In this report, we gathered 235 professionals who identified as working within the construction, building or architecture industry. Most of the respondents consisted of contractors (49%), construction managers (26%) and architects (9%). The majority of respondents (around 75%) either graduated college or held postgraduate degrees.
This research influenced Kreo's products and led us to write about how AI is positively impacting construction.
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74% of respondents say they work on more than 5 projects a year, with more than a third of these saying they work on 10 or more.
41% of respondents say they typically work on projects with a full BIM model, as opposed to architecture (34%), structural (22%), MEP (3%).
50% of construction project scheduling is done using Microsoft Excel. The fact that HALF of construction project scheduling is done using a tool totally unsuitable for the purpose is truly remarkable.
33% of respondents say they use BIM software for cost estimating, 27% use it for bill of quantities, whereas 40% say they use it for construction scheduling.
50% use BIM model to create a quantity take-off (compared to 24% who use specialised software, and 25% who use drawings.)
For almost 9 out of 10 typical construction projects it takes longer than 1 week to create a bill of quantities - with three quarters taking between 1 and 4 weeks.
For 7 out of 10 typical construction projects, bid preparation takes longer than 4 weeks. This illustrates the extent to which construction companies become immersed in the heavy lifting of bid preparation, making it difficult for them to adjust and refine models, timelines, cost estimates and quantities.
We asked what were the main challenges faced when running a tender, and allowed respondents to select up to three answers.
What are the main challenges faced by construction companies when participating in a tender?
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We wanted to find out how contractors and subcontractors are most commonly selected.
Over half of construction project stakeholders say time constraints are the greatest challenge they face in completing their work each day.