Finalcad : Lack of Collaboration Attributed to 62% Construction Project Delay

Date : 06-May-2020
Location: Singapore

Key Takeaways:
  • Finalcad, a leading software provider to the construction sector, released the results of a survey of 400 construction leaders in France, Spain, Singapore and Japan, exploring digital transformation in the industry.
  • The research finds the typical profit margin on a construction project averages only 2 percent across the four regions. It also reveals that a lack of digital transformation has left many companies reliant on manual and paper-based workflows;this comes at a time when the slowdown from the impact of the Covid-19 global pandemic is showing how important it is to digitalise operations and support remote working.
  • Finalcad is a collaboration platform designed to optimise the field experience for workers in the construction industry, including the building, infrastructure, and energy sectors
  • Finalcad enables companies to carry out existing processes more efficiently and safely by digitalising their workflows; it captures data from across the whole site, facility or asset, arming all stakeholders – from the field worker, to the sub-contractor, main contractor and client – with the data they need to drive accurate decision making.
  • Finalcad is offering free module on new safety procedures for Covid-19 compliance for sites reopening.

  • Frank Le Tendre, CEO, Finalcad,said, the construction industry is bogged down with manual inefficient processes and thin profit margin. Digitisation is key to gain back on track, those who have digitised will be able to act quickly to get back to business as usual.
  • Not digitalising is significantly damaging companies’ ability to collaborate and having a direct impact on the bottom line, with 62% of respondents saying that a lack of collaboration is the single biggest cause of construction project delays.
  • The survey also investigates how universal tasks such as defect management and health and safety inspections are carried out. The findings show companies have several different methods and channels in place; more than half (51%) are using a combination of in-person, telephone, email, and/or paper to inform the person responsible for repairs during the quality process of the next action.
  • Worryingly, 53% are using unreliable text/SMS or instant messaging (e.g. WhatsApp) to document a safety incident or hazard.
  • The construction industry is affected by COVID-19 pandemic, nonetheless, there are rooms for long term growth - the United Nations predicts two-thirds of the world’s inhabitants will be living in cities by 2050, and the smart city trend is also building up fast.
  • The Finalcad 2020 Leaders Survey: Exploring Digital Transformation in Global Construction is the first of a two-part series exploring digitalisation in construction; the second report will be published in Autumn 2020. To view the full results and download the report.
Best Practices:
  • Leverage on a centralised digital process enables continuous improvement and makes it far easier to proactively record extra work, as well as creating repeatable models.
Editor's Comments:
  • Construction industry is one where digital transformation will take longer time due to key few factors, chief among them are : thin profit margin, and mindset of the engineers & project managers.
  • Engineers and project managers must undergo mindset change to embrace the transformation.
  • The hesitation to adopt fully centralized digital system for workflow data capturing is partly due the availability of cheaper siloed software tools such as MS Excel, MS Project, Whatsapp etc
  • One way to encourage adoption is to enable integrations with siloed software tools and other platforms.