We all know how important it is to catch design and constructibility issues early on in order to avoid costly mistakes or schedule delays. However, executing design reviews can be a disorganized and time-consuming process that often leads to rework. But it doesn’t have to be! Join this webinar to learn how construction technology can […]
According to the 2019 AFP Payments Fraud and Control Survey, 82% of organizations reported fraud incidents in 2018, and 43% experienced direct financial loss as a result. The construction industry isn’t exempt—56% of fraud cases are directly related to billing and check/payment, and the median loss reached approximately $250,000 in more than 40 fraud cases. […]
Momentum Will Persist For Several More Quarters, Contractors Should Stay Vigilant as Longer-term Inflationary Pressures Build Be the first to find out what economic trends will directly affect your bottom line in commercial and industrial construction next year. On Dec. 12, Construction Executive’s 2019 Construction Economic Forecast will be presented by Anirban Basu, the chief […]
Measuring performance is challenging in the construction industry because each project is unique—taking into account the design, schedule, site and team—and the process is continually impacted by dynamic factors—including labor, materials, changes and weather. As a result, many traditional key performance indicators (KPIs) are based on information that is already out of date when it […]
For most of us, 2020 did not go according to plan. Contractors have been tasked with finding new ways to run their businesses, putting finance teams at the center of this “new normal.” There are key data points that your business should focus on to not only monitor for market conditions, but also to gain […]
With the digitization of construction processes and the use of mobile devices on jobsites, we are seeing more data captured from our projects than ever before. This data can be used to improve overall quality and reduce project risk. But, according to a study by FMI, 95% of that data is going unused by construction […]
Theft on a construction site is not uncommon, and it can have a significant impact on timelines, budgets and profits. With stolen equipment alone estimated at a billion dollars in losses each year, theft has been a problem that has plagued the industry since its inception. Luckily, as technology improves, construction leaders are finding better […]
The COVID-19 pandemic has rocked a nearly invincible economy—one associated with substantial job growth, multi-decade lows in unemployment, sturdy compensation increases, robust retail sales, low inflation and strong financial market performance—and it continues to wreak havoc on business as usual. CE invites you to join Anirban Basu, chief economist for both ABC and CFMA, as […]
There’s no denying it: drones have made their way into the construction industry. And they are here to stay. Today’s drones pack a big punch, helping project managers, superintendents, field engineers and virtual design + construction (VDC) teams build instant ROI with jobsite-ready maps and models. Time and again, drones save money, reduce downtime and improve safety on construction projects.
The second wave of construction’s digital transformation is here and advancing cost management is at the forefront. Explore how real-time financial tools can improve your bottom line and redefine what’s possible for construction cost management. Over the last two decades, construction’s digital transformation has focused on digitizing drawing and documentation management, while largely ignoring cost […]
