Dodge Construction Network partners with construction tech company, Versatile®, to empower general contractors through its Measuring What Matters series of jobsite reports
HAMILTON, NJ – Jan. 11, 2022 – A new study by Dodge Construction Network and Versatile, a construction technology pioneer using artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes, found that unexpected overtime is predictable and controllable through regular job site activity measurement. According to the study, overtime is predictable at an 88% confidence level, if proper measurement is utilized.
Overtime is a persistent feature of construction sites, however it is often unplanned and unpredictable. Despite the cost of overtime, its impact on skilled workers, and its implications for safety and other key factors on a project site, it is often applied to address immediate concerns rather than planned to maximize its effects. This recent study shows that in order to best understand overtime and its impact, data and measurement of jobsite activities is key.
“Unique insights derived from advanced data and analytics tools will empower construction crews to build better,” said Meirav Oren, cofounder and CEO of Versatile. “Overtime can be a very effective tool on the jobsite. Through the power of data, general contractors gain the ability to minimize unnecessary overtime while maximizing its strategic benefits.”
To conduct the study, jobsite productivity and performance data was collected through Versatile’s AI- and IoT-powered CraneView®, a non-intrusive device mounted below the crane hook. Versatile analyzed data from a sample of project sites that deployed overtime to provide valuable insight into how measuring overtime can help improve productivity.
Key findings from the study include:
● 71% of crane processes during overtime are indirect activities to the actual project build.
● 96% of days with overtime experienced a higher volume of non-productive activities during the morning hours compared to the volume of total activities during overtime.
● Crane utilization was 6-7% better during overtime than for the same activities performed during standard shift.
● Overtime is strongly correlated to unscheduled breaks, with 63% of unscheduled breaks happening during the morning hours, or first part of the shift.
“The goal of this report is to encourage conscious, intentional measurement of site activities and objective analysis to determine true best practices. This approach can help every kind of contractor with useful, actionable perspectives based on facts, rather than commonly held myths,” states Steve Jones, Senior Director of Industry Insights Research at Dodge Data & Analytics.
This initial study, Measuring What Matters: Overtime Efficiency, , kicks off the companies’ co-authored series of reports on utilizing data and measurement on construction sites. Dodge and Versatile will analyze jobsite data to find other ways for contractors to improve productivity, safety and overall performance on projects, with more research expected in 2022.
The full findings of the study are available for free download here.
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Headquartered in Los Altos, CA, Versatile creates technology that gives construction professionals unmatched visibility into their production rates. By delivering the right data to the right people at the right time while naturally fitting existing processes, a fragmented industry becomes a controllable manufacturing process. The result? Increased productivity, predictability and safety with the insights needed to manage and bid future projects more competitively. Want to learn more? Visit: www.versatile.ai, follow us on Twitter @versatileai and LinkedIn or email us at email@example.com.
Dodge Construction Network leverages an unmatched offering of data, analytics, and industry-spanning relationships to generate the most powerful source of information, knowledge, insights, and connections in the commercial construction industry.
The company powers four longstanding and trusted industry solutions—Dodge Data & Analytics, The Blue Book Network, Sweets, and IMS—to connect the dots across the entire commercial construction ecosystem.
Together, these solutions provide clear and actionable opportunities for both small teams and enterprise firms. Purpose-built to streamline the complicated, Dodge Construction Network ensures that construction professionals have the information they need to build successful businesses and thriving communities. With over a century of industry experience, Dodge Construction Network is the catalyst for modern commercial construction. To learn more, visit construction.com
Cailey Henderson | 104 West Partners | firstname.lastname@example.org
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