Accurate Data = Accurate Forecasting
Construction Business Owner
DECEMBER 20, 2018
A comparison of the predictive cost and traditional forecast models for construction businesses.
AI, robotics dominate 2024’s construction tech forecast
Construction Dive
JANUARY 10, 2024
Expect machines trained on “large behavior models,” more mass timber, prefab and 3D printing. But always keep jobsite safety in mind, experts say.
Forecasting 
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Trending Sources
Fed Economist Forecasts Uptick in Single-Family Construction
Pro Builder
OCTOBER 6, 2022
Fed Economist Forecasts Uptick in Single-Family Construction. Thu, 10/06/2022 - 10:24. The housing market may be slowing, but senior economist Jordan Rappaport predicts an upcoming surge in single-family home building .
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Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates
Pro Builder
DECEMBER 9, 2022
Uncertain Housing Forecasts for 2023 Reveal a Market Hingeing on Mortgage Rates. There is an especially wide range in the forecasts for house prices and shows the difficulties in modeling this housing cycle. Fri, 12/09/2022 - 09:21.
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Goldman Sachs Forecast Suggests Home Price Increase
Pro Builder
OCTOBER 13, 2021
Goldman Sachs Forecast Suggests Home Price Increase. A recent Goldman Sachs forecast projects that national house prices could increase a further 16% by the end of 2022, driven by one of the longest housing shortages to ever affect the U.S. Our model now projects that home prices will grow a further 16% by the end of 2022.".
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BUILDER SMS – Too little to late?
Job Order Contracting
MAY 9, 2023
Lamm, Justin D. Delorit, Michael N. Grussing, Steven J. Schuldt [contact-form] The post BUILDER SMS – Too little to late? appeared first on 4BT.
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New Model-Based Workflows, Reality Capture and Extended File Support in Autodesk Construction Cloud Make BIM More Valuable to Construction Teams
Autodesk Construction Cloud
SEPTEMBER 28, 2022
Project stakeholders can now access critical model data with fewer steps; powerful new features provide greater control over cost and schedule management. The model is a great source of truth during design and planning, but data isn’t easily transferred to construction teams during the build phase of a project. New Orleans, LA.,
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California is a Model for PACE Loan Reform
Green Building Law Update
JANUARY 29, 2017
California’s statutory changes to its existing residential Property Assessed Clean Energy (PACE) financing program, that became effective January 1, 2017, may be a model for residential PACE programs across the nation. The first residential PACE program started in Berkeley, California in 2007. To that end, the State enacted Assembly Bill No.
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Following—and forecasting—the money: Financial modeling for project managers
BD+C
APRIL 30, 2018
With construction costs comprising between 60% and 85% of the budget for commercial developments, the need to efficiently oversee and balance resources is a top priority. Key to this challenge is the project manager (PM), who synthesizes data on costs, materials, and time to maintain the integrity and momentum of the job.
Glasgow's New 'Smart' Canal
ENR Construction
DECEMBER 9, 2021
AECOM is developing a live hydraulic model for a smart canal in Glasgow that will proactively manage flood risk and water quality using rainfall forecast data.
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Autodesk and AWS are Helping Construction Firms Gain Useful Insights from Their Data
Autodesk Construction Cloud
SEPTEMBER 29, 2022
In addition, AWS AI and Machine Learning services such as Amazon Rekognition and Amazon Forecast can be implemented on the data stored in Amazon S3 and Redshift to better analyze and forecast construction performance. Amazon Forecast allows you to combine time series data with additional variables to build better forecasts.
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Construction Industry Insights For 2022
Contractor Bookkeeping
JANUARY 7, 2022
The past two years have been anything but ordinary, and frankly, we are having a tough time with the economic forecasts models we follow, including our internal ones.
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LEAN Job Order Contracting
Job Order Contracting
MARCH 22, 2018
Manage estimates, budgets and forecasts. Effectively and transparently track and manage budgets, forecast performance and progress, and create a collaborative procurement and cost/project management process. BIM Model management. Linked BIM model. U nleash the power of BIM and full Document Management. Use and limits.
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This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction
Pro Builder
JUNE 6, 2023
However, Zillow's forecast model is predicting Austin will rebound +2.2% Moody's Analytics estimates that the Austin-Round Rock-Georgetown, Texas metro area will see a -17.9% peak-to-trough house price decline this cycle, including a -8.8% decline between Q2 2023 and Q2 2024. between April 2023 and April 2024.
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Have You Tried?: Executive Level Cross Project Budget Report in Autodesk Build
Autodesk Construction Cloud
JUNE 1, 2022
Chances are you’ve heard about recent big, highlighted releases such as the model accessibility in mobile and Bridge. With hundreds of updates to Autodesk Construction Cloud products in the last year alone, keeping tabs on all these new changes can feel overwhelming. We are excited to announce our new “Have You Tried” blog series.
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Does Propane Have an Edge on Household Energy Costs?
