Introducing Trimble Construction One. Welcome to a New Connected Construction Work Environment

The engineering and construction sector historically has largely adopted an ad hoc approach to project risk management, especially as it relates to project schedules and delivery timelines. As a result, risks are often identified too late in the game, leaving fewer options and less runway for remediation.

Last year, businesses across industries grappled with new challenges brought on by the COVID-19 pandemic. Seemingly overnight, construction companies were forced to adapt to an unpredictable reality, navigating state and local ordinances for stay-at-home orders and interpreting government classifications for what were considered essential businesses. These challenges pushed contractors to look for solutions outside of their normal toolbox, with many companies engaging in digital transformation.

The national construction industry lost 3,000 jobs on net in August, according to data released last week by the US Bureau of Labor Statistics. Overall, the industry has recovered 881,000 (79.2%) of the jobs lost during earlier stages of the pandemic.

National nonresidential construction spending expanded only 0.1% in July 2021. On a seasonally adjusted annualized basis, nonresidential spending totaled $786.7 billion for the month.

Prices for lumber and some steel products have tripled, while lead times have stretched to unprecedented lengths or have become completely unpredictable.

Large construction projects typically take 20% longer than scheduled to finish and come in at 80% over budget, according to a recent report from McKinsey. To stay on budget and on schedule, contractors track efficiencies down to the smallest detail. But work-in-progress (WIP) inventory tracking can be so complex and change so quickly that even the best project management efforts can’t always stop profit fade and budget overruns.

The national construction industry added 11,000 jobs on net in July, according to data released last week by the US Bureau of Labor Statistics. Overall, the industry has recovered 886,000 (79.6%) of the jobs lost during earlier stages of the pandemic.

National nonresidential construction spending declined 0.9% in June 2021. On a seasonally adjusted annualized basis, nonresidential spending totaled $779.9 billion for the month.

Remember not so long ago when a calculator, a camera, a map and a phone were each separate machines? Now all these different tools are in one place: your phone.