The construction industry is poised for its renaissance, but labor shortages and rising construction costs. Will challenge managers to be creative while still turning a profit. You will see the industry leveraging emerging technologies such as robotics. 3D design and advanced construction materials to overcome obstacles and stay competitive. We’ve compiled the top new trends in construction that you should keep an eye on to help your business stay competitive during this period of change. Construction Trends in Planning and Project Management We expect technology to help architects, home builders and interior designers plan and manage projects in 2023.
Virtual design and construction
Let’s take a look at other trends in the construction industry related to project management. Reissues of incorrect constructions account for almost 30% of construction costs. However, virtual design helps reduce these costs by allowing Canada Phone Number Data builders to view their projects in a virtual environment before construction. We expect to see increasing demand for 3D home building software that can make detailed plans and 3D renderings . Modern house designed with Cedreo Another type of virtual design technology, building information modeling (BIM), is growing rapidly. This technology is expected to have a compound annual growth rate of 14.5% over the next five years.
Digital project management
The cloud-based program can help builders manage projects, create 2D plans , quickly update plans, and save designs as templates for future use. Using AI-based predictive algorithms, project managers can assess project feasibility and anticipate Armenia Phone Number List potential issues before construction begins. Some programs allow managers to create smart contracts on blockchain to confirm legal requirements and prevent financial fraud. Supply chain disruption The lack of materials from wood to steel has hit the construction industry hard. High material costs are expected to continue into 2023 as suppliers struggle to meet demand. Builders will need to address these issues early in their process to avoid delays.
