Construction Bookkeeping and Accounting: Expectation vs. Reality

whitePaper | July 27, 2022

SimScale and Digital Engineering conducted a readership survey to obtain a high-level view of how engineers are using both on-premises and cloud-based simulation software. The research found that respondents are using simulation across their design departments and throughout the design cycle on a frequent basis, and analyzing multiple physics.

whitePaper | June 19, 2022

The private rental market is playing an increasingly vital role in meeting the nation’s housing needs. Over four million households currently rent their homes, which is doublethe two million who rented at the turn of the century.1 In London alone, it is predicted that by 2025 just under 40% of households in the capital will be renting.2 The Montague Report, which was published by the Government in 2012, considered how to encourage investment into the private rented sector, and recognised the opportunity for the rental market to accelerate the delivery of homes, whilst setting the standards for accommodation, and seeking to attract institutional investment into the market.

whitePaper | June 29, 2021

The paper invites governments, industry, academia and civil society to drive collective action through the newly launched Global Coalition for Digital Safety.

whitePaper | May 24, 2022

The pace and degree of digital transformation has accelerated in the past year as businesses were forced to devise newer strategies to ensure business continuity while minimizing the negative impact of the pandemic. Enterprises that had made significant investments in digital technologies were better poised to face the unexpected and rapid changes in business scenarios, whereas those with low digital maturity had to spend a significant part of the early days of the pandemic in transforming their operations to suit the new normal. External factors such as customer needs and requirements, quality, reduction of production and control costs, environmental impact of products, etc., are pushing enterprises to re-evaluate their business strategies. They are continuously striving to find the right balance of increasing the margins of legacy products and to generate revenue growth through investments made towards digital innovation, new products, and services.

whitePaper | May 31, 2021

he digital planning, which can now be found in architecture and design offices, at general contractors or via prefabrication, bricklaying robots and GPS-based excavators already on the building site, is characterized by Building Information Modeling (BIM). Yet, BIM is only really an efficient and commercial option if it is paired with the integrated working method.

whitePaper | September 19, 2022

Building Information Modeling, or BIM, is first and foremost a centralized, collaborative process where project stakeholders work together and share information. This allows for better organization of design and construction, with professionals from various disciplines contributing to the process. Naturally, this goes beyond simply sharing a 3D model, as each model contains data that will be useful throughout the project life cycle. Historically however, construction professionals worked in isolation, as the means of communication and technology weren’t as evolved as they are today. Sometimes, for instance, important information on 2D drawings would get lost. Consequently, the design phase was often plagued with fragmented deliverables, miscommunication and limited visualization, which often required rework.