Contractors know they need to be on top of technology trends to stay competitive in the industry. Leveraging the latest tech is a necessity for increasing efficiency, streamlining workflows, driving growth, and mitigating risks. Yes, you should digitize, but in today’s tech landscape, it’s important to do so strategically. What the savviest in the industry are coming to understand is that, instead of just choosing a few tech platforms at random, you need to integrate your digital systems to be efficient and successful.

Your business goal should be to leverage integration across phases of construction to enable a new way of operating. A robust API allows you to provide services to stakeholders without locking them into a specific network. STACK guides you through predictions for the rest of 2022, the latest trends in connectivity and integration, and cloud-based enterprise-level system solutions. 

STACK’s CEO and Co-Founder, Phil Ogilby, is an industry leader in construction technology and contracting, with roots as a roofing contractor. His predictions for the rest of 2022 entail some highs and lows, but the focus for contractors will be bidding the right projects to maintain success and efficiency. 

Expect bid volume to remain high for another year or so. We are on the doorstep of a slowdown in construction, driven by economic uncertainty paired with a steady, planned increase in interest rates. Commercial construction will start to slow as higher interest rates take hold and continue to rise nationally. This will take 12-18 months to find its way into the construction market due to the “long tail” of construction projects. “Long tail” refers to the amount of time it takes from the time a project is conceived, financed, and designed to when it’s built and completed.

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