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1、QUARTERLY SECTOR UPDATE|Q4 2022E N G I N E E R I N G&C O N S T R U C T I O NPAGE|1E&C QUARTERLY SECTOR REVIEW|Q4 2022Construction Tech and the Future of Workers in the Industry“Across all the skilled trades,a shortage of tech-focused workers is emerging alongside advancements in digitization.Leading

2、 construction companies are quickly introducing new roles that emphasize the need for workers with a mix of computational knowledge,project management skills and real-world understanding of the needs,challenges and realities of the construction site.”“The adoption of building information management

3、and construction management software such as ProCore and AutoDesk has quickly become the standard for leading construction firms as it offers impressive benefits in the form of improved cost estimation,better project coordination and increased communication.”“Construction tech offers opportunities t

4、o shift labor-intensive jobs into digitally centered roles.Construction developers and GCs can benefit from adopting ready-made,vendor-supplied technologies as they become more valuable,user-friendly and industry-relevant.”ForbesLack of Construction Workers Threatens Infrastructure Efforts“Construct

5、ion firms are struggling to find workers to such a degree that its threatening the success of federal investment in infrastructure and manufacturing projects.”“Our projects encounter much longer hours worked than we would have in the past because we dont have people to relieve others,Simpkins said,d

6、escribing the domino effect of fewer breaks for workers due to fewer people being on each job.This year in particular was a real struggle to man all of our projects and do it in a way that keeps everybody safe.We havent seen any infrastructure projects be canceled,but we certainly have seen extended