TECHNOLOGY TRENDS IN CONSTRUCTION


Te industry is accustomed to


subcontractors who fail to recover costs for their work, and the manual nature of the current T&M process only exacerbates this trend. While a digital T&M tool is unlikely to change many of the underlying economic


factors that define the industry, better use of automation and data will have a positive impact to protect its stake- holders and represents an important step to improving the financial perfor- mance of the industry. 


The utilidor shown in the above photo accommodates all the baggage handling infrastructure and utilities at the SFO project. This work was accelerated to advance the schedule, much of which was executed on a T&M basis.


accurate and timely data to project stakeholders in real-time. Andrew Cameron describes how


this is being implemented at SFO: “We knew there had to be a better


way to manage the traditional T&M workflow. We’ve partnered with a local Bay Area start up to develop a digital solution that is being rolled out with our trade partners so that all parties can benefit from a streamlined digital experience. We are of the view that a digital workflow can provide numerous


benefits including:  Automating T&M tickets in the field immediately digitizes the data, and makes it accessible to all project stakeholders, including owners, architects and construction managers. Tis visibility assures that T&M work is identified, understood, and well managed.


 Te chances of the data being lost or delayed is reduced, improving the opportunity and likelihood for timely processing and payment to trade partners.


 Data that is digitized at source drives transparency in the change order and payment processes.


 Better use of the data for metrics, insights, trending and forecasting drives awareness of project cost and contingency impacts, which in turns creates optimal conditions for subcontractor compensation.”


www.AGC-CA.org 8


The Marcum Construction Summit, is dedicated to updating construction contractors, finance and accounting professionals on the economic state of the construction industry. This complimentary event is expected to draw over 150 construction contractors and other service providers from across California. Join us for an afternoon program featuring some of the most pertinent topics of conversation for the construction industry along with an opportunity to network!


We hope you can attend! REGISTER TODAY


www.marcumevents.com/construction


Keynote Speaker


ANIRBAN BASU


Chief Construction Economist Marcum LLP


Thursday, October 18, 2018


Irvine Marriott 18000 Von Karman Ave. - Irvine, CA 92612 3:00 ‒ 3:30pm 3:30 ‒ 6:00pm 6:00 ‒ 7:30pm


Registration Program


Cocktail Reception


For information on being a sponsor, please contact Elizabeth Doradea at elizabeth.doradea@marcumllp.com or (415) 432-6306


Associated General Contractors of California 19


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