From the category archives: Tech

Tech

Commercial Drone Usage Could Soar to 1.6 Million by 2021

In its 2017-2027 Aerospace Forecast, the Federal Aviation Administration (FAA) predicted that commercial drone use will reach 442,000 units by 2021 as a base estimate, but could rise as high as 1.6 million in its high estimate. Prior to the FAA licensing drone operators, certified pilots were the only individuals authorized to operate commercial drones and companies needed to secure an exemption for any use, often making operations expensive and cumbersome. 

Taking the Risks out of Project Profitability With BIM

High risk, low margin. This all too familiar description of the construction industry is at the heart of contractors’ laser focus on bottom line profitability and overcoming the variables that can (and often do) go awry.

The proof of that challenge is in the numbers. According to KPMG’s “Climbing the Curve, 2015 Global Construction Project Owner’s Survey,” just a quarter of construction projects in the last three years came within 10 percent of their original deadlines. And Turner and Townsend’s 2016 International Construction Market Survey found that the average global construction project margin fell from an already low 6.3 percent in 2015 to 6.1 percent.

No matter the size of the project or the timeline, there has always been a harsh reality: Expect the unexpected. But what if you could remove more of the surprises and reduce risk—all with increased profits? 

Capitalize on the Most Valuable Data from Fleet Telematics

Whether operating dump trucks or pickup trucks, most companies with a fleet of more than 25 vehicles have at least entertained the idea of installing telematics devices to help reduce operational costs and improve safety. However, many companies are not realizing the potential risk-reduction benefit because they are not focused on the appropriate measures to improve driver behaviors, especially hard braking.

Open Source Tool Seeks to Drive Emissions Reduction

A new open source tool that will help construction companies identify and reduce carbon emissions is currently being pilot tested by U.K.-based developer Costain and the University of Edinburgh Business School, with funding from Volvo’s Construction Climate Challenge. The Carbon Infrastructure Transformation Tool (CITT) project sprung from the need to solve two key problems facing the construction industry: high greenhouse gas emissions and the fragmented nature of supply chains.

The Impact of New Tools on Construction Productivity

Construction has never moved at the same technological pace as other industries. However, the old way of doing things is broken. Workers are using outdated tools, both powered and hand-operated, and companies are losing millions of dollars in productivity and shelling out big bucks in recordkeeping, claims processing and workers' compensation premiums. Using some of the most common types of construction tools can result in painful and potentially debilitating injuries referred to as work-related musculoskeletal disorders (WMSDs). 

Construction Executive Launches Free Mobile App

  Construction Executive is introducing a free mobile app for Apple, Android and Kindle devices. Read current and past issues of the magazine in a high-quality digital format. Simply search for "Construction Executive Mag" in your app store.

New Guide Touts Quiet Hotel Construction

A new Quiet Room® Guide is available to help architects, developers and construction professionals understand the Quiet Room® label, as well as related certification requirements, the latest methods for acoustic insulation of hotel rooms and the savings that can be realized by investing in soundproofing during the construction phase. 

The Unexpected Benefits of Project Management Software

The proliferation of project management software and services is nothing less than overwhelming. Even the companies that have established a base level of use of project management software continue to be challenged by whether advancements have overtaken the usefulness of existing systems to suggest an overhaul or implementation of a new system.

Curb Discovery Costs With a Tailored Arbitration Clause

Arbitration is premised on using arbitrators with knowledge of the subject matter to conduct more efficient proceedings. A lot of the uncertainty and expense can be eliminated with a well-crafted arbitration clause.  

Working Backward From a Budget With Target Value Design

When construction firms help owners get the absolute most out of every dollar of their investment, they can not only win the work, but also earn a client for life. Rather than letting design drive the budget, which often results in the need to “value engineer” later in the process, target value design is an approach in which the budget drives design decisions, occurring very early in preconstruction. 
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