Author- Justin Levine Source- Construction Executive Original Article- https://www.constructionexec.com/article/risk-adjusted-cost-a-new-frontier-in-construction Successful general contractors understand that accurate cost estimates are essential to both project and organizational success. For decades, the cost of construction has been a function of marketplaces: labor, materials, insurances and fees. However, given increasing project complexity and greater technological capabilities, this reality is changing.
Author- Kathleen Walch Source- Forbes Original Article- https://www.forbes.com/sites/cognitiveworld/2020/06/06/ai-transforming-the-construction-industry/#756cd70e74f1 Construction is one of the oldest professions as people have been building shelters and structures for millennia. However the industry has evolved quite a bit in the way they design, plan, and build structures. For decades, technology has been used in the construction industry to make jobs
Author- Angelica Krystle Donati Source- Forbes Original Article- https://www.forbes.com/sites/angelicakrystledonati/2020/05/13/whats-next-for-construction-and-contech-after-covid-19/#469e22bb42cb As the world slowly starts to shift into Phase Two of the Covid-19 pandemic – easing lockdown restrictions and attempting to coexist with the virus – we’re all trying to figure out what world we are coming back to work to, starting from the economic outlook
A jobsite practice that originated years ago to help contractors save time and money has been transformed into a necessity during the COVID-19 pandemic. Initially, videoconferencing was useful because it allowed stakeholders who might be states away to avoid purchasing a plane ticket or driving long distances to check on a site in person. As
The 14th Annual San Francisco Design Week (SFDW) is returning this year as a virtual design festival. The all-online program kicks off June 15-25 with the theme “Intentional Distortions.” Over 150 participating Bay Area and West Coast design firms are joining the event with original ideas and creative solutions to help businesses survive in a post-pandemic world. As
CHOOSING A LOCATION The first thing when scouting for a new home is choosing a location. Whether you plan to buy a plot of land and have a custom architect design and build for you, or if you plan to go with one of the many neighborhoods built with existing plans by Pulte, DR Horton, or
In a sign that housing stands poised to lead a post-pandemic economic recovery, builder confidence in the market for newly-built single-family homes jumped 21 points to 58 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Any reading above 50 indicates a positive market. “As the nation reopens, housing is
Even though the coronavirus pandemic threatens many areas of the economy, that hasn’t stopped construction companies from planning ahead and ensuring they have the necessary leadership to grow and move forward. These latest executive moves made so far this year, mostly before the outbreak occurred, represent some of the most high-profile construction companies in the
Construction and engineering projects around the world are being impacted by the COVID-19 pandemic in numerous ways, and many projects have stopped. How are these profound challenges being managed? The Current Impact COVID-19 is having a massive impact on construction projects, but the legal implications vary from country to country, and contract to contract. On
Chicago, Ill.—Located in Chicago’s Fulton Market District, Fulton East (215 N. Peoria St.) is a 12-story, 90,000-square-foot office and retail building slated to open late summer 2020. The newly constructed development is also among the first commercial buildings specifically designed for a post COVID-19 world. “At the time COVID-19 hit, our team immediately pivoted to research how to
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