There are many issues in the industry, some of which are relatively recent, and others that date back decades. These construction problems are approached in a number of ways. The slow adoption of technology is sometimes treated as one big problem, but other times as many problems including scheduling problems, communication issues and documentation problems.
- Adoption of technology at a slow pace
The construction industry is notoriously slow to adopt new technologies, and the problem has existed for a long time.
This issue has a solution
Construction companies rarely use many technologies, such as:
- Internet of things
- Drone surveillance
- VR/AR
- Wearables
- More Robots
These technologies, ironically, are extremely beneficial for countering some of construction’s oldest problems. For a reliable Exeter Builders, visit www.silverferndevelopments.co.uk/exeter-builders
- Managing documentation
Construction is a field that involves lots of paperwork, including contracts, receipts and insurance certificates. The document management system becomes slower, and is more susceptible to errors due to the constant handling of all this documentation.
- Cash flow problems
The construction company must be able to have enough cash on hand in order to make regular payments for a variety of things. Lists include subcontractors’ payments, vendor, supplier, and employee.
- Problem of “pointing the finger”
Statistically, it is impossible that construction projects will always run smoothly. When a crisis occurs, finger-pointing is more than likely to begin. The contractor may point the finger at the subcontractor, etc.
- Irregular equipment maintenance/replacement
One thing that many companies tend to skip over is construction equipment costs, or maintenance/replacement costs, to be specific. This is one of the main reasons that projects go over budget, as replacing equipment in mid-construction will incur additional costs. As construction equipment is expensive, these expenses can easily result in less revenue for a project.
