Since 2018, the BuiltWorlds Construction Technology Benchmarking Program has aimed to offer Engineering and Construction Companies the opportunity to understand their own technology adoption and utilization relative to the broader industry. Through comprehensive surveys available to both members as well as the broader construction community, BuiltWorlds is able to review and assess the current state of technology adoption and utilization. Companies that take the surveys are provided tech assessment reports that identify variances between the survey responses and industry averages. Additionally, member companies are able to access annual benchmarking reports that provide detailed information on which solutions are gaining the most traction, which solutions are most used today, and how contractors rate their solutions across a variety of criteria.
This survey program has served as an agnostic way for BuiltWorld’s Engineering and Construction Company members to gauge their own technology adoption effort against their peers so they can identify gaps in their technology stack and also better prioritize which of those gaps to address first. Within the construction project delivery technology research, BuiltWorlds has evaluated implementation levels, impact and adoption ratings for the following categories of technology:
- Project Management
- Field Solutions
- Offsite Construction / Modular
- Advanced Machinery & Equipment
Updates to Preconstruction Research
As a result of listening to feedback from the growing client base and the increasing demand for more technology utilization in construction, BuiltWorlds has enhanced its research methods and products. Below you will find the tech specialty areas and evaluation criteria now being researched within the construction technology adoption research efforts at BuiltWorlds. This research will include feedback from solution providers and technology adoption leaders to better understand the performance of functionalities for the following within Preconstruction technology:
Bid Management / Prequalification
- Bid Solicitation
- Bid Leveling
- Communication of Scope, Costs and/or Existing Conditions
- Qualifying Vendors
Estimating is the process in which teams assess the scope of labor, cost of materials, duration of schedule, and overall cost of the project. Estimating can also include elements and inputs needed for value engineering and lifecycle costing for the project.
- Cashflow Forecasting
- Historical Costs Analytics
- Labor Forecasting
- Quantity Takeoff Calculation
Scheduling in construction is the process in which project stakeholders coordinate all activities, trades, milestones and other critical requirements on the project to delivery the physical asset.
- Accurate Project Schedule Generation
- Multi-Project Demand Forecasting
- Periods of Delay Prediction
- Resource Planning and Management
- Schedule Overrun Reduction
- Overallocation Resolution
Project Modeling & Simulation
Project Modeling and Simulation for construction can be defined as the process that is leveraged to visualize the construction and constructibility of the project in 3D prior to and during the construction phase. This technology speciality area includes solutions that enable three dimensional modeling and design in an X,Y,Z coordinate system. Additionally, these solutions enable builders to simulate and communicate the project schedule and costs for the 3D model creating either a 4D/5D model.
- Constructibility Simulation and Sequencing (4D)
- Constructibility Sequencing & Cost Simulation (5D)
- MEP Coordination/Clash Detection
- Model-Based Cost Estimating & Calculation
- Pre-fabrication / Shop Drawing & Modeling
- Virtual Renderings/Mockups
Life Cycle Costing
Life Cycle Costing in construction is the process in which a developer and/or contractor compiles all the costs the asset will incur over its lifespan. These costs include the initial investment, future additional investments, annually recurring costs, and salvage or disposal costs.
- Asset Ownership - Cost Estimation
- Asset Ownership - Cost Optimization
Value Engineering (VE) can be defined as a a means to identify and eliminate unwanted or unnecessary costs and schedule inefficiencies to improve the value of the construction project through engineering the best possible methods to delivery and design the project. Optimizing elements of the project’s value are achieved through accurate analysis that factor in items like material costs and lead time, construction means and methods, engineering, design, labor and project management costs, schedule impacts and lifecycle cost forecasting. Dedicated Value Engineering solutions are leveraged to achieve low project cost and high value for the project.
- Time and Material Mitigation
- Resource Allocation
Take the Survey
Technology Adopters: We encourage you to get involved and take the survey! If you are a member of a general construction, specialty trade, engineering or design firm then we want to you to take our Preconstruction Solutions Survey below:
Technology Companies: We also encourage you to get involved and take the survey! If you are a member of a technology company that specializes in preconstruction technology, please follow the link below to tell us about your product:
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