Pro Builder
DECEMBER 21, 2020
When comparing home energy sources, construction professionals can turn to recently released data from the DOE, which forecasted the representative average unit costs of five residential energy sources including electricity, natural gas, heating oil, propane, and kerosene. DOE Results. Whole-Home Solutions. Energy Efficiency.
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5 Critical Construction Project Reports your System Should Pull Without Fuss
Viewpoint Construction Technology
FEBRUARY 12, 2019
You’ll also need a general ledger model that supports inter-company transactions and hierarchical reporting across business units and entities. Forecasting and Cash Flow Reports. revenue, risk and cash flow forecasting) and enable you to assess historical project performance.
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Data Analytics Trends in Construction
Viewpoint Construction Technology
OCTOBER 23, 2018
Closely tracking things like job costs, change orders, material and equipment usage and worker productivity from your projects can help better forecast future work and lead to smarter bidding. You want data to help you make smarter decisions based on models of what will happen in the future. Your data can help you develop these models.
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RS Mean’s 2015 Facility Manager’s Package offers new life cycle cost models for facilities
Construction Cost Estimating
JANUARY 27, 2015
RSMeans obtained by the Gordian Group, the most recognized supplier of construction cost estimating information in North America, just declared the availability of its totally new life cycle cost models for facilities which belong to its 2015 Facility Manager’s Package.
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Construction is NOT complex…. People are. Successful Construction Project Delivery Requirements
Job Order Contracting
MARCH 6, 2021
RESOURCES eBOOK – An Introduction to LEAN Construction – Your ultimate guide to facilities repair, renovation, and new build cost management.
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Federal Reserve Will Not Taper Monthly Bond Purchases Just Yet
Pro Builder
JULY 29, 2021
The NAHB forecast has projected higher interest rates as the economy expands. Additionally, the forecast calls for somewhat above-trend inflation over the next few years. We still expect 2021 GDP growth to be the best year since 1984.
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How is Artificial Intelligence Helping Home Buyers?
Pro Builder
SEPTEMBER 20, 2021
At LoanSnap, a San Francisco-based mortgage lender, the borrower’s financial information is put in a system that “takes all that information, forecasts it out into the future and looks at thousands and thousands and thousands of options,” said Karl Jacob, CEO of LoanSnap. Zillow recently upgraded its popular home price ?Zestimate,”
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The US Housing Market Is Stabilizing, but Regional Markets Are Still Skewed
Pro Builder
APRIL 18, 2023
Instead, the housing market is showing signs of stabilization.
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Weather Alert Systems in Construction
Lets Build
FEBRUARY 3, 2017
A weather alert system, is a system that triggers warning alerts in case that weather forecasting exceeds a certain threshold. The problem is that weather forecasts should issue such notifications. However, weather forecasts are normally more or less precise for the upcoming 24-48 hours. Yes, absolutely.
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Natural Disasters Cause $85 Billion Global Economic Loss During First Half Of 2013
Buisness Facilities Contributed Content
AUGUST 5, 2013
Impact Forecasting , the catastrophe model development center of excellence at Aon Benfield (the global reinsurance intermediary and capital advisor of Aon plc), has issued its mid-year natural disaster analysis, which aggregates the key global natural disaster perils data for the first half of 2013. Posted by Heidi Schwartz.
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Construction Workforce Shortage Tops Half a Million in 2023, Says ABC
Construction Superintendent Magazine
FEBRUARY 9, 2023
The construction industry will need to attract an estimated 546,000 additional workers on top of the normal pace of hiring in 2023 to meet the demand for labor, according to a proprietary model developed by Associated Builders and Contractors.
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Unlocking the Power of Data Through Construction Ecosystems?
Autodesk Construction Cloud
APRIL 1, 2022
Being able to leverage the Forge Viewer has been valuable to O3 because we can consume models engineered in any offering tool and leverage them for the virtual construction model. We’re not limited just to one small subset of models that are engineered inside a tool made by the same provider.”? .
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AStrutTie – A powerful software for structural analysis and design
Construction Cost Estimating
SEPTEMBER 25, 2017
It is primarily applied to make analysis and design a strut-tie model for concrete members which contain disturbed stress region(s). The most perfect strut-tie models are developed based on the principal stress flows and/or evolutionary structural optimization (ESO) results. Visual validations of strength conditions can also be done.
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40 Building with Digital Blocks — Why a Culture of Innovation is Vital for the Future of the Construction Industry
Autodesk Construction Cloud
AUGUST 1, 2023
Many in our industry are already adopting Building Information Modelling (BIM) 3D modelling, virtual and augmented reality, and data-driven decision making as part of their everyday operations. Automation of repetitive tasks, intelligent workflows, and fine tuned forecasting are some of the ways technology can supercharge timelines.
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New Report Illuminates Global Work Opportunities, Disruptions
Buisness Facilities Contributed Content
JANUARY 20, 2016
Supported by a grant from The Rockefeller Foundation, the report encapsulates a year-long study of forecasts for work and working populations. Beyond exploring forecasts in each of these areas in depth, The Futures of Work looks at practical implications for workers, employers, and governments over the next 15 to 20 years.
