Noah Matthews and Zachary B. Stewart | Build Smart By now, you’ve likely seen news discussing how artificial intelligence (AI) is set to change the construction industry (and every other industry, for that matter). Typically, this discussion centers on improving business efficiency and cost savings. Many construction companies are predictably using AI to assist with… Continue reading Will Artificial Intelligence Increase the Prices of Construction Materials, Equipment, and Labor?
Tag: construction
Navigating the AI Revolution: Duty of Care in Modern Design
Kevin Watson | Clark Hill Construction professionals, like physicians, attorneys, and CPAs, are being pressed to adopt state-of-the-art tools offered by the burgeoning artificial intelligence industry. For those old enough to remember, state-of-the-art tools for architects and engineers evolved from hand calculations and calculators in the ’60s, to “Fortran + STRUDL” structural design “punch card”… Continue reading Navigating the AI Revolution: Duty of Care in Modern Design
Government Shutdowns: How Contractors Can Recover Costs and Seek Time Extensions
Aron C. Beezley and Nathaniel J. Greeson | BuildSmart With the possibility of a government shutdown looming, federal contractors are rightfully concerned about how such an event could affect their contracts. Work stoppages, closed government facilities, and furloughed contracting officers can all disrupt contract performance. Fortunately, contractors may have legal avenues to recover certain costs… Continue reading Government Shutdowns: How Contractors Can Recover Costs and Seek Time Extensions
Well-Insulated: Predict the Unpredictable Construction Costs
Jill Masur | Construction Executive Contractors may need to revisit some of the processes in their accounting and financial operations. Here are six strategies for construction companies to insulate against cost increases and mitigate financial risks. It’s clear that, at least for the next year or more, the construction industry can expect unpredictable cost variations.… Continue reading Well-Insulated: Predict the Unpredictable Construction Costs
The Difference Between Seasonal Adverse Weather and Unusually Severe Weather (and How Contractors Can Protect Against Both)
Matthew DeVries | Best Practices Construction Law Picture this: A contractor is nearly finished with a major dam stabilization project, but a series of Owner-directed changes pushes the last phase of the work into late fall and early winter. Instead of working through the relatively dry conditions expected in the original schedule, the contractor is… Continue reading The Difference Between Seasonal Adverse Weather and Unusually Severe Weather (and How Contractors Can Protect Against Both)