BuiltWorlds’ Benchmarking Program provides members with the chance to compare their company’s technology adoption to that of their peers. Individuals have the ability to pinpoint gaps in their technology stack that need to be addressed in order to grow alongside the fast-paced industry. Aggregated data is compiled from comprehensive surveys that are available to members offering a widespread view of the current state of the built world. All companies that take part in the surveys are provided tech assessment reports that identify variances between the survey responses and overall industry averages. In addition, member companies have access to annual benchmarking reports that dive deeper into viable solutions and what contractors rate these solutions.
This program is designed to identify what solutions are being used today, how widely those solutions are being used, and the quality of those solutions in relation to five essential categories–Preconstruction, Project Management & Oversight, Offsite (Modular) Construction, Field Management Solutions, and Tools, Equipment & Robotics. Within this piece, we will be taking a closer look into the five categories and breaking down the Tech Specialties within each respective category.
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Preconstruction
Bid Management & Prequalification
The process of bidding includes acquiring proposals or pricing from trade contractors for the project’s specific scope. Bid management involves the distribution of project documents, accessing and comparing bids, and pre qualifying bidders based on criteria surrounding legalities, financials, and business maturity prior to awarding the work.
Estimating
Teams evaluate the labor scope, material costs, project schedule, timeline, and overall project costs within the estimating process. Additionally, estimating can also involve determining inputs that are needed for value engineering and lifecycle costing within the project.
Scheduling
Scheduling pertains to the coordination of all project activities, trades, milestones, and critical requirements to solidify the successful completion of the physical asset by all project stakeholders.
Project Modeling & Simulation
This process refers to the utilization of technology to create a 3D visualization of the completed project, to assess its constructability before and during the build. This includes solutions that allow for 3D modeling and design within an X, Y, Z coordinate system, along with the ability to simulate and communicate current project scheduling and costs, providing a 4D/5D model.
Life Cycle Costing
Out of all the tech specialties, life cycle costing carries the largest breadth of reach, as it spans across all of the costs associated with an asset throughout its whole lifespan. This includes initial investments, any additional investments, recurring annual costs, and salvage or disposal costs.
Value Engineering
Value engineering (VE) is the process of enhancing the value of a project by identifying and eliminating any unnecessary costs and scheduling inefficiencies through the implementation of optimal methods for project delivery and design. These solutions accurately analyze material cost and lead time, construction means and methods, engineering, design, labor and project management costs, schedule impacts, and lifecycle costs.
Who should take this survey?
Director of Construction Technology, Director of Process & Innovation, Director of IT, Operations Technology Lead, Director of Preconstruction, VDC Director/Manager, BIM Manager, Preconstruction Manager, Preconstruction Engineer, Bid Manager, Chief Estimator, Estimator, Estimating Coordinator, Project Manager, Project Engineer, Project Executive, Risk Management Lead.
Project Management & Oversight
Accounting & Payment
Project level accounting and payment solutions are utilized by the project’s team to track vendor and subcontractor invoices, monitor requests, materials stored and completed on-site, as well as credit, debts, and change order payments. This enables effective management of project finances and helps to ensure accurate and timely payments to vendors and subcontractors.
Collaboration & Document Management
Tools or platforms are leveraged to facilitate the storage, editing, and sharing of project-specific construction documents with an external and internal reach for project stakeholders within collaboration and document management solutions. This provides a centralized location for all project-focused documentation and enables seamless collaboration and communication among team members.
ERP
Enterprise Resource Planning, known as ERP, solutions hold significant value for companies in the built world by enabling them to have more efficient monitoring and management of tasks, while also reducing redundancy or overlapping activities. This is centered within a database that coordinates interdepartmental data assignments such as, project financials, procurement, project management, risk management and compliance enterprise performance management, supply chain and manufacturing, and workforce management.
Business Intelligence & Data Analytics
These technology solutions provide crucial insights into project performance at the project, program and enterprise levels for all stakeholders. Business Intelligence & Data Analytics collect and analyze data from various sources, including project schedules, financial data, and research usage to paint a full picture of current project performance.
Who should take this survey?
Director of Construction Technology, Director of Process & Innovation, Director of IT, VDC Director/Manager, BIM Manager, Prefabrication Lead, Senior Manager of Construction, Assistant Project Manager, Construction Coordinator, Project Assistant, Project Manager, Project Coordinator, Project Engineer, Project Executive, Business Excellence Manager, Safety Director, Operations Technology Lead.
