Zuuse in Melbourne, Victoria, Australia | Business service

Zuuse

Locality: Melbourne, Victoria, Australia

Phone: +61 7 3071 7465

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25.01.2022 For anyone operating in the construction industry in these unprecedented times, the one thing were all searching for is certainty Heres the 6 ways that Construction Dive believe that Coronavirus will impact construction https://bit.ly/2J3hSXC

24.01.2022 Construction is a low-margin industry, typically due to the complex nature of the business. But in this complexity, theres opportunity. Just take the simple payment application, valuation, certification and payment process, for example.... In this one process, there are significant cost savings up to 700 per application for payment in processing time and overheads. Find out more on this article by Building. https://bit.ly/2Oi1Psi

23.01.2022 The balance of power is shifting on payment terms and theres no better sign than whats happening with the Prompt Payment Code. Having been launched in 2008, with the subsequent Construction Fair Payment Charter appearing in 2014 - both the charter and the code had come under scrutiny for having little consequence for those in breach of the core commitment: To pay 95% of invoices within 60 days. However, this year we have seen a real statement of intent from the Prompt Pa...yment Code with some high-profile contractors like Kier and Galliford Try removed from the code. Being a signatory of the Prompt Payment Code should be seen as a badge of honour for contractors that pay fairly, making them more attractive to their suppliers. Finally, It seems to be working. Negative PR is not what main contractors need at a time when a strong supply chain is so critical. Galliford Try and Kier scrambled to get their payment terms in order and were both recently re-appointed to the code, recognising the importance of a strong supply chain. Maybe now is the time to think about differentiating your business by taking a lead on supply chain payment? http://bit.ly/2lqn4Nb

23.01.2022 Rio Tinto slashes supplier payment terms days after scrapping dynamic discounting. This really is a tale of two sides. After announcing an initiative to allow suppliers to be paid in as little as a week in February last year, Rio Tinto have now scrapped this program after a deluge of media scrutiny. Rio Tinto have now followed Telstra in reducing payment terms to 20 days for 90% of its suppliers, citing the importance of cashflow to small businesses to their supply chain. ... This is a dramatic U-Turn and well be interested to see what other large businesses take the same approach. What do you think? http://bit.ly/2w1Js4B

23.01.2022 Rio Tintos culling of their early payment program (AKA Dynamic Discounting) poses some really interesting questions for the construction industry. The media are well-used to lambasting early payment schemes, seeing them as a way to cover up an increase in payment terms and a way to squeeze cash from the supply chain. However, theres a flipside. ... In a recent article covering Rio Tintos scrapping of Dynamic Discounting, Argonaut Engineering and Construction managing director Ryan Simmonds stated that Dynamic Discounting offered them improved cashflow and allowed them to double their workforce in less than a year. Since Rio Tinto introduced Dynamic Discounting, weve doubled our crew, weve increased our capabilities and brought on new plant and equipment. Mr Simmonds said he would be happy pay more under the dynamic discounting scheme if it meant better cash flow. You dont even notice it, discounting invoices by 1.5% is absolutely nothing and you probably lose more than that by having such a burnt-out relationship with your suppliers because youre always paying late, he said. This is perfectly in-line with what we know. Theres huge value in market-leading payment practices. In fact, from a 2015 survey, we learned that suppliers would discount by up to 2.4%.

22.01.2022 Continuing on the theme of 2020 forecasts and following on from the UK Prime Ministers quote that the UKs majority government will implement the biggest infrastructure revolution in living memory - this year will be a critical year of growth in the construction industry. Technology is needed to harness this growth and well see an increased focus on the practical use of the internet of things (IoT), artificial intelligence (AI), machine learning (ML) and both virtual rea...lity and augmented reality (VR/AR). But also, this year we will see an increase in digitization of business systems. As government regulations attempt to tackle slow supplier payments, digital transformation of back end systems such as payment processes will grow in importance. Automating the payment process will achieve greater efficiency, transparency and foster greater collaboration - all critical keys to unlocking 2020s growth potential.

