Decoding digital transformation in construction

McKinsey

Few engineering and construction companies have captured the full benefit of digital. Five practices can help E&C companies move beyond isolated pilots and unlock digital’s value across their enterprises. Insights on Capital Projects & Infrastructure

How construction can emerge stronger after coronavirus

McKinsey

Engineering, construction, and building materials have a vital role to play in a post-pandemic recovery of our communities and economies. Seven actions can help companies prepare for the next normal. Insights on Capital Projects & Infrastructure

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Modular construction: From projects to products

McKinsey

Shifting construction away from traditional sites and into factories could dramatically change the way we build. Will modular construction make a sustainable impact this time around? Insights on Capital Projects & Infrastructure

Improving construction productivity

McKinsey

McKinsey research finds seven levers can fix construction’s productivity problem, but they require a new approach from all players. We heard from industry leaders about which barriers to change are most likely to fall first. Our Insights

Rise of the platform era: The next chapter in construction technology

McKinsey

The construction technology ecosystem is shifting toward integrated software platforms that better serve customer needs. Significant opportunities exist for strategic and financial investors. Insights on Private Equity & Principal Investors

The next normal in construction material distribution

McKinsey

How disruption is reshaping distribution and logistics in the world’s largest ecosystem. Insights on Capital Projects & Infrastructure

Modular construction: Priorities for real-estate developers

McKinsey

Real-estate developers are in prime position to lead the shift to modular construction. Crafting their product strategies and supplier partnerships are good places to start. Insights on Capital Projects & Infrastructure

Artificial intelligence: Construction technology’s next frontier

McKinsey

Engineering and construction is behind the curve in implementing artificial intelligence solutions. Based on extensive research, we survey applications and algorithms to help bridge the technology gap. Insights on Capital Projects & Infrastructure

Governments can lead construction into the digital era

McKinsey

New technologies can advance project outcomes in the construction industry. Governments are well-poised to cultivate greater adoption. Insights on Capital Projects & Infrastructure

Protected: How to Construct a Perfect Proposal

David A Fields

There is no excerpt because this is a protected post. Agreements Closing Consultants Fees Proposals Templates agreements closing Consultative selling Context Discussion Context Document fees proposals writing

Construction: The next great tech transformation

McKinsey

Mired by underdigitization and fragmentation, construction must find a new way to build. Our Insights

Construction and building technology: Poised for a breakthrough?

McKinsey

New research sheds light on the strategies that distinguish top-performing construction and building technology companies from the pack. Advanced Electronics Insights

Constructive dissatisfaction

Seth Godin Blog

It's never been easier to find ways to be disappointed in our performance. You can compare your output, your income, your success rate to a billion people around the globe. many of whom are happy to exaggerate to make you even more disappointed. It's hardly worth your trouble. The exception is the dissatisfaction that is based on a legitimate comparison, one that gives you insight on how to improve and motivates you to get better.

Accelerating late-stage construction: Mastering the sprint finish

McKinsey

Major projects in late stages of construction face unique challenges that can drive substantial delays and cost blowouts. But it doesn’t have to be this way. Insights on Capital Projects & Infrastructure

Fine-tuning the growth engine: M&A in engineering and construction

McKinsey

The engineering-and-construction sector is seeing a merger wave. To avoid a wipeout, focus on culture, capabilities, and value capture. Insights on Capital Projects & Infrastructure

Useful constructs

Seth Godin Blog

The periodic table is a useful construct. Useful constructs are replicable and they’re predictive. On the other hand, race is not a useful construct. Engineers build their work around useful constructs. And often, people who are in politics waste their time arguing about constructs that aren’t useful at all. We find knowledge (and express it) by dividing the world into grids and segments, and explaining how this organization works.

Seizing opportunity in today’s construction technology ecosystem

McKinsey

A new analysis of the construction technology ecosystem finds emerging trends, constellations of solutions, and an ever-increasing universe of technology use cases that are disrupting the way we plan, design, and execute projects. Insights on Capital Projects & Infrastructure

Breaking the mold: The construction players of the future

McKinsey

The engineering and construction industry, long berated for lagging behind in terms of digitalization, is picking up steam. New business models are changing the game. Insights on Capital Projects & Infrastructure

The next normal in construction: How disruption is reshaping the world?s largest ecosystem

McKinsey

We expect nine shifts to radically change the construction value chain, and offer a blueprint for the next normal ahead. The COVID-19 crisis looks set to accelerate an overdue transformation of the world’s largest ecosystem. Insights on Capital Projects & Infrastructure

Construction Spending Unexpectedly Declines

MishTalk

Economists missed the construction spending mark by a mile this month. Instead, construction spending fell by 0.6%. The Econoday consensus was for spending to rise by 0.6%. Econoday finds strength in the numbers, I don’t. more…). Economics

The new age of engineering and construction technology

McKinsey

New technologies are transforming all stages of the engineering and construction process. Here’s what companies need to know about the evolving landscape. Our Insights

How Technology Is Revolutionizing Construction

BCG

Unlike other industries, engineering and construction (E&C) has been slow to adopt new technologies and has never undergone a major transformation. Profound changes are already taking place—though not yet on a sufficiently wide scale—in many aspects of the construction industry. Article Wednesday, June 22, 2016. As a result, productivity has stagnated over the last 40 years or, in some cases, even declined.

