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Over 90 percent of all global infrastructure projects, according to The Economist, are either over budget or late, perhaps due to today’s worldwide capital projects getting evermore complex and larger in scope. Labor costs comprise 20 to 50 percent of total project costs. Labor productivity has declined, hours have been […]
From design, to project management, to jobsite safety, Artificial Intelligence (AI) is transforming the way we construct our world. AI comes at the perfect time as demonstrated by Statista’s projection of a 27% increase in construction spending in the coming years. Simultaneously, the construction labor force is shrinking. Therefore, construction […]