5 Ways Technology Is Reshaping Construction Projects In 2020

Many technologies have flooded the world during the last few decades. These technological advancements have changed various sectors as well as specific industries as a whole in modern civilization for many years. 

The construction industry is one of the sectors that are being reshaped with the introduction of various technologies in their work. Some of the ways technology is reshaping the construction industry in 2020 are briefly discussed for your consideration.

Estimation of construction project

At the initial stage of any construction project, a list of materials and the costs associated with them as well as blueprints, are used to assess the value of the entire project. If it is done manually, then this process is very time-consuming as you will have to go through enormous amounts of data. 

But it can be made easier and quicker by using digital files containing information of the previous projects and the software used during construction of a building. These technologies can ensure accurate measurements as well as calculations to give a dependable estimated cost of the project.

Using the cloud for time tracking

In today’s technologically advanced work environment, the traditional ways of tracking time, including punch cards and preparing paper timesheets, have become obsolete as they are time-consuming and vulnerable to human errors. 

There can be errors in making payrolls as well as in punching cards. Moreover, in the construction industry, it can be hard to alienate the workers on the construction site as well as managing the enormous paperwork quickly and efficiently.

All these things can be made more accessible by using digital clocks to track time as they are easy to maintain, deployed quickly, assure accuracy and supervisor can get real-time information. The data sent electronically by the digital clock to the software used for tracking time can be managed in an integrated and cost-effective manner.

Project billing and client management

Businesses can really experience problems when there is no customer. It can reduce their profitability due to inaccurate estimation of the project, lack of necessary resources or wrong pricing, etc. However, by using the latest technologies, businesses can maintain healthy relationships with their clients

These technologies can help in the management of the construction project, monitoring of the project, control over the usage of the resources, margins, and status of the project. Businesses can manage the cash flow, invoicing, profitability, and pipeline requirements more efficiently by using the previous and current data. 

The time required for billing customers can be reduced, and payments can be made faster by the latest billing system properly.

Management of accounts receivables

The construction industry is infamously known for its late payments. This business is at the risk of an insufficient flow of cash because of a long time gap between the collection of funds and billing the clients. So, if the process of collecting payments is efficient, then it will be beneficial for the construction industry.

The management of the accounts receivables can be made easier in different ways by using technology. The technology used for this purpose can be used to identify the accounts of the defaulter clients as well as follow-up emails for payments, issuing lien notices, and send invoices. Thus billing clients can be made convenient and faster by using compatible technology.

Inspection of the site

The productivity and safety of the construction site can be ensured by inspecting it regularly. It will be a time consuming and tedious job to check the website of a large building manually. It can be made more accessible by using drone technology. 

A drone will take images and videos from various angles and even from hard to reach locations to give real-time information to the management of the project. The analysis of these photos can help in identifying whether the safety devices deployed on the worksite like delineators etc. to control the traffic at the construction site are in place or not. 

Drones can also be used for inspecting residential projects so that the builders can know about the progress in any part of the building. You can also include a 3D mapping software with your drone to get the detailed measurements of the modeling and detailing of the project.

Thus, technology can reshape the construction industry in 2020 in many ways.