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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 Value of a Single Platform VALUE OF HAVING ENTIRE TEAM ON A SINGLE SOFTWARE PLATFORM Throughout the study, owners and contractors alike identify the importance of having a single software platform for the entire project team as a means of improving the progress and payment process. To fully determine the degree to which they see value in having this capability, owners and contractors who said that they were neutral or unsatisfied with their current progress and payment process were asked directly how much value would be added by having the entire team on a single platform in order to provide a seamless connection of the data and workflow for the whole process. As the chart at right shows, the majority of both owners (70%) and contractors (79%) see at least a medium level of value in having this seamless connection. Degree of Value Offered by Having Entire Project Team on a Single Software Platform According to owners and contractors 34% 25% 20% 25% 35% 10% OWNERS CONTRACTORS Very High High Medium [I think [the top benefit of our (PMIS)] is it allows us to stay focused on the stuff that's important, versus trying to address issues, constantly tracking things down, not knowing where things are. One nice thing about [our PMIS] is that you can always see where things are in the process workflow. That builds in some transparency, and we've tried to take that into account on our side, to report on it regularly, to make sure that we're doing our jobs too, not just that the contractor's doing theirs. —Michael Rousch PROGRAM MANAGER, UNIVERSITY OF CALIFORNIA SAN DIEGO Very High High Medium 18 SmartMarket Brief: Connecting Owners and Contractors Premier Par tner: e-Builder © Dodge Data & Analytics w w w.construction.com

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