Building Information Modeling

The current pandemic may have led the construction companies into challenging timesdue to a disruption in the supply chain and shortage in manpower. But not all hope is lost. Construction companies are  turning to technology  to help them get back on track, control costs, and work more efficiently. In that vein, they are increasingly adopting a promising way of construction called modular construction. Once heralded as the next big thing in the construction industry  along with 3-D printing , companies use modular construction to build certain pre-fabricated units offsite and then fit it with onsite structures. One can think of it as Lego blocks that are stacked one above the other to create a structure. Hopes from the technique are high. In fact, McKinsey predicts modular construction to be a  $130 billion  market by 2030. Modular construction offers various  benefits : It can accelerate the speed of construction by 50% It can lead to 20% cost savings It c...

Besides real estate, tourism, hospitality, and retail, another industry that has been suffering from the brunt of COVID-19 lockdowns is construction and development. Ongoing projects were stalled due to the nationwide lockdown. As the situation developed, many workers returned to their hometowns as they feared for their safety and livelihood. As lockdowns lift slowly, the ramifications are still becoming clear. By some estimates,  12.2 crores  people may have lost their jobs, a huge section of which hail from the construction sector, one of the biggest job creators in the market.  The good news is, the lockdown is being lifted in many parts of the country in a phased manner. With stimulus packages announced and government spending ramping up, economic activity will also look to kick on. The hope is that the industry will regain its workforce and informal labour. According to a report by the  Economic Times , 70% of highway projects have already been resumed in Delhi,...

  The year 2020 has ushered in the times of unpredictability and is anticipated to cause a long-lasting impact on the world economy. COVID-19 has created a situation wherethe demand is for India to be self-reliant in every way with the extensive support of science and technology. For sectors in India such as construction, there couldn’t be a better time to revamp the processes and fine-tune technology adoption as the projects reopen gradually. Prime Minister Narendra Modi has recommended self-reliance as the way forward and suggested five pillars of self-reliance. These were economy, infrastructure, technology-driven systems, vibrant demography, and demand. Of those, at least two, infrastructure and technology-driven systems, go hand in hand. Let’s see how this match is necessary now. INDIA’S CONSTRUCTION INDUSTRY: A RECAP Earlier this year, at the Construction Technology Conference in India, the Prime Minister had stated that the year 2020 was going to be all about construction an...