Category: Project Management
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Smarter Construction with AI: Scheduling, Estimation, and Risk Mitigation
In an industry driven by tight schedules, complex workflows and growing demands for sustainability, building owners and facility managers are turning to artificial intelligence (AI) to bring efficiency and clarity to preconstruction and construction workflows. AI’s ability to process large datasets, predict outcomes and automate repetitive tasks can revolutionize project management, offering solutions to some…
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Construction Delays and Burnout: The High Cost of Compressed Schedules
In the high-stakes world of construction, the project schedule is often seen as the immutable roadmap to success. It dictates timelines, resource allocation, and ultimately, profitability. Yet, all too often, this meticulously crafted plan encounters the harsh realities of the jobsite, leading to a phenomenon that can cripple projects: schedule compression. Simply put, schedule compression…
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Why Smarter Project Management Is Key to Jobsite Success
In the heart of downtown, a sleek skyscraper rises, its glass facade gleaming in the morning sun. Behind this architectural marvel is a silent hero: cutting-edge project and information management technology that’s revolutionizing how construction firms handle risk and quality control. Gone are the days of cluttered job trailers overflowing with hard-copy blueprints, specification documents…
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The Construction Industry’s Labor Crisis: Can AI Bridge the Workforce Gap?
The construction industry is facing a severe labor shortage. The workforce is aging as projects become increasingly complex and economic pressures demand greater efficiency. Part of this problem stems from the 2008 financial crisis, when a generation of workers was forced to avoid the construction industry, with new builds not being as in demand. Now,…
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The Hidden Costs of Overlooking Drainage Infrastructure Design in Construction Projects
Construction projects, particularly large-scale construction projects, require meticulous planning to stay on schedule and within budget. Yet, one critical factor often underestimated in the early phases is drainage infrastructure design. Overlooking proper drainage planning can lead to delays, structural instability and costly rework. Flooding, soil erosion and regulatory setbacks can disrupt timelines and inflate budgets.…
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5 Ways Offshore Staffing can Help Construction Businesses
Many large-scale construction projects require countless hours to juggle schedules, coordinate subcontractors, and keep anxious clients in the loop. Often, you’d be so focused on the daily fires—like site issues or material delays—that more strategic tasks, such as risk assessments and budget forecasting, fell by the wayside. If you’re a general contractor or a construction…
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Equipment Sale Leaseback: IRS vs. FASB Considerations
An equipment sale leaseback is a financial arrangement where a company sells its equipment to a leasing company or financial institution and then immediately leases it back for continued use. Essentially, it’s a way for a business to free up cash tied to equipment it owns while still retaining access to that equipment for its operations.…
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State of Construction Report Reveals How AI, Automation, and Workforce Shifts are Shaping the Industry
AI and automation are poised to significantly enhance productivity in construction, where 18% of project time is currently lost searching for data, and 28% is wasted due to rework, according to a Future State of Construction Report released by Procore Technologies, Inc. “The construction industry is at a turning point, and technology is the catalyst…
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How Technology is Building a Safer Construction Environment
Construction is known for its inherent risks. The iconic image of workers casually eating lunch on a skyscraper beam with no safety measures highlights the risks that have long been present in the industry. In fact, 41% of the 34 deadliest jobs in the U.S. are in construction. While safety practices have significantly improved since…