Construction Reporter

  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Lna
  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Lna
Construction News

colorado construction companies embracing technology, says report

12/26/2019

0 Comments

 
Picture

A majority of Colorado construction companies say they are planning to implement more technological changes in their businesses in 2020, although they expect to spend less than 5 percent of their projected revenues on those changes.

In a construction outlook survey just published by the Washington-based Associated General Contractors, construction companies in the Centennial State said they were most likely to increase their use of file-sharing sites and voice-over Internet protocol.

The companies also indicated that they are most interested in using such services as project management software, estimating software, and scheduling software.

But those same companies also said that a further use of technology would not come without challenges, noting the work associated with implementing a new service and training staff to use it.

The same survey showed that contractors doing work in education, retail, and public building projects expressed the most confidence that their project load would increase next year, while companies specializing in power, office, and manufacturing projects expected the least growth.

A large 88 percent of the respondents said they’ve been having a hard time filling positions, a number higher than the 83 percent of companies nationally saying they’ve been challenged by “filling some or all positions.”

An equally large 81 percent of respondents nationally said they were worried about worker quality, with 45 percent indicating that they did not think the challenges of finding qualified workers will improve in 2020.

Noted the AGC in a press release: 75 percent of the firms surveyed expect to hire more workers in 2020. “However, just over half of the firms (52 percent) report their expansion plans will only increase the size of their firm by 10 percent or less.”

The AGC additionally noted that ongoing labor shortages are having an impact on “construction costs and project schedules,” with 42 percent of the responding companies reporting that ongoing staffing challenges have added to the cost of completing projects.

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox. Sign up for our newsletter

    Subscribe

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

Home
PLANS & PRICING
Free Trial
magazine​
become a member
reprographics (new)
magazine store
FAQs
CONTACT
​ABOUT

​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758



Timely, reliable news since 1949


Copyright © 2020 Construction Reporter
User Agreement   Privacy Policy   Archive Policy