It’s shaping up to be a busy year for building. Already, construction companies and tradespeople are finding ways to stay ahead of the pack. See what others are doing to improve construction and building in 2018.
1. Build Modular
One of the newest trends in construction is the building of modular dwellings, units, and other fabricated parts. Building on one location before delivery allows for greater environmental and waste control. It can also help limit liability by increasing control over access to the construction site, tools, and materials. The tiny home movement, modular mid- and high-rises, and other offsite construction methods are growing in popularity.
2. Embrace Technology
Nearly any aspect of construction can be augmented with a technological device, software, and other advancements in tech. While it’s possible to lean too much on technology, a balance of the right tech can add exponential value to a project. Drones, cloud sharing, GPS tracking and enhanced employee communication are just a few of the many options available. Be sure to follow all applicable local and federal laws utilizing drones and other technology. Design tools, virtual meetups and more can increase productivity utilized correctly. Find the right tools for your team and accomplish more.
3. Attract Talent (and keep it!)
Labor shortages are already apparent; some companies are grappling with more work than skilled labor to complete it with. For others, projects-in-progress have been placed on pause due to immigration enforcement. To stay ahead of the competition, some construction companies are offering better pay and benefits. Others are relying more on temporary labor. Finding help may become a challenge, be prepared to court skilled tradespeople and work diligently to retain them.
4. Go Green
Environmental awareness is growing and companies with a reputation for green policies are more likely to see revenue. Material waste and disposal, resource consumption, and environmental impact can affect company image. Wherever possible, implement sustainable policies and be sure to comply with all federal, state, and local laws. Expect this trend to continue. Companies taking a proactive approach will be better positioned for further legislative changes.
5. Control Costs
Almost ten years after the housing crash, lenders have yet to release funds with the same willingness as before. Materials costs are high, and increased costs for attracting labor add to the challenges of doing business this year. This year, more builders are contracting into public-private partnerships with government agencies. In this partnerships, public funds and assets can be made available for hiring private companies. This can be a great way to maintain infrastructure while stimulating the economy, and more builders are discovering the value.
6. Building Information Modeling
The latest in construction innovation, Building Information Modeling (BIM) is a great tool for improving the construction process. Building Information Modeling is a design and management tool. Builders, architects, and others in the design and construction process can collaborate with this BIM to deliver a winning project. Building Information Modeling can also have a positive impact on workplace safety and compliance and can help limit expenses. For more on BIM contact a Business Information Modeling firm or expert.
While perhaps an older concept, communication on the job site can almost always be improved. Today, multiple digital solutions for encouraging and improving communication are available. Builders have schedules to keep and communication can help increase efficiency and safety. Missed deadlines, liability claims, and materials waste can add up. Stay on top of projects with clear, competent communication.
Approaching 2018 with a positive attitude can help gain the edge over the competition. Review practices to see where improvements can be made and see how much more business is possible. Come back often for more on ways to improve efficiency and save money.