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ConTech Blog - Main
March 2, 2024

ConTech: Latest Trends and Innovations – No. 47

A look at the world of Construction Technology – by Arnie Gess, publisher of Construction Links Network.

Calling All Construction Tech Enthusiasts! Do you have the latest scoop in construction technology? Submit your news releases to us! Don’t miss the Tuesday deadline each week.

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Welcome to the Construction Links Network’s weekly construction technology blog, your essential guide to the rapidly evolving world of construction tech! Every week, we delve into how technology is reshaping every facet of the construction industry, from innovative design and meticulous planning to efficient project management and on-site execution. This blog series is dedicated to bringing construction professionals the most current updates on emerging tools, techniques, and trends. From exploring the latest in software solutions to groundbreaking building materials and pioneering research, our blog is a comprehensive resource for anyone keen on the technological advancements driving the future of construction. Stay informed and ahead of the curve with our in-depth coverage of all things construction technology.

From our members

Sticky Floors to Open Doors: Lessons in Retaining Women in Construction

Procore Webinar - Women Construction

The percentage of women working in construction is at an all-time high, but their representation has remained low and stagnant for decades. Hear our expert panel address practical solutions to this issue in our Foundations For Progress webinar. We’ll discuss the latest research and strategies for retaining women in construction throughout key phases of their career. Learn more and register.

The Secret Sauce for Effective Coordination on Large Projects

Secret sauce - large projects - Revizto

Large construction projects require dependable software for effective coordination. In this case study, Mariya Sorensen shares why her team made the decision to switch to Revizto halfway through a Medical Center project’s coordination process, and how they were able to accomplish this. She also explains how Revizto’s Clash Automation has helped Mortenson streamline the coordination process and accelerate issue management. Learn more and download.

How a Construction Management Solution Can Add Value to Your Business

Construction Management Solution - Jonas

A significant 56 per cent of construction businesses now rely on specialized construction management software (CMS) to streamline their workflows, enhance efficiency and boost productivity. CMS encompasses a range of modern tools and solutions to seamlessly integrate different operational aspects, including project scheduling, job costing, service management, document management, reporting and more, all within a single platform. In this blog, we will explore the value construction management software can add to your business and how you can leverage it.

New Research on Intelligent Building Technology Adoption

ASHB - Intelligent Building Technology

High initial cost is the top barrier to adopting smart technology for 63% of North American property owners and operators, says new research. This is almost double the second-ranked deterrent of ongoing operational costs (33%). Climate/HVAC control is the most adopted application, with energy efficiency and sustainability driving adoption. These are just some of the insights uncovered by a comprehensive research project carried out by Harbor Research and funded by members of the Association for Smart Homes & Buildings (ASHB). Titled “Intelligent Building Technology & Market Trends,” the landmark research project surveyed 330 commercial building owners and operators in the US and Canada. 

AI’s Current And Future Impacts On Construction

Over a year since ChatGPT’s launch, AI’s influence spans various sectors, including construction, traditionally slow in adopting technology. Contractors are leveraging AI to streamline workflows from design to maintenance, addressing labor shortages by automating tasks, and enhancing project sustainability and supply chain management. With technology becoming more accessible to smaller companies, AI’s role in construction is growing, promising efficiency, better decision-making, and environmental benefits through smarter design and supply chain optimization. Read the article.

Why VCs Are Betting Robots Will Help Build Your Next Home

Investors are increasingly funding startups at the crossroads of construction and robotics, aiming to alleviate labor shortages and reduce building costs through automation. Dutch startup Monumental recently raised $25 million to develop robots for tasks like bricklaying. This trend is fueled by advancements in technology that lower costs and increase the feasibility of automating construction tasks. Startups offer services such as robotic bricklaying without selling the robots, allowing for rapid scalability if they remain competitive in price and quality against traditional methods. Read the article.

DOZR Appoints Kathryn Kennedy as Chief Growth Officer

DOZR, a premier online marketplace for renting heavy equipment, is thrilled to announce Kathryn Kennedy as its new Chief Growth Officer. With an impressive background from companies like Wayfair, Zulily, Amazon, and Expedia, Kathryn is set to drive DOZR’s growth and market expansion. Her expertise in customer growth and acquisition will be key to enhancing DOZR’s presence and performance in the competitive equipment rental industry.

Zacua Ventures: Boosting Construction Tech with $56M Fund

Zacua Ventures, a new venture capital firm backed by heavyweight construction companies, aims to revolutionize the sector’s technology adoption with a $56 million fund targeting early-stage construction tech startups. Founded by industry veterans and supported by major corporations like Procore, Volvo, and Cemex, Zacua focuses on startups that improve productivity, sustainability, and urbanization in construction. The firm, which has already invested in several startups including Construex and Flexnode, seeks solutions that address the fragmented adoption of technology in the construction industry.

Eagle Point Software Expands Reach in Australia with Cadgroup Partnership

Eagle Point Software partners with Cadgroup, Australia’s first Autodesk reseller to reach Platinum Tier, aiming to broaden its Australian presence and enhance industry support with the Pinnacle Series learning system. This collaboration focuses on elevating productivity and professional development across various sectors, leveraging Cadgroup’s expertise in 2D and 3D solutions and BIM.

Constellation HomeBuilder Systems Adds Resale Insights to BuilderMetrix™

Constellation HomeBuilder Systems enhances its BuilderMetrix™ platform with home resale insights, integrating real estate listing data with analytics for a comprehensive decision-making tool. This unique offering allows builders to access precise, nearly real-time financial and operational data, covering over 80% of North America’s market. BuilderMetrix™ stands as a critical resource for accurate cost benchmarking and insightful regional market trends, offering unmatched accuracy and timeliness in the homebuilding industry.

This YC alum just raised $31M to build the ‘TurboTax for construction permitting’

PermitFlow, a Y Combinator-backed startup, is revolutionizing the construction industry with its comprehensive workflow and automation software designed to streamline the permitting process. Dubbed as the “TurboTax for construction permitting,” the platform covers all aspects from application to issuance, aiming to enhance efficiency and predictability for general contractors. With a recent $31 million Series A funding led by Kleiner Perkins, following a $5.5 million seed round, PermitFlow demonstrates significant growth, boasting a 20x increase in ARR in 2023. Serving clients across the U.S., particularly in California, Florida, and Texas, the company seeks to make housing more affordable by reducing permit acquisition times.

Construction Robotics Startup Monumental Raises $25M

Monumental, a robotics startup addressing labor, cost, and sustainability challenges in construction, has raised $25 million in a round led by Plural and Hummingbird, with support from several other investors. Founded by Salar al Khafaji and Sebastiaan Visser, the company develops autonomous robots that assist in bricklaying, offering a solution to the labor shortage in Europe. These robots, known for their precision and ability to work in tight spaces, are part of Monumental’s strategy to enhance construction productivity and sustainability. The funding will enable Monumental to expand its team, increase robot deployment across Europe, and broaden its construction capabilities, marking a significant advancement towards sustainable, efficient construction practices.

The 2024 AEC Data Insights Report by Egnyte highlights a major shift in the Architecture, Engineering, and Construction sector towards cloud-based storage and collaboration, driven by a 50.3% growth in data storage requirements and a significant increase in collaborative activities, especially in construction. This transition, accelerated by the pandemic, addresses the need for real-time collaboration, stringent security standards, and the integration of advanced technologies. The report, analyzing data from over 4,000 companies, underscores the critical role of secure, efficient cloud solutions in meeting the evolving demands of the AEC industry.

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