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News
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DID YOU KNOW:
At $3.4
trillion annually, construction is the world’s largest manufacturing industry,
and an investment in commercial building is one of the world’s largest
investments. In the United States alone, the total cost of replacement of
developed real estate would exceed $21 trillion.
The industry
has languished in a low tech backwater, resistant to computer-based automation.
Garner, Stamford, Conn., a research firm, reports that average information
technology spending in highly efficient industries such as financial services is
$34,000 per employee, equivalent to 10% of revenue. In construction, IT spending
is only $835 per employee annually, a tiny 0.4% of revenue.
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ITO quality of service will help synchronize people,
technology, facilities, and knowledge as they work in harmony to deliver
value to the stakeholders.
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