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Virtual Construction - Part 1
We are at the age of Virtual Construction. If you are younger, you are not surprised. You suspected that computers were a "solution looking for a problem" for many years. Why shouldn't you have seen and believed this. Computers work at the speed of light. They can process billions of pieces of information and the cost of this is more reasonable than ever.
It is interesting to note that Virtual Construction marries one of the oldest businesses with one of the newest business trends. This marriage has the possibility to minimize life-long problems.
If you are older, you sense that the probability is there that technology could give contracting a real boost. However, you remember how poorly managed most technology companies were in the last two decades. They busted the most important rules of business and went away (bankruptcy). Also, "Ghostware" was an accurate term for promised new versions of software. The lack of software upgrades disappointed many contractors several times a year as promises remained unfilled. These are fair criticisms.
Just as significant were the poor financial management practices that technology companies exhibited.
Confidence in tech companies in and out of the construction industry has decreased not increased. Many contractors feel a "wait and see" attitude is appropriate.
For the more information, buy my book, Managing a Construction Firm on Just 24 Hours a Day (McGraw Hill, 2007, 406 pages). It is available at all major bookstores including ours.
It includes 170 best Practices Used in Construction Contracting with over 100 illustrations and examples. We include a CD of 60 Excel Templates when you buy a book bundle from our website. We also include our library of forms and 5 online courses.
Posted by Matt Stevens at March 10, 2008 12:36 PM