BEC / January / 2014 - page 34

fore IPD (integrated project
delivery), the construction in-
dustry lagged behind the rest
and decreased in productivity
every year since 1964 through
2004, and held an 80% pro-
duction ratio, whereas other
industries exceeded to up to
200%. (Paul Teicholz, Ph.D.
Professor (Research) Emeri-
tus, Dept. of Civil and En-
vironmental
Engineering,
Stanford University.)
Stanford University docu-
ments productivity in the form
of monetary value for con-
struction and design compa-
nies’ operations. The research
concludes that there is a $3
million cost reduction for gen-
eral contractors, and a roaring
$300, 000.00 of savings for
design companies. Statistics
conclude that through the use
of BIM (building information
modeling) and collaboration
technology there has been a
dramatic increase in produc-
tivity within the AEC field of
up to 20%. (User Maturity and
Benefits Achieved Through
the Use of SMART Board Col-
laboration Technology in Col-
laboration Sessions, Goldar-
cena, J., and J. Kunz, 05/2013.)
With new innovations and
a change in the way people
within the construction in-
dustry interact and communi-
cate, the currently unrealized
reduction of costs, shortened
project schedules and maxi-
mized efficiencies will surely
be welcomed by everyone.
34
business elite canada
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JANUARY 2014
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