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Better Pre-Con Tech Leads to 52% Profitability Boost

Better Pre-Con Tech Leads to 52% Profitability Boost

Nate Olson
minute read

In the dynamic world of construction, the role of cutting-edge pre-construction technology cannot be overstated. 

With a mere 38% of contractors satisfied with their current pre-construction tools, the industry grapples with critical issues in collaboration, data utilization, and process transitions, resulting in costly inefficiencies and missed opportunities. Addressing challenges in sales and pre-construction to prevent them from spilling over into construction operations is a top priority for ambitious firms looking to scale.

The benefits of investing in superior pre-construction technology are crystal clear: a remarkable reduction in rework by 65%, a surge in profitability by 52%, and a substantial decrease in delays by 35%

These statistics are not just arbitrary numbers; they underscore a fundamental truth highlighted by the Construction Industry Institute—that well-planned projects are significantly less prone to cost overruns and delays, and are more likely to complete on budget and schedule.* Findings from The State of Global Preconstruction 

From the Construction Industry Institute

The construction industry finds itself at a pivotal juncture, influenced by five key forces that will shape its future trajectory:

Exponential growth in global tech innovation and data production

Technological advancements and the abundance of data are reshaping the construction landscape at an unprecedented pace.

Ubiquitous connectivity powered by ML/AI

Machine learning and artificial intelligence are driving constant connectivity and fostering smarter, more efficient construction processes.

Synergistic potential of technological convergence

The fusion of different technologies presents new opportunities for innovation and efficiency in construction projects.

Imperative of continuous skill development

As technology evolves, there is a growing need for ongoing training and development to keep pace with emerging tools and methodologies.

Disruption of traditional corporate innovation paradigms

Traditional approaches to innovation are being challenged, prompting the construction industry to explore disruptive new ways of thinking and operating.

If you find yourself dissatisfied with your current pre-construction technology, rest assured, you're not alone. Even the most prolific contractors are having to adapt for tomorrow's landscape.

👉 We've partnered with one of the world's largest construction companies to revolutionize their pre-construction process, resulting in significant improvements to their design-to-budget workflow.

Last updated
Apr 3, 2024

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