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Connecting Owners and Contractors: How Technology Enables Connected Construction

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S M A R T M A R K E T BR IE F IMPROVING THE CONSTRUCTION PROGRESS AND PAYMENT PROCESS Frequency of Contractors Measuring Project Progress Manually According to owners and contractors Never Rarely (under 25% of projects) Sometimes (26% to 50% of projects) Frequently (51-75% of projects) Very Frequently (76-99% of projects) Always (100% of projects) 0% 16% 10% 23% 27% 14% 17% 23% 40% 17% 6% 7% Contractors Owners USE OF MANUAL METHODS BY CONTRACTORS TO MEASURE PROGRESS Contractors were asked how frequently they use manual means of measuring project progress, such as spreadsheets, databases or homegrown systems. Their responses reveal that nearly all contractors (93%) still rely on these manual methods to some degree, and that the majority (63%) do so on more than half of their projects. Owners were asked how frequently they believe contractors engage in these activities, and all of the owners believe that contractors are still relying to some degree on manual methods for measuring progress, with nearly three quarters (73%) believing that contractors do so on more than half of projects. RISKS RELATED TO MANUAL PROGRESS MEASUREMENT These manual methods can create challenges, such as slowing the process of measuring progress (and thus the ability for contractors to be paid), inconsistent reporting to an owner from different contractors and increased risk of inaccurate information. Challenges in the Process 12 SmartMarket Brief: Connecting Owners and Contractors Premier Par tner: e-Builder © Dodge Data & Analytics w w w.construction.com

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