22.01.2022 Former Kier director Jonathan Payne is joining Torsion Group as the Yorkshire based construction and property business is set to surpass 150m turnover this year. Torsion Group have been growing rapidly and in the past few months have secured over 110m of contract awards commencing on site this year. Torsion are also one of the forward-looking and fast-growing construction business that look to new technology to drive efficiency in their processes. ... Jon Carter, Group Commercial Director at Torsion states: As we grow with more staff coming in, a more consistent way of operating is required. We were in the traditional exercise of email, even hard copies of payment applications coming through the post, then manually inputting into domestic spreadsheets. Torsion have experienced a significant increase in efficiency across key areas of the business after implementing Payapps. Carter continued; Our commercial managers have more confidence now that they have visibility of checks and balances. Personally, I like to make sure that things are compliant and consistent, and that we have addressed everything we need to. You can read more about Torsions story here: http://bit.ly/2lqn4Nb

21.01.2022 Constructiondive.com recently re-ran an article from October, which we thought was too pertinent not to share. The article was on How to recession-proof your business and gives 5-key ways that contractors can best prepare to face an impending recession. Cash flow management... Being on top of General and administrative expenses Monitor financial health and keep tabs on project changes Staying in your lane Review legal aspects of the work Joshua Atlas, partner at Saul Ewing Arnstein & Lehr in Ft. Lauderdale, Florida states; This period of time leading up to what might or might not end up being a recession gives contractors a chance to reevaluate their business platforms, get lean and focus on their strengths whatever made them successful in the first place. Contractors that go into a downturn strong, he said, also have a better chance of surviving it. You can read the full article here - https://bit.ly/3dxgn1T

20.01.2022 Research by Construction News found that while the top 10 contractors had a combined turnover of 32bn in their most recently published figures, they collectively made a pre-tax loss of 52.9m an average pre-tax profit margin of -0.5% Lower profit margins mean less money for investment in digital innovation, which in turn harms productivity. But, if construction businesses looked at their internal, back-office processes, theyd quickly realize a large opportunity to drive e...fficiency in their payment processes. http://bit.ly/2P9n4xk

20.01.2022 We talk a lot about the digital transformation of the construction space and how forward-thinking contractors have an opportunity to leave the chasing pack behind. One such example is Malcolm Clarke, Managing Director of Baxall Construction. They are putting digital at the heart of their strategy to double in size over the next five years. Mr. Clarke stated on a recent report by Deltek that; "We need to bring our staff and supply chain along the journey of digital transfor...mation, improving their understanding of the digital world and linking it to increased efficiency" Its clear that Baxall Construction understands the economics of the industry -that its not about legislative action and squeezing suppliers. By treating their supply chain as key business partners, they yield enviable profit margins of 4%, which are 3 to 4 times the industry average. In fact, this is perfectly in line with the research that we conducted at Payapps, whereby we understood that subcontractors load their bids by 4% to cover the risk of slow or non-payment. Good partnerships and prompt payment practices are proven to lead to increased profit margins. Whilst tools like Payapps are transformative for a business, they are simple to implement and quick to realize results.

19.01.2022 Another week, another payment dispute-related business failure. This time, refurbishment and fit-out contractor S&T UK has fallen into administration as a result of a protracted legal dispute over a payment application. Its little wonder the construction industry has the lowest industry productivity ratings when so much valuable time is wasted on disputes. Tools like Payapps exist to reduce this waste by digitizing payment processes, ultimately unshackling construction bus...inesses enabling them to focus on value-adding activities by simplifying business administration. Find out how here - http://bit.ly/2OxWVbh

19.01.2022 We often talk about digital construction and how our technology can help construction firms achieve efficiencies and drive growth, but one equally important but far less obvious area where digital has a significant benefit is the opportunity to put a dent in the skills crisis. Speaking to Deltek, Baxall Construction managing director Malcolm Clarke states; Increasingly we will be able to convince youngsters that construction is not all about mud. Ive got guys going through... degrees who get digital tools very quickly. We need to show them that we need their talent and they can be part of the transformation of the industry." For the Federation of Master Builders (FMB), the issue is clear to see: Weve been experiencing a severe shortage of bricklayers and carpenters for quite some time skills shortages are now seeping into other key trades such as roofers and plumbers. Indeed, of the 15 key trades we monitor, 40% show skills shortages Were in an age where weve always done it this way no longer stacks up and the last thing a modern Quantity Surveyor needs is to be spending a significant portion of their day shuffling paper, sorting emails and entering data into spreadsheets, when tools like Payapps exist to automate the entire process. http://bit.ly/2OxWVbh

