Another Role for Construction Cranes: Economic Indicator

The New York Times | March 19, 2019

To determine the health of the economy, you could scrutinize the minutes of Federal Reserve meetings, pore over the latest economic data and scour trade publications. Or you could simply look up.
The towering cranes that rise above development sites can be a useful financial indicator, like consumer confidence polls or housing starts, according to Rider Levett Bucknall, a construction consulting firm that uses the equipment as the basis for its RLB Crane Index.
The index, a tally of cranes in 13 major North American cities, provides a snapshot of economic sentiment, said Julian Anderson, a president of the firm’s North American region. It was created in 2015 as a tool for clients, who use it to assess hiring trends and activity in urban markets, he said.

Spotlight

Robotic Process Automation (RPA) is emerging as a cost-effective technique to get work done in financial service institutions. As RPA software bots automate high-volume, repeatable tasks within existing processes, they free efforts and enable attention to higher-value interactions that build relationships and trust while expanding revenue opportunities.

Spotlight

Robotic Process Automation (RPA) is emerging as a cost-effective technique to get work done in financial service institutions. As RPA software bots automate high-volume, repeatable tasks within existing processes, they free efforts and enable attention to higher-value interactions that build relationships and trust while expanding revenue opportunities.

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PERSPECTIVES,ENGINEERING TECH,CONSTRUCTION

BZI Steel Integrates Procore’s Construction Management Suite to Manage Projects

Procore | January 25, 2023

Leading steel fabricator and construction contractor, BZI Steel, will use Procore Technologies’ construction management platform for its construction projects, the company announced yesterday. BZI Steel is revolutionizing the steel industry by offering one-of-a-kind steel fabrication and erection, with wall system processes and technology to construct projects for some of leading industrial, distribution and retail clients. BZI Steel and Procure have been collaborating since last year, and this development extends the mutual goal of innovating the construction industry. Procore’s industry-leading, all-in-one construction management platform aims to impact and optimize construction outcomes, while minimizing risks and protecting profits. BZI’s integration with Procore’s platform creates a perfect synergy as it assists owners, specialty contractors and general contractors at every stage of the project from start to end, ensuring jobsite safety, while increasing the overall efficiency. James Barlow, CEO of BZI Steel, said, "BZI Steel and Procore are construction technology industry vanguards, and our relationship goes much further than just being a customer. Our team has closely collaborated with Procore over the last year to quickly adopt their latest construction management software and provide product feedback to their team, which was warmly welcomed." (Source – Business Wire) Will Lehrmann, Head of Product for Specialty Contractors at Procore, said, "At Procore and BZI, our cultures and commitment to customers are very much aligned. Both our teams are committed to improving the lives of everybody in the construction trades through technology and innovation." He further added, "This partnership demonstrates our investment in the specialty contractor market, and we are excited to continue collaborating in years to come." (Source – Business Wire) About Procore Technologies, Inc. Procore Technologies, Inc., is a cloud-based construction management solution provider. . The company’s project management tools help its users, owners, general contractors, and specialty contractors manage construction projects at every stage. It’s platform reduces the complex paper-based documentation process, email communication, and spreadsheets for construction projects by mobilizing and streamlining the process with a powerful collaborative solution. In addition, it provides real-time data management, reducing delays and risks to increase business profits. It also provides tools to measure the project's progress, reach unlimited clients, customize data, and build applications with its developer toolkit.

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ENGINEERING TECH

Dassault Systèmes and Samsung Heavy Industries Cooperate to Establish a Smart Digital Shipyard

