When construction teams can see more – they save more.
Consider this:
- 5% of all construction industry spending is driven by bad data
- $177 billion a year is wasted due to schedule overruns
- Rework consumes an average of 12% of project costs
What’s at the heart of these issues? A lack of visibility.
But that means that for owners, general contractors and developers, there’s a huge opportunity for saving time and money.
A study revealed that one of the primary reasons for a project delay was “the separation of people by organizational boundaries.” The study, by the Construction Employee Association, revealed that things can “get lost in translation” – impacting coordination.
“The cameras really facilitate a lot of collaboration that you couldn’t have had otherwise. When you talk about managing a project, cameras are the kinds of things that are worth the cost.” said Mayor Roger Vance, who oversaw a significant redevelopment of the Town of Hillsboro in Virginia.
They’re not the only ones who have seen how the power of visibility can pay-off.
As Schimenti Construction explains, construction cameras offer a solution to so many common issues. “Cameras are a worthwhile investment, especially with project teams more widespread than ever. They help cut travel expenses, provide 24/7 visibility, and maintain healthy client-contractor relationships.”
With more than $500 million in development at any given time, Peachtree Hotel Group added examples of how having an OxBlue camera led to cost savings.
“The cameras help protect us from fraudulent claims but it also brings our insurance premiums down for having site monitoring. There’s always emails flying around and comments due to the clear visibility provided.” said development manager Ankit Patel.
Despite being of different industries, the same was true for Schimenti, PHG and multiple other clients that used OxBlue. From hospitals to warehouses, teams working in the construction industry have used cameras to find turning points that ultimately leads to budget savings, reduced risks and stronger project outcomes.
“The cost of not having visibility far outweighs the cost of a camera, no matter which way you put it. The camera can pay for itself in so many ways,” explained Rich George, OxBlue’s Chief of Operations. “The number one question we get is, what can I expect out of my investment in a camera? The rich information, real-time access and automatic documentation — it’s truly invaluable.”
In this in-depth webinar, Rich explains how to calculate the costs and potential returns for a construction camera. From discussing the differences of value in types of hardware to explaining different purchasing options, teams looking for a construction camera can learn what to expect when they take the next step.
Watch the Webinar >>>
