4. Implementation of new technology
Implementing new technology in the project or in the whole company is one of the core forces that would surly increase the productivity and raise the profit margins. New technologies like scheduling software and more efficient equipment can immediately show their ROI in productivity. Recent studies show that construction sector spends less for R&D than any other industry. Companies should more careful in implementing new technology because there have been a high number of attempts to introduce new technology and equipment overnight, that resulted in confused workers and decreasing productivity. That is why the training that companies provide in how to use the new technology not only to be focused on the part “how” rather than how the company and the workers would benefit from.