Offsite (Modular) Construction
Prefabrication Design & Management
Prefabricated or pre-manufactured building components and materials are used within this phase of the construction process. These components are likely to be produced off-site in a factory setting, and when completed, are shipped to the construction site for the final assembly into the structure. This approach is much more efficient and cost-effective than traditional on-site methods, as there is greater control over the manufacturing process, easier scheduling and coordination, and quicker construction times.
Who should take this survey?
Director of Construction Technology, Director of Process & Innovation, Director of IT, VDC Director/Manager, BIM Manager, Prefabrication Lead, Senior Manager of Construction, Assistant Project Manager, Construction Coordinator, Project Assistant, Project Manager, Project Coordinator, Project Engineer, Project Executive, Business Excellence Manager, Safety Director, Operations Technology Lead.
Field Management Solutions
Workforce Management
Workforce Management solutions empower project stakeholders to delegate and manage labor and workforce duties proactively by scheduling and planning work, validating compliance needs, tracking time and materials, managing tasks, and monitoring productivity for construction projects. These insights offer real-time visibility into workforce performance that allows for project managers to make informed decisions pertaining to planning, scheduling, and training.
Materials Management
Solutions within Materials Management enable a project’s team to view estimated times of arrival for materials, locate materials within the project site, and optimize delivery scheduling. Contractors can also track the purchase, transportation, and storage of materials required for the project too. Leveraging this technology aids contractors to better track and integrate procurement activities into the construction schedule, ensuring that materials are available when needed.
Reality Capture
Reality Capture solutions allow project stakeholders to gain visual or quantifiable insights into a construction site’s work-in-place quantities, as-built conditions, and overall site activities. Technologies such as laser scanning, photogrammetry, and drone imaging are used to capture high-resolution images and data from the project’s site. Stakeholders are then able to access 3D models, virtual reality simulations, and other visualizations to better understand site conditions, track progress, and identify any potential issues proactively.
Quality Assurance & Control
The purpose of Quality Assurance/Quality Control solutions is to ensure that quality outcomes will be achieved through tracking, communicating, monitoring, and forecasting to give assurance and control within construction projects. This mitigates potential rework and ensures that contract scope is completed as planned.
Safety & Risk Management
Contractors can use Safety & Risk Management solutions to minimize the probability of risks within their projects by implementing risk planning, notifying about any potential hazards, monitoring and analyzing risks, and reporting any potential risks related to finance, legal issues, environment, and worker’s safety.
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Who should take this survey?
Director of Construction Technology, Director of Process & Innovation, Director of IT, VDC Director/Manager, Senior Manager of Construction, Assistant Project Manager, Construction Coordinator, Project Assistant, Project Manager, Project Coordinator, Project Engineer, Project Executive, Business Excellence Manager, Safety Director, Operations Technology Lead.
Tools, Equipment & Robotics
Fleet Management & Monitoring
Contractors are empowered by tools, robotics, and equipment management solutions, as they efficiently procure, track the whereabouts, supervise performance, optimize utilization, and anticipate maintenance of their corresponding fleet deployed on construction sites.
Handheld Power Tools & Equipment
Handheld Power Tools and Equipment solutions refers to the portable tools and devices that are designed to be held and operated manually; these are powered by an external energy source such as electricity or compressed air. These tools are utilized for a variety of purposes such as cutting, drilling, shaping, and fastening materials. Some common examples of handheld power tools and equipment include electric drills, circular saws, jigsaws, sanders, and impact wrenches.
Heavy Machinery & Equipment
Heavy machinery and equipment are utilized for various tasks like material handling, excavation, grading, and transportation. Examples include graders, bulldozers, excavators, backhoes, cranes, and dump trucks.
Autonomous Tools, Robotics, & Equipment
Autonomous Tools, Robotics, and Equipment utilize advanced technologies to perform tasks with a high level of accuracy and efficiency. These tools are meant to enhance safety, minimize costs, and boost productivity. Some examples of these technologies include autonomous vehicles, drones, and robots that operate autonomously or can be controlled remotely. They are used for various purposes such as site preparation, earthmoving, material handling, and building construction.
Wearables
Wearables are gaining traction within the industry to improve worker safety, performance, productivity, and quality. These devices include augmented reality/smart glasses, exoskeletons for physical labor augmentation, location monitoring devices, and health/vitality monitoring devices, all of which are used to collect data, facilitate communication, and enhance overall job site operations.
Who should take this survey?
Director of Construction Technology, Director of Process & Innovation, Director of IT, VDC Director/Manager, Senior Manager of Construction, Assistant Project Manager, Construction Coordinator, Project Assistant, Project Manager, Project Coordinator, Project Engineer, Project Executive, Business Excellence Manager, Safety Director, Operations Technology Lead.
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