19.01.2022 The Federation of Master Builders (FMB) is calling on the Government to combat the rise in SME redundancies and project cancellations with a 3-month tax holiday on VAT, PAYE and CIS payments, and to extend the 25,000 grant to construction firms. https://bit.ly/2Qwq5aS

17.01.2022 Could you reduce your asset repair costs by up to 50%? In this post, we compare reactive, preventative, and predictive maintenance strategies, and look at how a balanced strategy could drive down costs, avoid downtime to improve efficiency, & keep your operations running smoothly and affordably. https://bit.ly/2xJVTCK

16.01.2022 Its nearly two years since Carillions insolvency rocked the construction world. With a turnover of 1.2b, many thought that they were too big to fail. But multiple public enquiries later, are we really any wiser? Well, on the face it, having seen another 1.2b of businesses file for insolvency in the last 12 months, it would suggest not. ... In our blog, we lift the lid on three learnings that all construction businesses should heed in the wake of these failures, so that we learn from past mistakes and stop doing the same things and wondering why we keep getting the same results. Thats how Albert Einstein would define insanity anyway... http://bit.ly/2wwvAPL

13.01.2022 Following on from mining giant Rio Tinto scrapping of their early payment schedule, UK construction businesses are following suit, with Kier the latest company to row back on their program. Many early payment programs were misunderstood and as a result, were lambasted in the press and by construction industry observers, citing that suppliers should not need to pay to be paid. In line with the approach Rio Tinto has taken, Kier is focussed on reducing payment processing tim...es in a bid to shun the negative PR surrounding early payment schemes. As a result, Kier Construction has reduced the time it takes to pay its invoices from 52 days in December 2018 to 38 days in December 2019. Over the same period, the proportion of invoices not paid to terms decreased from more than half to just under a third. National Federation of Builders chief executive Richard Beresford said the improvement was welcome, but questioned what impact the early payment scheme was having. He said: It would be interesting to see the statistics on average pay times if the pay to get paid scheme, which allows payment in as little as 21 days, was not in place. Source: http://bit.ly/2ICPeg2 Whats your view on early payment programs? #Payment

12.01.2022 Since seeing the first signs of the Prompt Payment Code having some consequence last April, more contractors are taking it seriously. Balfour and Sisk the latest to demonstrate commitment to an improvement in payment of 95% of suppliers within 60 days. http://bit.ly/2StgT8W

12.01.2022 Payment has long been one of the most contentious issues in the Construction Industry. Has the Construction Act and its various amendments made any difference? http://bit.ly/2LLWFnI

11.01.2022 Taken directly from CBIs excellent industry report, Fine Margins (https://bit.ly/2Q7pfkI) A better approach to risk will raise the quality of the industry, supporting businesses large and small to thrive. A better approach to risk would pave the way for positive cashflow throughout the supply chain, enabling a swift reduction in the use of retentions and speeding up payment. ... Better cashflow will increase trust between firms, reducing the industrys dispute culture. In one paragraph, that sums up what our product, Payapps, was designed to solve. You can find out more here - https://bit.ly/2OxWVbh

11.01.2022 Back In 2015, Construction News conducted a survey to understand the current state of payment in the construction industry. 36% of respondents said their average wait for payment was more than 60 days after an invoice was raised. That statistic should be alarming enough, however, very worryingly, 85% admitted to occasionally paying more than 75 days after receiving an invoice.... A raft of measures have been attempted over the last 15 years, of which we cover here - http://bit.ly/2K5itIK But, maybe this is the turning point. In this latest bill, Lord Mendelsohn said: This bill will tackle the issues ones and for all with a package of measures that are operable, impactful and measurable." The bill proposes 30-day payment terms, mandating project bank accounts for all public sector work, penalties for late payment, better controls for debt recovery and increased reporting requirements from businesses. The bill has had its first step in the legal process. Do you think that this will get further?