Reinventing construction through a productivity revolution

McKinsey

To transform the sector, action is needed in seven areas or through broader adoption of mass-production approaches. Our Insights

How analytics can drive smarter engineering and construction decisions

McKinsey

Three applications illustrate how companies are beginning to embrace data-driven solutions while establishing a foundation for future initiatives. Insights on Capital Projects & Infrastructure

Shaping the Future of Construction

BCG

Article Wednesday, May 04, 2016 The engineering and construction (E&C) industry has been a relatively conservative one, slow to adopt innovative materials, technologies, and processes—so much so that labor productivity in the US has actually fallen during the last 40 years.

Building across borders: The state of internationalization in European public construction tenders

McKinsey

Based on an analysis of more than 150,000 public construction contracts across 15 countries, we explore strategies for moving toward a more international construction-tender market. Insights on Capital Projects & Infrastructure

Pivoting to modular construction: An interview with Mark Skender

McKinsey

Achieving a fully integrated modular construction offering relies on pragmatic leadership and a people-first culture. Insights on Capital Projects & Infrastructure

Imagining construction’s digital future

McKinsey

The industry needs to change; here’s how to manage it. Our Insights

Construction Spending Revision Fiasco

MishTalk

Construction spending rose 0.3%, less than the Bloomberg Econoday consensus estimate of 0.5%. However, Last month was revised up from … Continue reading → Economics

Beating the low-productivity trap: How to transform construction operations

McKinsey

Engineering and construction companies suffer from low margins and relatively low productivity. They can do better. Our Insights

Construction Spending Falls Sharply, March Revised Higher: Construction Spending Mysteries

MishTalk

The construction spending reports by the Census Department remain a complete joke. Once again, heavy revisions are in play. more…). Economics

158: Peggy Smedley—What Lies Ahead For The Construction Industry?

On the Brink Podcast

This spring, I was a guest on Peggy Smedley’s ConstructechTV , a highly influential TV show about technology, blockchain and the construction industry. It was such an enjoyable interview that I asked Peggy to share her ideas about technology and construction with our On The Brink listeners. Hear how blockchain, IoT and big data are transforming our world !

Toward a customer-centric construction-equipment industry

McKinsey

In a time of considerable change, European OEMs see value-creating opportunities in demand from outside markets and in aftermarket services. Our Insights

Construction Spending Jumps (From Huge Revisions)

MishTalk

The construction spending report from the Census Bureau is the biggest crapshoot in the entire lost of government reports. Today Econoday notes construction spending is up 0.5%, the first increase in three months, but that follows huge revisions. Historically, the Census Department makes huge revisions date back as far as 10 years. more…). Economics

Construction Spending Unexpectedly Declines One Percent

MishTalk

Construction spending took an unexpected dive of 1% today vs. an Econoday expectation of +0.5%. more…). Economics

Out with the old: Why embracing new ideas can transform construction’s poor delivery habits

McKinsey

Construction lags behind other industries in its ability to manage complex projects, but two new approaches will help close the gap. Our Insights

Investigating Weather-Related Effects on Construction Spending

MishTalk

Reported construction spending for March (yes we are still looking at first quarter data), was -0.2%. However, the Census Department revised February construction spending from 0.8% These construction reports are so volatile and so frequently revised they are nearly worthless except for entertainment purposes. to 1.8%. Nonetheless, let’s have a closer look, including a detailed look weather-related effects. more…). Economics

Total Construction Spending Weaker Than Expected; Residential Construction Spending in Contraction

MishTalk

Construction spending for December was weaker than expected. Highlights Construction outlays rebounded 0.4 Private nonresidential construction spending eased 0.2 Recent History Of This Indicator Construction spending slipped 0.3 Private nonresidential construction spending dipped 0.3 Total Construction Spending Percent Change From Year Ago click on any chart for sharper image This is another trend that looks ominous.

Dodge Construction Index Shows Weakening Trend in Mature Market

MishTalk

Construction starts rose four percent in June according to the Dodge Index of New Construction. For the second quarter, construction starts are down substantially. The overall trend is also down, indicative of a mature market. more…). Economics

Construction Spending Unexpectedly Dives 0.7%, Last Month Revised Lower

MishTalk

Construction spending in August took a dump of 0.7% Moreover the Census bureau revised July construction spending from +0.0% against an Econoday Consensus estimate of +0.3%. to -0.3%. more…). Economics