“Today’s projects are ever more complex and larger in scale. Our analysis shows that large projects across asset classes typically take 20 percent longer to finish than scheduled and are up to 80 percent over budget. There are deep issues that can only be overcome with new ways of thinking and working.”
-Mukund Sridhar, partner, McKinsey & Company, 2016 Construction Technology Summit
Sridhar, as well as other industry analysts, cites studies reported by the Boston Consulting Group that show digital technologies have reduced cost and schedule overruns by 10 to 15 percent or more, as the level of project complexity rises. Where do these efficiency gains come from? Here’s a quick list of some of the most often identified technology-driven efficiencies.
Find our how you can make more money with Cat® Technology and Services from your Cat dealer.
Follow these three rules of thumb for optimizationLearn More
This calculator can help optimize the job site, reducing inefficiency and contributing to smoothness.Learn More
Getting more done at the lowest cost is the goal. Seems simple enough, but as we all know the challenges are many. The good news is that in the same way technology can bring new levels of efficiency to our work.Learn More
How you craft your bids has never been more important. You have to make sure that your bids are carefully created and include everything that could make the difference in winning the work.Learn More