction management software as another tool in your toolbelt,” explains Ronnie Kurlander, CIO and construction and real estate practice lead for
Data is the backbone of the CRE industry. While this has always been the case, what’s changed is the ability to access and use data in more ways than ever before. According to a survey by EY, 92% of companies rank data analytics as the top area for technology to address because of the value
While the construction industry has been slow to embrace technology innovations, the stakes are at an all time high for many contractors and construction companies. With modern construction technology redefining the way that business is conducted, companies have to take a strategic, holistic approach to adopt and leverage technology to improve bottom-line growth and operational
The construction industry has utilized multifaceted technology to improve the efficiency and efficacy of processes for quite some time. However, access to real-time information and data through digitalization is still a challenge for many construction companies. Organizations that have implemented construction technology into their workflow often experience substantial improvements to their decision-making capabilities, data security,
Building Information Modeling (BIM) is a process for digitizing, creating and managing data during design, construction and operations. BIM provides organizations within the construction industry a systematic foundation for digital transformation, integrating structured data to generate digital representations of assets throughout a project’s lifecycle. Connecting Data, Teams and Workflows Across the Entire Project Lifecycle BIM
Construction is a complex field full of data, yet many companies struggle to use their data to drive better business outcomes. While most other industries have seen a double (or greater) increase in productivity since the early ‘90s, construction has remained almost the same. However, construction technology has been proven to increase organizational efficiency when
Data is a differentiator. This is true in many industries, especially commercial real estate. While high-quality data can improve daily business decisions, it can also enable differentiation, innovation and growth in a very competitive and saturated market. The commercial real estate industry is on the precipice of evolution, as firms begin to leverage data across
