A new industry survey of more than five hundred construction professionals nationally reveals that more than half in the last year have used new project management software.
The flip side of the survey, conducted by the Software Advice company, reveals that 47% of the small construction businesses questioned are still awaiting to use the new technology.
Despite that figure, an analysis of the survey asserts that construction companies that have embraced the new technology have generally found it to be the “most cost effective and efficient way” of performing core business functions.
That new technology is proving most applicable, according to the survey, in project management, job costing, and estimating functions.
In addition, the survey says that 53% of respondents are now using construction-specific software; followed by 48% who rely upon construction estimating software.
A smaller 32% say they are using online meeting software, with 20% using website software.
Business prospects for small construction companies appeared to play a minimal role in software purchase decisions, with 57% of companies anticipating a decrease in revenue for 2021 indicating that they have made such a purchase.
The figure was the same for businesses anticipating an increase in revenue this year.
Based in Austin, Software Advice provides research for construction companies, among other industries.
By Garry Boulard
