Dodge report finds contractors still aren’t effectively digitizing. Contractors who are behind in implementing automated technologies aren’t just sacrificing efficiency; they’re putting profit margins and other key performance metrics at risk.
The recent “Optimizing Digital Project Management for General Contractors” report from Dodge Construction Network and Smartapp finds that:
- 86% of those with higher levels of digital engagement for processes experience notable value from their overall technology stack, far more than those with lower levels of digital engagement (58%).
- 76% report experiencing data integration challenges, with many reporting both construction process and project outcome impacts.
ABOUT THIS SMARTMARKET BRIEF
This SmartMarket Brief examines the current state of digital project delivery in the US construction industry through a survey of more than 200 general contractors, construction managers and design-builders. The findings quantify the use of technology for 11 project management and construction-related processes in two categories: Project Management-Related Processes and Construction-Related Processes. A few key findings about the getting the most value out of these processes include:
- Deeper engagement improves general contractors’ experience of value from technology.
- Effective data integration is both a top challenge and a great opportunity for increasing the value of technology.
The 2024 virtual Men’s Round Table will be held Q4, 2024, date TBD.
