It is exciting to enter 2020 with a forecast and economy that look very positive for the next 12 months. Some economists are expecting this path of growth to continue into 2021. As we move into the new year it is always important to look back and explore opportunities that come from wins and mistakes over the course of the last year. This involves looking at the positive to see if improvement can be made and creating a best practice for the future. Negative outcomes must also be reviewed to understand their source, so we can eliminate these types of occurrences from our standard operating procedures.
The industry is changing rapidly, and technology is playing a major role in the fast pace of change. Currently, there are over 2500 apps that are available for our industry. When you take this into consideration it becomes very important, those smart choices are made before changes are incorporated into our companies. So much of this technology has the overall potential to improve productivity in all phases of the contracting and service business. However, this will not overcome the need for attracting new people into the industry and filling the leadership gap to train and lead this new generation of workers.
Our focus for the future needs to look at innovative ways to improve productivity in all phases of the business. Improvement must start with the design and the preselection of teams that can work together to create an architecture that will incorporate systems that can use technology to simplify the installation. This approach will improve productivity and reduce the number of tradesmen needed on the project. The construction group should not only include; architect, engineer, general and specialty contractors, but also manufacturing and distribution. This would replace the age-old approach of designing a building that incorporates all the owner's wish list but often far exceeds their budget. So, back to the drawing table to cut and value engineer the project to reduce its costs. This usually results in multiple budgets that end up compromising the original expectations the owner had for their building.
As things change, we must focus our attention on creating a new approach to the contracting process. Leadership needs to develop a strategy with its partners to create pioneering changes that can be used to test drive the new model. Working on independent solutions without the consideration of the entire construction team sometimes create hurdles that lead to failures, hurting the original intent. We need to have a sense of urgency to improve our approach to building and maintaining a product that is environmentally friendly and sustainable. Additionally, any new paths should incorporate productivity improvements. Especially when you consider there have been no significant changes over the last 20 years. We have the resources all we need is the commitment to make the necessary changes to improve.