With the continued growth and evolution of the construction industry, construction companies must stay on top of trends if they want to remain competitive. By harnessing the power of new technology, your company can reduce risk and cost – and enjoy steady success in 2020 and beyond.

Here are three construction industry trends to watch in 2020:

1. Increase in design-build popularity

According to a market study, the design-build method will grow 18% by 2021. Design-build allows designers and contractors to work as a team instead of under a single owner who manages several contracts at once. It’s a more efficient way to organize the building process that increases construction and delivery speeds. It’s becoming an industry standard to use design-build for commercial projects. The traditional method of having one owner manage all accounts is dying. In 2020, reevaluate your building method.

1. Artificial intelligence (AI)

AI reduces costs during construction. Building information modeling (BIM) is a 3D model process that allows builders and engineers to design and construct a building more efficiently. BIM improves accuracy and safety through the use of algorithms that ensure systems, such as electrical and plumbing, don’t clash. 

This is only one example of how AI is changing construction. A recent forecast shows that the construction industry will spend $4 billion on AI by 2026. 

1. Drones everywhere

You might already be using drones on your building sites. Compass Group uses drone footage to site plan its commercial projects in the Southeast. The cameras help document the building process and improve communication. Some companies also use drones during pre-construction. Drones can even use GPS to map out the global positioning of a building site.

A UK-based technology engineering company is developing heavy-lifting autonomous drones that can move equipment across harsh terrains. This is a tremendous innovation that will hopefully soon exist across all commercial and residential building companies.

So, what does this mean for the construction industry?

The industry needs to adapt quickly to technological advancements in order to keep its place as a leading driver for the global economy. To help offset the continued shortage of construction workers, construction companies must use technology to streamline their systems and speed up the building process. By staying on top of construction trends, you can increase profits and become an industry leader.

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Our mission at Compass Group is to establish trust and confidence as a preeminent provider of land development, design-build, and other construction services for the commercial, industrial, religious, and residential/multifamily markets. We achieve this with our commitment to delivering superior service and ensuring our clients receive a quality finished product. Contact us today if you’re interested in building something together.