Construction Industry Trends 2021/2022
After a turbulent year of altering predictions and reevaluating expectations, 2021 and 2022 will be years of reinvention and development in the construction industry. Rising construction costs and labor shortages continue, driving the industry to innovate competitive new ideas, while tighter restrictions lead to a diminished amount of error and waste.
The COVID-19 pandemic has changed how the construction industry does business over the past year. Whether it's scheduling and closing projects to taking on workers to correspond with clients. Looking forward, many industry trends will be dictated by the fallout from the pandemic. New technology continues to shape the construction site. From increasing the scope to win projects to decreasing profit margins. Trends and movements are influencing the roles of industry professionals and frontline workers.
As the industry develops into being more competitive and the market alters, capitalizing on these construction trends will be essential for any construction firm. Read on for the up and coming construction industry trends for 2021 and 2022 to help you stay one step ahead of the competition.
Renters, buyers, and tenants of commercial buildings expect green construction to be the norm. Most eco-friendly and sustainable features remain a luxury despite the long-term benefits - though these trends will shift as Ecotech and sustainable construction gain wider acceptance over the next decade.
As a result of the COVID-19 pandemic, new regulations have been placed to increase emphasis on safety and cleanliness on construction sites. There is also the possibility of increased union influence, which could result in additional costs and time for projects.
There is also an increase in machines that can identify common safety threats and eliminate them one by one. In the near future, wearable innovations will emerge that will alert others in the case of a fall and connect to Wi-Fi. Using a headset can actually reduce noise pollution and keep workers tuned into their environments at the same time.
Blockchain technology provides a more secure and fast-moving workflow for construction firms, allowing both parties to take advantage of improved productivity.
Buying, tracking, and paying for services is made easier for all partners in a project by smart contracts.
Firms can use smart contacts as a single platform to organize contracts and track deliverables, setting rules and enforcing deadlines with the blockchain rather than relying on separate parties. Using this system will result in faster closeouts, improved security, better project tracking, and an automated supply chain.
The growing need for laborers/ temporary workers
Construction has seen an increase in labor demand over the past few years, which is one of the most noticeable trends. Quality labor can be expensive and competitive. Companies have successfully achieved their goals by working with staffing agencies to meet their labor demands. In addition, the industry is targeting Generation Z, born between 1995 and 2010.
Historically, negative perceptions of trade schools slowed down efforts to hire new talent in construction. As a result of COVID-19, attitudes toward alternative education have shifted toward a more positive outlook toward trade school, presenting construction firms with an opportunity to showcase the growth potential and technological opportunities available to them.
Our innovative approach to find talent and providing skill trade talent is catching the industry by storm. In the last quarter, we doubled our numbers of clients and we are almost 200% of billable hours through our innovative approach to recruiting talent.
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