Innovations to Improve Risk Management in Construction

Does your company embrace technology to improve efficiency, safety, cost, and construction quality? If the answer is yes, then here are some innovations to keep an eye on this year.

Improving risk management with Predictive Analytics

The ability to manage risk often creates the difference between a successful construction firm and one that is struggling.

In 2017, Project IQ did a series of beta tests with industry-leading companies to examine how much they could help firms manage risk by making use of predictive analytics. Data from subcontractors, design plans, materials suppliers, and the build site are analysed to examine risk factors. Project IQ makes use of previous data and how contractors interact with the information before them to provide more precise and valuable risk assessments.

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Self-Build Zone are exhibiting at #HBRShow18 in London

Self-Build Zone, are excited to announce that they will once again be taking part in the Homebuilding & Renovating shows in 2018. Their next stop is at London ExCEL from the 21st-23rd of September.

HBR London

 The Homebuilding & Renovating Show is the biggest homebuilding and renovating event in the UK. The #HBRshow18 visits multiple locations across the UK ever year. If you are a self-builder, renovator, tradesman or an inspiration seeker, the Homebuilding & Renovating Show is a must.

The Homebuilding & Renovating Show offers a wide range of free talks including topics on self-build, renovating, innovative products, extensions, conversions and DIY projects. Self-Build Zone, working with HBR, have a Team of Experts from different areas for you to talk to ‘One to One’ including Surveyors, Inspectors and Fire Risk Assessment Surveyors to Claims to ‘All things Insurance’ relating to Site Insurance, Warranties and Indemnities.

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New Technologies in Construction: Wearables in Construction

Construction wearables are appearing more frequently on job sites. Some of them improve comfort while others heighten safety levels. Here is a sample of some of the top wearables in construction to watch for.

construction wearables laying on wood floor
Heated Jackets

While not a new concept, the technology behind heated jackets is improving. They have battery packs that can last at least eight hours and are much lighter, with most weighing no more than two pounds. Some companies are making them reflective for construction and other outdoor workers and even using rechargeable Lithium-Ion batteries. More jackets are offering heat settings to suit wearer comfort.

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What Are the Main Legal Issues Affecting UK Builders in 2018?

There are a number of legal issues affecting UK builders this year, some of them involving the law while others concern regulatory and planning matters. Below is a general overview of the leading issues and how the construction industry is affected by them.

construction insurance

Immigration

Post-Brexit immigration regulations could create a severe disruption in the British construction industry. For example, foreign-born workers accounted for 54% of London’s construction workforce in 2017. Employers and contractors should be concerned that many subcontractors hire European Economic Area workers for construction projects across the country, as these workers might not know that they need to apply for residency.

Regulatory

Unfortunately, the General Data Protection Regulation (GDPR) compliance did not stop on May 25, 2018, so efforts to comply with the new GDPR are necessary to avoid future legal issues.

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Construction output gets back on track with warmer weather

The UK construction industry enjoyed a stronger than anticipated recovery over the past few months.

construction site

The industry has definitely got passed an earlier slowdown and is now moving the Bank of England closer towards an interest rate increase.

According to a survey from the Chartered Institute of Procurement and Supply and IHS Markit in June 2018, the market experienced the largest upturn in construction material purchases in two and a half years

The purchasing manager’s index activity gauge- which the Bank closely surveys- reached 52.5 in May, up from 53.1 the month before and reaching the highest level in seven months, despite expectations that the reading would be static. Any PMI reading above 50 is a sign of economic growth.

The industry rebound suggests that much of the difficulties experienced by UK builders earlier this year can be attributed to the “beast from the east” and was not due to bigger problems in the construction trade.

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