DECEMBER 2024CONSTRUCTIONTECHREVIEW.COM6Innovative technologies are reshaping the construction management industry, significantly enhancing project efficiency, accuracy and safety. As organizations embrace these advancements, they experience a transformation that leads to reduced costs and minimized risks, ultimately improving overall performance.According to reports, the global construction management market, valued at $9.67 billion in 2023, is expected to reach $20.67 billion by 2031, growing at a CAGR of 10.12 percent. Several key drivers are fueling this growth. The 3D laser scanner is an innovative technology that accurately scans and analyzes real-world objects for tasks like on-site surveying, mapping and project inspection. Its precision aids in construction planning, resulting in significant cost savings.Building information modeling (BIM) enhances the construction process through improved collaboration and resource management, addressing challenges like budget overruns and project delays. Advancements such as 5D BIM are touted for their ability to increase productivity and reduce project cycles.Self-healing concrete technology addresses structural deterioration and cracks by utilizing advanced technology to repair itself. As a promising innovation in the construction industry, it has the potential to enhance durability and reduce maintenance costs for buildings, roads and homes.This edition of Construction Tech Review presents the latest developments in the construction management industry. It brings insights from Keith Simpson, Principal at Bohler, who stresses the need for thorough site civil due diligence and clear communication to prevent construction delays. He recommends strategies like utility profiling, early geotechnical evaluation and on-site meetings to streamline the construction process.Sarah Johnson, Field Engineer Manager at McCarthy Building Companies, highlights the advantages of using an unmanned survey vessel for marine construction projects, emphasizing its ability to safely and efficiently scan underwater areas, identify obstructions and provide real-time data, significantly impacting project outcomes. We hope this edition, featuring Top Construction Management Solutions Providers in 2024, empowers your organization to leverage innovative solutions for greater efficiency and success.Let us know your thoughts!Michael Rosario Managing Editoreditor@constructiontechreview.comSHAPING THE FUTURE OF CONSTRUCTION MANAGEMENTCopyright © 2024 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorMichael Rosario*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersDECEMBER - 13 - 2024, Vol 07 Issue 12 (ISSN 2832-4072) Published by ValleyMedia, Inc.To subscribe to Construction Tech ReviewVisit www.constructiontechreview.com Email:sales@constructiontechreview.comeditor@constructiontechreview.commarketing@constructiontechreview.com Robert Gray SmithEdwin PaulClara Mathew
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