The key business health findings suggest that heavy civil contractors are generally optimistic about business conditions, despite impacts of COVID-19, which contrasts with other Dodge research about commercial firms:
However, the research also uncovered two areas of concern for these contractors: changes in profit margin and the availability of skilled workers.
These findings show an industry adjusting well to the impacts of the global pandemic, yet cautious about their bottom line. The metrics will be tracked in future surveys and changes reported in upcoming issues of TCQ.
In addition, the technology study reveals widespread adoption of many advanced tools and digital processes in the heavy civil sector, including:
The top benefits that contractors expect from adopting new technologies onsite are increased productivity, better ability to manage the project budget and improved safety performance. When asked about their biggest barriers to using new technologies onsite, the highest percentage (56%) point to the cost of technology, and workforce challenges are also obstacles, with 47% concerned about workforce adoption of technology and 40% lacking the skilled resources to manage technology.
The study also showed that heavy civil contractors prioritize safety investments, with about two thirds reporting that they became more important over the last two years and will continue to be more important over the next two years. They also currently rely far more on processes and policies than on technology to keep workers safe, with over three quarters reporting that regular communication about safety (89%), safety policies based on industry best practices (77%) and an emphasis on safety culture (77%) were the means used to keep workers safe. In contrast, only 47% are actually tracking safety data across projects to determine company best practices, and even fewer are using new technologies like wearables (14%) or video tracking with AI analysis of worker behaviors and ergonomics (4%). Likewise, communication about major project activity is employed by 62% to keep the surrounding community safe, compared with just 19% who employ automated equipment for that purpose.
Dodge Data & Analytics will provide this report free to the industry on a quarterly basis. Future editions of The Civil Quarterly will track a variety of business health metrics and address a wide range of additional related topics to provide a comprehensive view of this complex and ever-changing segment of the construction economy.The report can be downloaded for free at www.infotechinc.com/thecivilquarterly.
About Infotech: Info Tech, Inc., DBA Infotech (Infotech) is a leading SaaS solutions provider for the infrastructure construction industry. Informed by DOT relationships and decades of experience, Infotech develops software solutions that bridge the gaps between owners, consultants, contractors, and other project stakeholders. Whether it be tools for construction administration and inspection or secure online bidding, all of Infotech’s solutions are built to increase transparency, productivity and the availability of data. Infotech is the developer of Appia®, Bid Express®, and Doc Express®, as well as the official contractor for AASHTOWare Project™. For more information, visit infotechinc.com.
About Leica Geosystems: With more than 200 years of history, Leica Geosystems, part of Hexagon, is the trusted supplier of premium sensors, software and services. Delivering value every day to professionals in surveying, construction, infrastructure, mining, mapping and other geospatial content-dependent industries, Leica Geosystems leads the industry with innovative solutions to empower our autonomous future. Hexagon is a global leader in sensors, software and autonomous solutions. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.9bn EUR. Learn more at hexagon.com and follow us @HexagonAB.
About Command Alkon: As the Leading Supplier Collaboration Platform for Heavy Work, Command Alkon solutions deliver supply chain integration and frictionless digital collaboration across the heavy construction ecosystem. CONNEX, a many-to-many technology platform purpose built for the industry, enables business partners to automate inter-enterprise operations, capture real-time visibility into heavy material orders and deliveries, leverage leading-edge software experiences to achieve mutually beneficial goals, and share knowledge to manage by exception and promote certainty of outcomes. Command Alkon is headquartered in Birmingham, Alabama, and has offices in locations around the globe. For more information, visit commandalkon.com.
Digital Construction Works: Founded in 2019, Digital Construction Works, Inc., (DCW) is a leading services organization providing digital automation, integration, digital twin services, and fit-for-purpose solutions to automate and optimize the construction process from planning through to operations. With an emphasis on heavy civil infrastructure, DCW is transforming the construction industry from its legacy document-centric paradigm and simplifying and enabling digital automated workflows and processes, technology integration, and digital twinning services for infrastructure. www.digitalconstructionworks.com
: Dodge Data & Analytics is North America’s leading provider of commercial construction project data, market forecasting & analytics services and workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities that help them grow their business. On a local, regional or national level, Dodge empowers its customers to better understand their markets, uncover key relationships, size growth opportunities, and pursue specific sales opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its more than 125-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. Learn more at www.somethingwhimsy.com.
Sign up for any of our e-newsletters and receive key insights and industry trends
Thank you for your submission. You are now subscribed.
Call Dodge today at: 1-877-784-9556
Fill out the form below to get the information on Dodge Construction Central
Thank you for your interest. We will reach out to you shortly.