AECCafe Industry Predictions for 2023 – Safe Site Check In

By David Ward, CEO, Safe Site Check In

David Ward

The combination of digital transformation, the Infrastructure Bill, and the potential of a recession will impact the industry in the following three ways next year:

1. Development projects will continue yet profitability will remain flat due to rising prices, labor shortages and supply chain challenges.
2. Infrastructures will continue to improve – this is long overdue – as a result of recent legislation. This will create more opportunities in AEC but only for general contractors (GCs) that can successfully navigate labor and pricing challenges. In turn, strategic GCs will invest in technologies including virtual design and construction, digital jobsite management tools and BIM to address these issues.
3. Despite 95% of construction workers reporting higher productivity by using digital technologies on jobsites, these tools will be under greater scrutiny next year. They’ll only be adopted if they deliver immediate payback or if they’re required by the project owner, local regulations or insurers. In fact, don’t be surprised to see insurers start requiring digital tools on jobsites in order to create more efficient records on workers and projects and align premiums based on the data.”

Category: Industry Predictions

This entry was posted on Saturday, January 14th, 2023 at 3:40 am. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.