The New Trends in Construction

The construction industry is an important part of the economy. It’s responsible for building many homes, businesses, and other buildings in society. The construction industry has grown steadily over recent years due to a growing population, leading to more demand for new housing and commercial space.

Construction is a very important industry, but it’s one that most people know little about. The construction industry builds roads, buildings, and bridges. People and businesses rely on the construction industry to build new structures, but it doesn’t just create buildings for others to use. The construction industry also helps people find new homes that fit their needs and budgets. Construction companies can make anything from small additions like a deck or porch to completely custom-built houses.

Construction companies are important to our economy. In addition to this, they’re also a driving force behind increased safety and quality in all structures we see. Without construction workers to build new buildings and houses, there would be no need for architects or engineers who design those structures. The construction industry has helped shape society as we know it today. After all, it is one of the biggest industries in the world. Without the construction industry, society will have no buildings and infrastructures that people go to every day. That’s why we have made this special edition of Construction Providers. The magazine includes some of the innovators and the views of top-level tech experts and business executives. We hope this edition adds value to your Construction initiatives.

Top 10 Construction Innovators 2022

Construction Industry is one of the cannonading industries of today that has a great impact on the economy of any nation. Any piece of infrastructure or real estate erected around us is undertaken by segments under Construction Industry. Construction is an important sector that contributes greatly to the economic growth of a nation. The Construction Industry is an investment-led sector where the government shows high interest. Government contracts with Construction Industry to develop infrastructure related to health, transport as well as the education sector. The Construction Industry is diversified. It involves numerous clients like property builders, property developers, material suppliers, and contractors. The Construction Industry brings cost-effective building solutions where all these clients play an active role to make the contract a success. Also, attractive construction of the infrastructure attracts many inward investors for business deals. Well-constructed infrastructure creates a healthy environment to work in, thereby increasing the productivity and flexibility of the labor force. The contribution of the construction industry to economic development and economic activities contributes a highly significant effect on the development of the country. The construction industry is also said to be an investment-led sector where government shows high interest.

However, with hundreds of different options in the marketplace, it can be overwhelming to figure out which system is the best. To make this process more streamlined, our team of researchers, analysts, and Editorial team has shortlisted a set of companies that stand out from the crowd. The companies included in the list offer some of the most innovative as well as exclusive solutions that could create an impact in the Construction sector.

1Build

Management: Dmitry Alexin
Designation: Founder & CEO
Headquarters: Mountain View, CA
Website: 1build.com

1build is an easy-to-use cost estimating platform that allows contractors
to bid with confidence by bringing real-time cost data, takeoffs and expert
estimators all in one place. As they are collecting thousands of data points
about construction projects in the US, their ultimate goal is to standardize
construction data and to codify building assembly and design as an explicit
algorithmic language. Over the last 9 months, they have grown 13x in revenue
and facilitated $1B+ in construction spend.

Briq

Management: Bassem Hamdy
Designation: Co-Founder & CEO
Headquarters: Santa Barbara, CA
Website: br.iq

Briq is a financial automation platform that enables construction companies
to be more efficient and profitable. Briq automates financial workflows by
connecting the people, processes, and systems that contractors use to run
their business. By empowering contractors to make better business decisions,
hundreds of companies rely on Briq to manage their budget, forecast, and
spend.

Clue Insights

Management: Oded Ran
Designation: Co-Founder & CEO
Headquarters: Los Angeles, CA
Website: getclue.com

With Clue’s innovative platform, the team envision increasing productivity in the
construction industry by delivering digitized operations, data-based analysis,
and AI-enabled telematics.

Contractor Compliance

Management: Mark Bania
Designation: CEO
Headquarters: Toronto, Canada
Website: contractorcompliance.com

Contractor Compliance is a cloud-based software that empowers organizations
to easily collect, track and manage third-party contractor and vendor
compliance requirements. Ditch your manual spreadsheets and access
contractor information instantly from any device, anywhere at any time.

Hyper Tunnel

Management: Mark Carne CBE
Designation: Chair
Headquarters: Basingstoke, Hampshire
Website: hypertunnel.co.uk

hyperTunnel is the next generation in tunnelling. Its team of engineers are
developing revolutionary infraTech using a unique combination of proven
technologies from diverse industries to redefine what’s possible in underground
construction. hyperTunnel’s technology will be faster, safer, more economical
and environmentally friendly than current techniques.

Mobilogix

Management: Mathi Gurusamy
Designation: President & CEO
Headquarters: Irvine, CA
Website: mobilogix.com

Based on the premise that precise data drives the best possible decision
making and, as a result, creates more successful businesses; Mobilogix designs
and develops the world’s best and most tightly integrated IoT hardware and
software solutions for savvy companies that are interested in being leaders in
their respective industries across the Internet of Things.

Moducore

Management: Jordie Puchinger
Designation: Director of Technology
Headquarters: Lethbridge, Alberta
Website: moducore.com

Moducore is the leading cloud-based technology provider for the offsite
manufacturing industry. Moducores technology is used by Offsite
Manufacturers and their stakeholders like their Architects and Engineers,
Real-estate Developers, General Contractors, Sub-Contractors, Vendors and
Government Agencies throughout North America.

Procore

Management: Tooey Courtemanche
Designation: CEO
Headquarters: Carpinteria, CA
Website: procore.com

Procore Technologies is an American construction management software as a
service company founded in 2002, with headquarters in Carpinteria, California

Sage Group

Management: Steve Hare
Designation: CEO
Headquarters: London, UK
Website: sage.com

The Sage Group Plc engages in the provision of business management solutions.
It offers accounting, enterprise resource planning and payroll software. It
operates through the following business segments: Northern Europe, Central
and Southern Europe, North America, and North America. The company was
founded by David Goldman, Paul Muller, and Graham Wylie in 1981 and is
headquartered in Newcastle-upon-Tyne, the United Kingdom.

Timesuite

Management: Eric Malouff
Designation: CEO
Headquarters: Highlands Ranch, CO
Website: timesuite.com

Timesuite’s relational architected product was developed to meet the need
for a well-done and comprehensive product that is easy to use (relational not
modular), automates the percentage of completion method of accounting,
creates an automated audit trail, and provides a dynamic setup. These concepts
distinguish TimeSuite.