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3 construction industry trends in 2023

Lets Build

There are some unique construction trends in 2023, but we also have more of the same. The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed These challenges will likely result in even smaller profit margins in the months to come.

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How technology can help you maintain your profit margins at residential projects

Lets Build

Setbacks like supply chain disruptions and rising energy prices are putting pressure on residential construction profit margins. And for many construction companies that operated on slim profit margins before those setbacks, even the smallest cost overruns can result in loss-making projects.

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The Secret Sauce to Protecting Construction Profits  

Autodesk Construction Cloud

While incredibly rewarding, the construction industry is a challenging sector to work in for cost-focused business and project executives. Bank failures, rising interest rates, high material prices, and labor crunches are all making it more challenging for construction companies to protect, let alone, improve their margins.

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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue.

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The most important construction KPIs to improve profits and productivity

Lets Build

What do your construction KPIs look like? If they all revolve around your financials, you might be shrinking your own profit margins. Your construction KPIs should do more than measure a project’s health—they should show you where profit and productivity are dropping, why they’re dropping, and how to fix the issue.

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Construction in the Digital Age: Embracing Innovative Tools for Successful Business

Construction Marketing

The construction industry is undergoing a remarkable transformation as it embraces the digital age. Due to the quick adoption of new tools and technologies, keeping competitive and being successful in the current environment of the construction industry are now closely related to implementing technological innovations.

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Are You Still Using Spreadsheets for Project Management?

Viewpoint Construction Technology

To keep things organized, most contractors use technology in some capacity to facilitate day-to-day workflows for project management , scheduling, accounting , estimating and more. According to JBKnowledge’s 2017 Construction Technology Report , construction companies rely on spreadsheets for many of these workflows.