A Brave New World: Who Will Survive and Who Will Thrive When Technology Reshapes the A/E/C Industry?...
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Transcript of A Brave New World: Who Will Survive and Who Will Thrive When Technology Reshapes the A/E/C Industry?...
![Page 1: A Brave New World: Who Will Survive and Who Will Thrive When Technology Reshapes the A/E/C Industry? Barry B. LePatner, Esq. LePatner & Associates LLP.](https://reader035.fdocuments.us/reader035/viewer/2022070414/5697c0271a28abf838cd676f/html5/thumbnails/1.jpg)
A Brave New World: Who Will Survive and Who Will Thrive When Technology Reshapes the A/E/C Industry?
Barry B. LePatner, Esq.LePatner & Associates LLP
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• Reducing Unwarranted Cost Overruns
• Increasing Labor Productivity
• Increasing Profitability While Reducing
Risk
By 2025Advanced Technologies Will Spur Advances Leading to:
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Why Must the Design and Construction World Adopt New Technologies?• 25 to 50% waste in coordinating labor on a project.
• Interoperability inefficiency costs owners between $15.6 and $36 billion per year.
• Rework by contractors, is estimated to add 2-20% of expenses to a contractor‘s bottom line.
• An estimated $4 billion to $12 billion per year is spent to resolve disputes and claims.
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1994 1996 1998 2000 2002 2004 2006 2008 2010 201255
60
65
70
75
80
85
90
95
100
105
Productivity in manufacturing has nearly doubled, whereas in construction it has remained flat.Overview of productivity improvement over time
Productivity (value added per worker), real, $ 2005
1.7x
$ thousand per worker
Source: Expert interviews; HIS Global Insight (Belgium, France, Germany, Italy, Spain, United Kingdom, United States); Input-Output Database
Construction
Non-Construction
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The Root of the Problem:
Incomplete and Uncoordinated
Design Documents
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Labor-cost savings from adoption of advanced industrial robots (%, 2025)
40
30
20
10
0
Sout
h Ko
rea
Cana
da
Taiw
an
Ger
man
y
Chin
a2
Glo
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otal
Pola
nd
Switz
erla
nd
Italy
Swed
en
Spai
n
Indi
a
Braz
il
Japa
n
Uni
ted
Stat
es
Uni
ted
King
dom
Aust
ralia
Czec
h Re
publ
ic
Thai
land
Fran
ce
Belg
ium
Russ
ia
Net
herla
nds
Aust
ria
Mex
ico
Indo
nesi
a
33
25 2422 22 21 21
2018 18 16
1413
9 9 9 8 8 8 7 7 7 63
0 0
Average global labor-cost savings ~ 16%
SOURCE: The Boston Consulting Group
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Greater Use of Prefabrication, Preassembly and Off-Site Fabrication
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1,000,000+
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3D Printing
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The Internet of Things
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Big Data Drives Wise Construction
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Disruptive Technologies
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