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Enabling real-time collaboration in Egyptian construction
Autodesk Construction Cloud
JULY 25, 2023
Not only that, but the fact that there are no conflicts between different versions being worked on by different teams also saves huge amounts of time, stress and rework, says Ahmed Nafea, Building Information Modelling (BIM) manager in Polar Management, the project management arm of Redcon.
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Issue Resolution and Clash Avoidance with Autodesk BIM Collaborate
Autodesk Construction Cloud
JULY 13, 2021
That resolution then makes its way back to Autodesk BIM Collaborate for reporting and future project forecasting. . Autodesk BIM Collaborate’s browser-based model coordination and design collaboration tool comes with automatic clash detection and grouping tools that help identify issues early on. Autodesk BIM Collaborate.
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Straws worth clutching at
Construction Law
JULY 6, 2020
Commentators and forecasters across the world are grasping at whatever straws they think they can see for signs of a rebound from the Covid-19 lockdown’s impact on economies. The research suggests that construction sites are facing productivity losses of around 35% due to the impacts of Covid-19.
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The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment
Construction Business Owner
APRIL 5, 2021
The New Preconstruction Advantage: Connected Quantification & Model Coordination in a Common Data Environment. This enables teams to recover margins when rework is reduced and improve the quality of construction models — all before breaking ground. Perform 2D/3D takeoffs & BIM coordination in a single software solution. Greg Ragsdale.
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The Year of Catalytic Disruption
Pro Builder
AUGUST 6, 2020
Plus, industry experts and media pundits alike were abuzz with forecasts of another banner year in 2020. . In-person model home tours, sales office appointments, and community opening events will continue trickling back in post-pandemic, but the viability of this new digital-focused business model will continue to prove valuable. .
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20 construction industry trends to watch in 2020
Building Radar
JANUARY 14, 2020
Forecasts: How the construction industry in Germany will develop in 2020 Software in the construction industry 1. Furthermore, forecast models calculate realistic time constraints for project control. Many team players, much data: one cloud for all The magic of Building Information Modeling (BIM) succeeds thanks to the cloud.
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Building Strong Starts: Protecting Profit Margins Through Effective Preconstruction
Autodesk Construction Cloud
JUNE 8, 2023
Plus, preconstruction solutions like Autodesk Construction Cloud offer automated clash detection tools to streamline model coordination and free your team from having to do tedious processes. These advanced tools streamline the preconstruction process and pave the way for accurate forecasting, risk mitigation, and resource allocation.
The first step to sustainable transportation
Autodesk Construction Cloud
AUGUST 30, 2022
The models it can develop improve the way costs are forecast and managed and, therefore, ensure budgets are more accurate. As well as improving communication throughout the design and construction of infrastructure assets, technology also has much to offer the transport industry.
Manufacturers Bet on Tech for New Home Appliances
Pro Builder
SEPTEMBER 14, 2020
The Association of Home Appliance Manufacturers says that 10% of homes will own a smart appliance this year, and market research and consulting company Futuresource Consulting forecasts that the category will grow at a 36% compound annual growth rate to 2023. Side-by-Side Smart Refrigerator. Smart Kitchen Ranges. Smart Homes.
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Sustainability – Building Performance Database – BPD – U.S. DOE
Building Information Management
JUNE 27, 2013
The BPD contains actual data on tens of thousands of existing buildings — not modeled data or anecdotal evidence. Financial Forecasting Tool. Forecasts cash flows for energy efficiency projects. Register/Access. Key Features. The BPD enables statistical analysis without revealing information about individual buildings.
Sustainability – Building Performance Database – BPD – U.S. DOE
Building Information Management
JUNE 27, 2013
The BPD contains actual data on tens of thousands of existing buildings — not modeled data or anecdotal evidence. Financial Forecasting Tool. Forecasts cash flows for energy efficiency projects. Register/Access. Key Features. The BPD enables statistical analysis without revealing information about individual buildings.
Agile and Responsive Modular Design in Biopharmaceutical Manufacturing
Autodesk Construction Cloud
NOVEMBER 7, 2022
With modular construction, additional capacity can be added or repurposed rapidly — and that’s an important consideration, for the size of any plant is usually determined by the level of forecast demand. If that is undercooked, the facility will quickly reach capacity.
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Top 10 Contractor Mistakes
Viewpoint Construction Technology
MAY 14, 2019
Having a progressive business model and embracing technology like intuitive, construction-specific HR software not only helps improve your existing workforce but helps attract more tech-savvy new employees. Valuing employees, making their work experiences easy and creating high morale on jobsites helps with that.
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Collaborating Across the Supply Chain in Finland to Deliver Agile and Reliable Outcomes
Autodesk Construction Cloud
MAY 24, 2022
” By developing an efficient, digital operating model using Autodesk Construction Cloud software, SARA rehauled their practices in favour of genuinely digital workflows. And when it comes to business forecasting, having a simple environment to estimate and amend bids/costs is critical given the current economic client.
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