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McKinsey Construction Trends



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McKinsey Construction Company is a building contractor that submits competitive bids for dwellings and other types of construction projects. They perform a variety of construction activities, but are primarily responsible for scheduling, planning, and supervision. They are very concerned about avoiding delays and following a PERT (Project Related Time and Cost) process to minimize the amount of time spent on each construction job.

Jan

Jan Mischke is a McKinsey Global institute (MGI) partner. This research arm focuses on economics and business. He leads work on infrastructure and construction, productivity, and competitiveness. He previously worked for McKinsey as a consultant. These global trends are his current focus. Learn more about Mischke and his work here. Here are some great resources and books about the topic.

Jose Luis Blanco

McKinsey's recent report revealed that technology could increase productivity up to 50 percent. The key to successful implementation is ensuring that data is transparent and that leadership commits to collaboration. McKinsey found that many construction firms are embracing technology. Companies are looking for new customers and finding better ways to complete their projects. McKinsey's research revealed that many companies have adopted new technology to increase productivity and reduce costs. Additionally, self-performing contractors reap the benefits of improved productivity and efficiency.

Jose is leading McKinsey's construction and engineering work in North America. He focuses on real estate and construction technology and advises capital project leaders across the lifecycle of a project. He worked previously for Europe's largest E&C group, where he managed hundreds of engineering teams to successfully complete complex projects. He has extensive experience in unlocking value through digital capabilities embedded and scaling new technologies.


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Embracing technology

Technology is changing everything about construction, engineering and communication. To communicate project details and progress to workers, earlier manual sketches and illustrations were used. The technology of today makes it easier for construction companies and workers to maintain constant communication. It allows for 3-D modeling projects and simulations of many aspects, including the cost.


To keep up with changing landscapes, more construction firms are adopting technology. Construction firms are facing new challenges due to clients' increasing awareness of rapidly changing markets. The future of infrastructure will be built on modularity and optimizing health, security, as well as energy parameters. New possibilities are emerging as technology becomes more affordable and more efficient. McKinsey’s construction technology landscape scan (CTP) is one example of this technology.

Deficiencies in labor

Recent data from the U.S. Bureau of Labor Statistics showed that construction workers are not in sufficient supply. The report shows that the hourly average wage for construction workers has increased by 2.6 percent compared to 2.1% for all U.S. workers. Several factors are to blame for the shortage, including the recession, which forced many workers to seek other occupations, and restrictive immigration laws, which have largely prevented undocumented immigrants from filling the gap. Another factor is the education system. As parents pushed their children toward university, they have been gradually eliminating vocational training.

McKinney's construction industry is not the only one affected by the shortage. It impacts almost every industry of the region. A lack of workers in construction means that there are fewer code officials and designers. Nearly 80% of American construction companies report that they have difficulty filling positions in salaried crafts, according to the 2020 Construction Outlook Survey by the Associated General Contractors of America. This problem is likely to increase as housing costs continue their rise.


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FAQ

How can I keep drones off my property?

Drones have become increasingly popular for home surveillance. But they also pose a security threat to privacy. If you want to avoid drone attacks, you should install motion sensors around your property and use them to detect any unauthorized flying objects.


Can I fly my drone around my neighborhood?

Yes! These are called UAVs, or unmanned aerial vehicles. There are many different types of drones that you can buy today, including small quadcopters as well as large fixed-wing aircraft. The FAA has recently issued new rules regarding the commercial use of UAVs, which means you can now legally fly them for business purposes. You should be aware, however, that UAVs flying near airports can cause interference with air traffic control systems. To operate one, you will need to obtain permission from the local authorities.


What are the rules of operation for drones?

The FAA will require you to register your drone. This registration involves information such as the weight, size, battery capability, and operating frequency. This registration process requires that you obtain an FAA identification code.


Where can a drone be purchased?

You can find many different types of drones online. Some prefer to buy their drones from Amazon, eBay, or Walmart. Others prefer to purchase drones directly through the manufacturers.



Statistics

  • According to industry research from ZipRecruiter , there are 10 cities where the typical salary for a Drone Pilot job is above the national average. (dronesgator.com)
  • According to the multiple listing service (MLS), houses and apartments with drone photographs are up to 68 percent more likely to sell than those without pictures. (thedroneu.com)
  • According to ZipRecruiter, the minimum hourly wage of drone pilots is $20. (thedroneu.com)



External Links

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How To

How to choose the best drone for photography

This article will explain how to select the best drone for you. We will explain what features you should be looking for when selecting a drone.

Let's first look at some tips for choosing the best drone for your personal use.

The first thing you want to consider before buying any type of product is its size. If you intend to take photos above ground, you'll find that a larger size camera is easier than one that's smaller. This is especially true when you're just starting out as a pilot. You don’t want to get into any trouble simply because you were afraid to go higher.

The second thing you need to consider is the image sensor's quality. The better quality of the images you are able to capture, the bigger the sensor.

A remote controller might be worth your consideration. A remote controller allows you to locate your drone in space and makes it easier for you to fly.

Finally, you'll want to consider whether you'd like to buy a fixed mount or a gimbal. A gimbal can be used to take stills and fly. It makes it easier to hold steady and gives you a wider range of movement. They do come at a higher price depending on the product you are after.




 



McKinsey Construction Trends