The water crisis on the West Coast of America has had some investors in Silicon Valley saying, "water is the next oil." Traditionally, water and waste water companies have only received a few hundred million dollars of investment annually, about 1% of angel and venture capital. However, as the water crisis continues to be an ever more serious problem that is on the forefront of peoples minds, investors have started to pay attention to the water companies. As investors look into this large market, they are seeing that many water startup are out performing many tech startups.
Most of us have seen the statistics on how old and outdated much of Americas infrastructure is and this is an issue that those areas under this water crisis cannot afford. The industry is looking for new and creative solutions to solve many of the inefficiencies and outdated systems that have been in place for decades.
What does this mean for the construction industry? Well, a lot of startups and a lot of investors have a high chance of reaching profitability (according to Lux Research, which shows water startups exceed profitability averages), which means that these companies will be looking to build and expand as soon as they get the chance. The lack of water is a crisis, but this crisis is also a catalyst to improve our nation's infrastructure. And to improve means to build.
Turning Water Problems into Business Opportunities | TechCrunch
Jobsite pressures, such as time crunches and monetary issues can quickly tempt otherwise good people into making some pretty poor decisions. There are also others who use their construction business as a front for other illegal activities. Many people were arrested for a variety of reasons in 2016 and the list below should serve as both a reminder and a warning for those considering making bad decisions.
Every day, construction workers from around the world are doing amazing things on their specific job sites. In our minds, the coolest projects are any project that a construction worker is proud to have built, one made with care and quality. There are other factors that we consider to be cool, as well, including those that break down barriers and allow other companies to realize something they previously thought may not have been possible are actually possible. Many of the projects we chose for this year’s list highlight workers acting as pioneers for a specific type of construction and allowing the construction industry to grow by trying new things.
Many construction projects involve clearing heavily wooded and untouched areas, which can cause many complications, including interaction with unknown wildlife. It’s important for all companies to understand the impact their construction work can have on wildlife, not only to avoid costly issues with government regulations, but also be good stewards of the environment. Below are 12 stories from 2016 where construction projects interacted with wildlife and how each situation was handled.
One thing almost everyone agrees on: America’s infrastructure needs fixing.
Another thing most people agree on: No one enjoys the traffic congestion that results from bridge, road, and utility construction work.
Trenches are a construction jobsite hazard that happen on nearly every construction site involving dirt work, but, all too often their dangers are underestimated. In fact, trench related deaths in 2016 have more than doubled as compared to 2015. There’s no excuse for allowing a trench related death to happen, but it’s rare that job site supervision suffers criminal charges after one occurs. After the death of a 22 year old New York construction worker, the Manhattan District Attorney’s office took a hard stance against those responsible and announced formally sentenced the on-site foreman last week.
Construction document control is the hot item right now with regards to industry technology. With several leading tech companies working tirelessly to convert all contractors from hard copy drawings to digital, the race is on to see who will emerge victorious. Not only are technology companies seeing opportunity in plan management, their also seeing opportunity with the new Windows platform. The Surface Pro tablets and Surface Book laptops have given Apple products a run for their money recently for jobsite use, after jumping 20% in use in 2016 compared to the previous year, according to a new construction technology survey.
As far as technology goes, the construction industry is behind. We’ve done our best throughout the past couple of decades to resist all incoming technological advancements, because who needs some fancy, new-fangled computer machine when you’ve got hands made of steel and a work ethic that could shame an Alaskan sled dog? Well, these times, they are a changin’, and construction companies throughout the world are starting to realize the benefits of using better technology in both the office and in the field.
JBKnowledge, a construction technology company responsible for software such as SmartBid, SmartReality, and SmartCompliance, has recently released their 5th Annual Construction Technology Report, after successfully receiving over 2,600 participant entries.
A large focus of the construction industry, especially in recent years, is jobsite safety. Many large companies have significant resources set aside specifically for safety, but, unfortunately, that may be impossible for many small and medium sized construction companies to handle. As of the first quarter of 2016, the Bureau of Labor Statistics (BLS) reports that there are over 768,000 construction companies currently operating in the private industry and over 6.7 million construction workers between them. That’s a lot of companies and workers to keep safe throughout the year.
It’s been a tumultuous year between several governmental agencies and businesses alike and, because of that, both sides have been repeatedly put into a state of limbo. Three new major rule changes have made headlines, especially in the construction industry, this year, including an injury and illness record keeping and reporting rule, a “blacklisting” rule, and an overtime pay rule.
Modular construction has been heralded by many as the next big thing in building structures quickly and cost effectively. By being able to construct parts of the building in a controlled environment, like a factory, workers can perform more efficiently, comfortably, and safely, ideally translating into shorter schedules and smaller costs. That theory got one of its biggest tests on a new 32-story residential building that recently opened in Brooklyn, NY.