Tracking Technology in Construction 2020
From small and medium-sized companies, to enterprise construction companies, we talked to 260 businesses across Australia to get an in-depth look at where the construction industry stands in 2020. Here's what they said.
01
Improve your bottom line.
Significantly, Australian construction companies are recognising the benefits of efficiently capturing, integrating and standardising data. They estimate the business decisions made with data-driven insights could deliver impactful savings on project costs.
03
Rework remains a challenge.
Small construction companies are working harder to reduce rework and are still under pressure, while medium-sized businesses have reduced their level of rework. For large businesses, one-fifth of their time is spent on rework, adding significant cost pressure for raw materials and labour.
04
Technology drives change.
Pre-fabricated parts remain the most anticipated driver of change, with large-sized construction companies looking at integrating a broader range of technologies to drive growth going forward.
44%
PRE-FABRICATED PARTS
33%
BIM/CAD
30%
DIGITAL PM TOOLS
28%
INTERGRATED CONSTRUCTION
MANAGEMENT PLATFORM
25%
3D PRINTING
05
Connect & collaborate better with subcontractors
Overwhelmingly, construction companies are recognising the importance of communicating and collaborating beyond their own employees to include their subcontractor network.
