June 8, 2023
In 2023, construction businesses are likely to have several priorities to stay competitive and successful. Here are some key priorities for construction businesses in 2023:
Digital transformation:
Digital transformation will continue to be a top priority for many contractors in 2023. Embracing digital technologies and innovations to improve productivity, collaboration, and project management. This may include adopting Building Information Modelling (BIM) and utilising advanced project management software.
According to a report published in 2022 by the Royal Institute of Chartered Surveyors, ‘40% of construction companies worldwide are not using digital technologies.’ This results in a lot of missed opportunities, since digital tools can help improve efficiency, communication and performance while also help streamline processes, track performance, and overall save costs.
Sustainable practices and the environment:
More and more companies in the construction industry are prioritising sustainability and incorporating environmentally friendly practices throughout the construction lifecycle. This includes energy-efficient design, renewable energy integration, waste reduction, and the use of eco-friendly materials.
Reducing the carbon footprint of the construction industry – from energy efficient buildings to net zero job sites – is a top priority for 2023. A lot can be done in the construction industry from using electric vehicles and machinery, using reduced emissions materials, an using construction estimating software to help. The right software will help reduce waste and improve productivity.
Workforce development:
Addressing the skills gap and promoting workforce development initiatives to attract and retain skilled labour in the construction industry. This may involve investing in training programs, apprenticeships, and upskilling opportunities to ensure a competent and qualified workforce. This may also include using the latest technologies and software.
Health and safety:
Ensuring the highest standards of health and safety on construction sites. This includes implementing robust safety protocols, providing appropriate training, and fostering a culture of safety among workers and subcontractors.
Safety on construction sites is always a priority for companies. It is important to keep staff up-to-date with the latest guidelines. Investing in safety first and foremost is the right thing to do for the health and well-being of your employees, but also helps with fewer accident absence days.
Innovation and research:
Encouraging innovation and research and development (R&D) activities to drive industry advancements. This involves promoting collaboration between construction companies, academia, and technology providers to develop and adopt new construction methods, materials, and technologies.
Collaboration and supply chain management:
Emphasising effective collaboration and communication among all stakeholders in the construction supply chain. This includes fostering strong relationships with subcontractors, suppliers, and clients to enhance project delivery and minimize delays and disputes.
Offsite construction and modularisation:
Exploring offsite construction methods and modularization to improve construction efficiency, reduce waste, and accelerate project timelines. This may involve adopting prefabrication and modular construction techniques.
It is important to note that these priorities may evolve and vary based on factors such as market conditions, regulatory changes, and emerging trends.
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