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BUSINESS, INSURANCE & RISK MANAGEMENT


Built to Adapt: Construction Sees Growing Technology Trend


By Tim Mahoney, CliftonLarsonAllen LLP


unprecedented disruption. While the construction industry was deemed essential and generally avoided government-imposed shutdowns, companies still face many challenges. Te CARES Act provided $2.2


T


trillion in economic stimulus and stabilized the industry by providing much-needed assistance to the overall economy. Now that the initial stimulus


he previous year was marked by change and adaptation as the COVID-19 pandemic brought


money has been spent, there is uncer- tainty as to the economic outlook in the near-term. New nonresidential building starts have slowed and government budget shortfalls have resulted in delayed or cancelled public works projects. For an industry defined by risk


management, the current economic environment is forcing construction companies to identify new ways to oversee their job sites, control increasing costs, and manage supply chain disruptions. As a result, companies are adopting new technology - with a


focus on safety, efficiency, and data - to help improve their bottom lines.


Technology Usage Grows Safety has always been a priority


on job sites, but during COVID-19 it has become a primary focus. Many companies are adjusting how many workers are allowed on-site, determining how teams maintain reasonable separation from each other, and providing personal protective equipment. Along with these measures, there is a growing use of digital technologies to enhance worker safety. Remote site monitoring and


Still Growing


Jose “Castro” Hernandez 46 years with Marina


personal location tracking (through wearable sensors) can provide companies with real-time information on who is performing the work, where on the site it is taking place, and how the project is progressing. Te improved oversight and communi- cation helps companies mitigate risk on the job site, which can help control costs related to liability and workers’ compensation insurance. Enterprise resource planning


landscape construction landscape maintenance landscape architecture erosion control design build


software integrates project costs, materials, equipment, timekeeping and scheduling. And project management is moving beyond just analyzing cost overruns and delays after they have happened. With improved technologies, project managers have access to data to help them make faster and more informed decisions for their projects. Tese real-time insights increase


the utilization of labor and equipment and can help adjust scheduling of material deliveries. Such capabilities allow companies to optimize opera- tions and keep projects moving on


12 January/February 2021 California Constructor


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