10.01.2022 Leo Quinn, CEO of Balfour Beatty recently stated that the increase in insolvencies that we have seen of late could be avoided if contractors were burdened with less risk. This is a point thats echoed by Josh Hardie Deputy Director-General, CBI. Mr.Quinn goes on to say that; "Far too much risk is passed down to contractors. You can see that by the number of failures. The margins are still too tight... Construction News revealed earlier this month there have been 58 construction administrations in 2020 so far. More than 400 companies were involved in stages of liquidation since the start of the year, and there was a 56% monthly rise in the number of firms affected between January and February. The second month of the year saw 14 more firms entered into administration compared with the first. He added: I think the industry needs a higher level of profitability to sustain itself (and) it comes in managing risk. These companies who go bankrupt, they dont go bankrupt because their margins are low. Its because theyve taken on risk that they cant manage and control." One thing that weve learned through supplying payment software to construction businesses is that better visibility of your cash flow position is one of the best mitigators of risk. http://bit.ly/2veocZ5

08.01.2022 Continued from yesterday... Commenting at a Westminster Hall debate on retentions, construction minister Nadhim Zahawi said: Whilst most in the construction industry favor change, there is no consensus to a possible solution. I may be new to the job, but I have spent many more years being in business and an entrepreneur than I did being a member of parliament or a minister, and I can tell you, sometimes if you make the wrong decision you can end up with perverse incentives.... Its not just a ban on retention that the industry support, 60% of respondents of the 2017 retention consultation supported a retention deposit scheme, whereby retention money would be held in trust accounts, protecting subcontractors in case of insolvency of the main contractor. The battle against retentions has been raging for over 20 years - maybe its time that the industry stopped looking to legislation to solve the problem. Forward-thinking subcontractors know that fair payment is the cornerstone of a good business relationship. In light of industry-wide skill shortages, a new approach to retentions will help secure the best subcontractors at the best possible profit margin,

08.01.2022 Yesterday we discussed how Leo Quinn, CEO of contracting giant Balfour Beatty viewed the level of risk that contractors are forced to absorb, but he also went on to give his view on the future of the workforce, which he was pretty upbeat about. However, thats set against data from the CBI that states a third of the workforce are less than 15 years from retirement. What the construction needs is long-term certainty of a pipeline of projects, but its clear to see theres a po...tential warning on the horizon. Even if we get certainty of projects, theres a very real worry that there wont be the workforce to deliver the infrastructure everyone needs. To solve this we need to appeal to both ends of the spectrum of construction employment. On one end, convincing digitally proficient professionals that the construction industry is not all about manual labour, its about problem-solving and using digital tools to contribute to tangible projects that build a sense of legacy. On the other end, convincing young unemployed people to commit to apprenticeship programs secure in the knowledge that there is employment at the end of the term and a future for them within the industry. #skills #Construction

07.01.2022 Reading a recent article from David Greenwood at Pinsent Masons, I was really encouraged by his views on what digital construction means for payments. In his article, (http://bit.ly/3bxUb6S) David cites that the digital transformation of the UK construction industry is an opportunity to re-think poor payment practices. The evidence of the benefits of digital construction has been well proven and documented with the successful adoption of building information modeling (BIM). ...It also demonstrates the impact the government can have when it takes a clear stance on a direction. With an industry as fragmented as construction, collaboration is the only way forward. For collaboration to work, however, there seems to be clear, agreed and standardized processes. As David states; "Success will require an end to parties working in hierarchical silos, protecting their own interests and holding onto the money often at the expense of the other parties working on the project." "Harnessing the full benefits of digitalisation will require greater collaboration and integration amongst the project team so there is commonality of process, purpose and direction." This digital future is closer than you might think: http://bit.ly/2SS4tXc

07.01.2022 Blockchains potential in transforming payment processes is massive. Not just in transparency, the technology can drive greater clarity about roles and responsibilities during the construction process lead to better supply chain performance. http://bit.ly/2SeLdCE

07.01.2022 Taken directly from CBI's excellent industry report, 'Fine Margins' (https://bit.ly/2Q7pfkI) 'A better approach to risk will raise the quality of the industry, supporting businesses large and small to thrive. A better approach to risk would pave the way for positive cashflow throughout the supply chain, enabling a swift reduction in the use of retentions and speeding up payment. ... Better cashflow will increase trust between firms, reducing the industry’s dispute culture.' In one paragraph, that sums up what our product, Payapps, was designed to solve. You can find out more here - https://bit.ly/2OxWVbh

