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How to Unlock Your Building Company’s Potential?

Unlock Building Company's Potential


In the world of construction and real estate, success is often measured by the ability to deliver quality projects on time and within budget. Building companies face a myriad of challenges in achieving this goal, from managing complex projects to handling a fluctuating workforce and rising material costs. However, there is a simple yet powerful way of unlocking the complete potential of your construction company: embracing technology. In this article, we will explore how technology can transform your construction business, supported by compelling statistics that illustrate its impact.


5 Simple Ways to Tap into Your Company’s Potential


1) Streamlining Project Management

At the core of every triumphant construction project lies effective project management. The traditional methods of using spreadsheets and manual paperwork are error-prone and time-consuming. Here’s where technology steps in:

a) Construction Management Software:

According to a report by JBKnowledge, 83% of construction professionals believe that adopting construction management software improves project efficiency. These tools streamline project documentation, communication, and scheduling, reducing delays and enhancing overall project performance. 

b) BIM (Building Information Modeling):

The use of BIM Technology has grown rapidly in the construction industry. According to Dodge Data & Analytics, 61% of construction projects involve the use of BIM. Architectural BIM Services allows for 3D modeling, clash detection, and collaborative planning, significantly reducing rework and improving project accuracy.


2) Enhancing Communication and Collaboration

The success of any construction project hinges on the essential elements of effective communication and collaboration. Technology provides the tools to foster better communication and collaboration among all project stakeholders:

a) Mobile Apps:

Mobile applications tailored for construction teams empower them with instant communication and remote access to project data, regardless of their location. According to a report by JBKnowledge, 93% of construction professionals use smartphones or tablets daily on job sites.

b) Cloud-Based Platforms:

Cloud-based project management platforms facilitate collaboration by allowing multiple parties to access and update project information simultaneously. A study by Procore found that 88% of construction professionals believe cloud-based technology improves project management.


3) Reducing Cost Overruns

Construction projects often suffer from cost overruns, which can eat into profits and damage a company’s reputation. Embracing technology can help keep costs in check:

a) Estimating Software:

Accurate cost estimation is crucial in preventing cost overruns. Construction estimating software, such as ProEst and PlanSwift, enables precise cost calculations and reduces the risk of underbidding. A Dodge Data & Analytics report indicates that 61% of contractors use estimating software. 

b) Cost Tracking Tools:

Implementing cost-tracking tools can help identify cost overruns early in a project. According to a report by KPMG, 88% of construction companies that use cost-tracking software reported a reduction in project cost overruns.


4) Improving Safety

Safety is a top priority in the construction industry. Technology can have a substantial impact on improving safety in the workplace:

a) Wearable Technology:

Devices worn on the body, like intelligent helmets and vests, have the capability to track employees’ vital signs and issue alerts during emergencies. A study by Dodge Data & Analytics found that 82% of contractors believe wearable technology improves safety.

b) Drones:

Drones are increasingly used for site inspections and safety assessments. They can access inaccessible areas and provide valuable data without exposing workers to unnecessary risks. According to the Federal Aviation Administration, the number of drones used in construction increased by 239% between 2016 and 2019.


5) Sustainable Construction

Sustainability is a growing concern in the construction industry. Embracing technology can help building companies incorporate sustainable practices into their projects:

a) Green Building Software:

Green building software tools, like LEED Online, assist in tracking and managing sustainable building practices. A report by Dodge Data & Analytics reveals that 54% of construction professionals are using green building rating systems on their projects.

b) Energy-Efficiency Tools:

Technology can also aid in designing energy-efficient buildings. Simulation and modeling tools enable architects and engineers to optimize building designs for energy savings. The use of such tools is on the rise, with 78% of architects incorporating energy analysis into their projects, as per a report by the American Institute of Architects.



The construction sector is undergoing a transformation, with technology at its core, driving this evolution. The statistics presented in this article highlight the significant impact that technology has on streamlining project management, enhancing communication and collaboration, reducing cost overruns, improving safety, and promoting sustainable construction practices.

Embracing technology is the simple way to unlock the full potential of your building company. By investing in construction management software, BIM Outsourcing Services, mobile apps, cloud-based platforms, estimating software, cost-tracking tools, wearable technology, drones, green building software, and energy-efficiency tools, you can position your company for greater success in an increasingly competitive market.

Don’t be left behind—embrace technology and harness its power to propel your building company to new heights of efficiency, profitability, and sustainability.