DASSAULT SYSTEMES | November 29, 2022

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) (Paris:DSY) today announced the signature of a Memorandum of Understanding with Samsung Heavy Industries, a global leader in the high-tech shipbuilding sector, to create a “smart yard” based on new digital transformation technology with the aim to establish a fully digital shipyard and a competitive edge. The smart yard is designed to optimize the shipyard operations’ scheduling and execution as well as streamline and automate the flow of information required for construction, to accelerate production and assembly operations. Samsung Heavy Industries can better meet the booming demand for liquefied natural gas carriers by improving its capacity to produce them and shortening their delivery time. By introducing model-based systems engineering, Samsung Heavy Industries can design more sophisticated and sustainable vessels requiring more automation, new systems and propulsions, and higher safety and control. MBSE, which is already a standard product development method in the transportation and mobility, aerospace, and high-tech industries, will enable Samsung Heavy Industries to strengthen its competitiveness in the ship development process and accelerate this process thanks to full traceability from concept to production. “Automation systems are proven to greatly affect business efficiency across all industries. A smart yard in the shipbuilding industry will also help reduce construction costs and improve the quality of ships, We plan to accelerate innovation in shipbuilding.” -Jung Nam Lee, DT Director, Samsung Heavy Industries. The cooperation with the Smart SHI team of Samsung Heavy Industries will allow Dassault Systèmes to organize a consultative group for digital transformation to define and validate new processes and tools required to achieve the smart yard. This will involve Dassault Systèmes’ core technologies and experts from its local office and global headquarters. Dassault Systèmes’ 3DEXPERIENCE platform-based smart yard will support a unique digital thread integrating various data sources and real-time operations information. Connecting the virtual twins of ships and the virtual twin of the shipyard, automating and standardizing business processes with artificial intelligence, and optimizing planning and operations within the shipyard and with the supply chain will enable smart innovations for both production methods and production execution. “It is essential for Korea’s shipbuilding to accelerate its transformation with new and advanced technologies that allow it to keep its leadership in productivity and quality for complex vessels, and we are proud to support SHI in this journey, Through our cooperation with Samsung Heavy Industries, we’re given an opportunity to introduce and implement our outstanding marine industry solution experiences, and achieve a new paradigm in the shipbuilding industry in Korea.” -François-Xavier Dumez, Vice President, Marine & Offshore Industry, Dassault Systèmes. ABOUT DASSAULT SYSTÈMES: Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries.

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ENGINEERING TECH,CONSTRUCTION

Microdesk Extends Sustainability Capabilities with One Click LCA Partnership

Microdesk | January 20, 2023

On January 19, 2023, Microdesk, a leading BIM, Enterprise Asset Management (EAM) and Virtual Design & Construction (VDC) services provider, announced a new collaboration with One Click LCA, the global leader in construction Life Cycle Assessment (LCA), and Environmental Product Declaration (EPD) software. Building LCA is a scientific methodology for quantifying a building's lifetime environmental impacts, and One Click LCA makes the assessment simple as the science is built into the tool. One Click LCA assists in measuring and reducing the ecological consequences of buildings, achieving green building certifications, and complying with legislations that are now required in many countries. Michael DeLacey, Chief Executive Officer at Microdesk, commented, "Joining forces with One Click LCA gives Microdesk a tremendous opportunity to help our clients achieve and accelerate their goals to decarbonize the AEC industry and support sustainability." He also added, "We are committed to providing the most effective and innovative technologies and tools and One Click LCA delivers that with software that adds value to all facets of planning and building while supporting the environment in a meaningful way." (Source – PR Newswire) The environmental goals the construction industry strives to achieve extend to the products used in construction of the projects as well. As a result, manufacturers are responding to the growing demand for Environmental Product Declarations (EPD) in order to reliably quantify and convey the lifetime environmental effect of their products. The LCA and EPD solution from One Click LCA provides manufacturers with an easy way to deliver third-party validated EPDs based on US and international standards. About Microdesk Headquartered in Nashua, New Hampshire, Microdesk is a leading BIM, Enterprise Asset Management (EAM) and Virtual Design & Construction (VDC) services provider. It was founded in 1994 as an Autodesk Reseller with a mission to help Architecture, Engineering, Construction, Owner/Operators, and GIS organizations improve workflows and integrate project delivery technologies. The company has over 30 years of experience adopting innovative technologies and processes, as well as sustainable design and building initiatives. Its increased emphasis on digital transformation is another indication of the company's tradition of introducing new tools to the AEC industry in order to boost sustainability, efficiency and the ability to respond to macroeconomic changes.

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