06.01.2022 In a new report; Fine Margins (https://bit.ly/2Q7pfkI) co-authored by the Confederation of British Industry (CBI) and Oxford Economics, it revealed that every 1 spent on UK construction adds nearly 3 of value to the economy. The construction sector already contributes 6% of the UKs GDP and directly employs millions of people, supporting millions more. The reality is that the construction business model is not fit for purpose. Many of its challenges are of the industry...s making. Adversarial behaviors built up over many decades by clients and contractors and problematic approaches to risk allocation and procurement resulting in missed opportunities to get things right the first time. In the report, it was mentioned that the CBI Construction Council has repeatedly drawn the link between improving the management of risk and improving payment practices. Industry and government rightly recognise the need for payment practices to continue to be addressed, and the government has recently introduced policy interventions to support SMEs across the industry. Its clear that these policies, however, have not worked, so now its time to stop attempting to fix a flawed process with legislation, but to prioritize improvements in the entire payment process. This is what Payapps was built to do.

06.01.2022 In 2019, 22 mid-size construction-related insolvencies were reported by Construction News, with a combined value of 1.2b. Thats a pretty shocking statistic. Whenever were faced with a pretty bleak picture like this, we tend to want to find a single understandable reason that we can pin the blame on. ... Oftentimes, that blame is pinned on the banks and the debt that many construction businesses carry. In this article - http://bit.ly/2UStAvt , Peter Johnson of Vilvalda Group, notes the following: Late payment is another contributing factor in the demise of many contractors. If everyone in the supply chain just paid on time, far fewer smaller businesses would go out of business. Call it tough love, but contractors and suppliers alike need to be more careful when it comes to (relying) on finance. Granted, every business needs external investment at times to facilitate growth. However, when we get to a point where we rely solely on these facilities, we risk the future of everything weve worked for. It seems simple in practice, but the reality of paying people on time means theres a need to create a far more suitable solution to manage the archaic, paper-driven payment process.

05.01.2022 In 2018, Build UK, the Civil Engineering Contractors Association, and the Construction Products Association called for retentions to be outlawed completely by 2025, urging the government to take legislative action. In parallel, The Department for Business, Energy and Industrial Strategy (BEIS) called for a industry consultation on retentions, whereby 55 responses from contractors, trade bodies, legal representatives and individuals working in the sector formed a consensus tha...t A ban on cash retentions was viewed as the solution most consistent with industry reform and would drive more sustainable business models. When Construction News contacted BEIS to ask how it will implement the findings of the consultation, a spokesman said: We are continuing to work with the sector to achieve some kind of consensus on how to solve the problem. So, despite what would seem like clear direction from the industry, construction minister Nadhim Zahawi last week commented that committing to a cash retentions solution would be premature". Tomorrow, we take a look into what steps we might be able to take to end the inaction on retentions. http://bit.ly/2TvVnPR

04.01.2022 In a new report; 'Fine Margins' (https://bit.ly/2Q7pfkI) co-authored by the Confederation of British Industry (CBI) and Oxford Economics, it revealed that every 1 spent on UK construction adds nearly 3 of value to the economy. The construction sector already contributes 6% of the UK’s GDP and directly employs millions of people, supporting millions more. The reality is that the construction business model is not fit for purpose. Many of its challenges are of the industry’...s making. Adversarial behaviors built up over many decades by clients and contractors and problematic approaches to risk allocation and procurement resulting in missed opportunities to get things right the first time. In the report, it was mentioned that the CBI Construction Council has repeatedly drawn the link between improving the management of risk and improving payment practices. Industry and government rightly recognise the need for payment practices to continue to be addressed, and the government has recently introduced policy interventions to support SMEs across the industry. It's clear that these policies, however, have not worked, so now it's time to stop attempting to fix a flawed process with legislation, but to prioritize improvements in the entire payment process. This is what Payapps was built to do.

04.01.2022 The construction market bounced back in 2019. Total construction output grew by 2.5%, data from the Office for National Statistics (ONS) has revealed, with new work accounting for the majority of this increase. In fact, these results put the construction industry as the fastest-growing sector in the UK economy. ... Gareth Belsham, director of Naismiths, commented that Growth of 0.5% over the quarter wouldnt normally set the world alight" but "its also a vindication for an industry that was buffeted more than any other by Brexit uncertainty." (source - http://bit.ly/2OVEIUK) That said, there is still an air of caution, particularly around Brexit and the December deadline for a deal with the EU to be done. Clive Docwra, managing director of McBains, stated that "Until the sector can see what the future entails with our nearest trading partner and key source of skilled labour, confidence and funding towards new projects is likely to be stymied. Around 7% of the workforce in the UK construction industry is comprised of EU nationals; thats more than the percentage of EU nationals working in all other industries in the UK. What do you think 2020 holds for the construction industry?

