There’s no doubt that one of the most important aspects of managing a construction project is being able to quickly and easily analyze your financials. There are a ton of moving parts on each project, from the estimate, to ordering materials and equipment, to billing, and having that information where and when you need it can make all the difference.

In 2015, Milwaukee Tool, the company famous for their large selection of red power tools, announced the release of ONE-KEY™, a web-based mobile tool management solution. While the systems 3 core pillars (Inventory Management, Tool Tracking, and Smart Tool Technology) remain unchanged today, the company has continued to develop and enhance the capabilities of the system in many different ways.

A picture is worth a thousand words, they say – but, when that same picture has a powerful artificial intelligence (AI) software behind it, it also yields millions of valuable data points. StructionSite, a 360 degree photo documentation software, has recently developed a product to automatically track progress made on your jobsite using only photos and AI.

There has been a lot of talk about the labor shortage facing the construction industry in the past few years, which makes it even more important for your company to properly manage the team members it currently has. Typically, workforce resource management is completed in spreadsheets -- if completed at all – many times leading to overworked or underworked staff.

It’s no secret that closeout is one of the worst parts of any construction project. As the job is nearing its end, there are still a ton of forms, as-builts, warranty documents, O&M manuals, and other paperwork that need to be collected and put into binders to hand over to the project owner – a process that can take hundreds of man-hours, in some cases. Nevertheless, closeout is a vital component to successfully turning over a project and ending on a good note.

One thing that many people don’t realize about the construction industry is the large amount of forms we have to fill out, such as inspections, daily logs, checklists, and meeting minutes. Traditionally, all of these forms would be filled out on paper, stored in a binder, scanned into a computer, and eventually sent to the office staff for further filing. These manual resources waste significant time and spend. Thankfully, that doesn’t have to be the case anymore, as companies like GoFormz are making the process digital.