04.01.2022 Disrupt or be disrupted is an often-stated mantra from the tech industry, but what does it mean for the construction industry? Digital Construction is here and its here to stay. But being digital doesnt just relate to Building Information Modelling. We know the reasons that the construction industry needs to undergo a digital transformation; low margins, inefficiency, lack of consistency and an ageing workforce all conspire to paint a rather bleak picture of the indus...try, Rather worryingly, research carried out by JBKnowledge last year suggested that two-thirds of businesses in the construction sector were spending less than 1% of their budget on IT. On the flip-side, this represents an opportunity for construction businesses that are willing to differentiate themselves. In September last year, VolkerWessels UK appointed a Chief Digital Officer to help the business be at the forefront of the shifts in the construction industry. So far, big tech companies like Google, Amazon and Microsoft have stayed away from the construction space, but considering the importance that the built environment has for all of us, if the industry doesnt adopt digital technology more rapidly, the sector might become the next taxi industry, looking around wondering what just happened.

03.01.2022 The construction market is showing some glimmers of light, having fallen at its slowest rate since May 2019, new PMI survey data has revealed. The CIPS/IHS Markit index for January posted 48.4, up from 44.4 in December. The reading remains below the 50.0 threshold between expansion and contraction, but contraction is now slowing. Increased political certainty is playing its part, with industry confidence reaching a 21-month high. ... Additionally, Construction News report that debt is down across the board. Total debt held among the industrys top 100 contractors dropped by around 650m to 4.61bn. This slashing of debt was most pronounced among the sectors top 10, where the largest firms account for 80% of total borrowing across the CN100. Borrowing was also down among the industrys top 100 firms, falling 12.4%, compared to a 32% jump the previous year. Overall, this is painting a much more pleasant picture than what weve seen over previous months. Whats your perspective on the #construction industry? http://bit.ly/388Gpph

03.01.2022 How a supply chain ransom led to a major contractors failure. Clugston, the UK based contractor with an annual turnover of 175m went to the wall in December last year, with the administrators report citing supply chain ransom positions as a factor. This happened as a subcontractor on one of Clugstons jobs went bust, so suppliers sought to claim what was owed to them from Clugston directly and refused to work until they were paid. ... (Source - http://bit.ly/2wjyFTm) This demonstrates both the frailties of a supply chain and most critically, the outdated model by which the construction industry manages cashflow. This could have been avoided with early-warning of potential weaknesses in the supply chains cashflow position. If payment was a digital, and by extension, transparent process, it would have been simple to understand and predict where cashflow constraints are and take remedial action before yet another business is added to the list of 22 that failed last year, at the expense of hundreds of jobs. Surely, its time for a re-think of payment processes in construction?

02.01.2022 With the governments stated objective of increasing business with SMEs to 33% by 2020, the challenge was always going to paying these suppliers on time. At a recent roundtable, we explored the impact of these entrenched payment-related issues. http://bit.ly/2UjRIHg

01.01.2022 Another week, another insolvency citing contractual disputes as a contributing factor. Construction contracts need to be digitized and contractual performance linked to payment processes. When you systemize a process, you remove the ambiguity.... http://bit.ly/32h7FQi

01.01.2022 Paul Davies from Freshlight PR gave an interesting perspective as to what the construction industry could learn from the tech industry. His contention in this article - http://bit.ly/38OMNlY, is that whilst the tech industry has gone from being seen as quite a nerdy and niche space into one that is aspirational - the construction industry still conjures the wrong perception for many. Its an interesting comparison as there a many similarities between the industries. ... Many enter tech as they want to feel part of something significant and build solutions that users love. Whats more significant and transformative that creating a physical space where people can fulfill their potential? If you strip it back, thats not much difference between the industries at all. But why then, is there a skills crisis in construction and an aging workforce, yet you cant move for people wanting a career in tech? Perception, culture, working conditions? Maybe all three. Maybe the future is in digital construction, where technical minds can solve physical challenges. Innovation is happening in construction, just not at the rate that it is in tech. That said, here we look at 5 technical innovations that will transform the construction space. http://bit.ly/34EAi9y