In this first article of our digitalization of real estate and construction series, we discuss some of the key technology trends and the common issues associated with their adoption.
The construction industry is undergoing a significant transformation driven by the adoption of advanced technologies. These innovations are reshaping the way construction projects are planned, executed, and managed, leading to improved efficiency, safety, and sustainability. However, the integration of these technologies also brings about various legal challenges that need to be addressed. In this article, we will explore some of the key technology trends in the construction industry and the common legal issues associated with their adoption.
Technology trends in the construction industry
- Drones: Drones are utilized for aerial views, surveying, mapping, traffic study analysis, and site inspection.
- Augmented Reality (AR) and Virtual Reality (VR): AR and VR technologies are being used for design visualization, training, and virtual walkthroughs of construction projects.
- Prefabrication and modular construction: Prefabrication and modular construction are reshaping the construction industry by shifting much of the building process from traditional on-site projects to off-site, factory-based methods
- Building Information Modeling (BIM): BIM facilitates better decision-making throughout the building's lifecycle, from conception to completion, by providing a platform for information sharing and collaboration.
- Internet of Things (IoT): IoT devices are being integrated into construction sites to monitor equipment, track materials, and ensure worker safety.
- Digital Documentation: Digital signatures and the digitalization of permits are revolutionizing the construction industry by streamlining processes and enhancing security.
Abigail Nerizza Co, Lead Knowledge Lawyer, and Alex Gong, Partner at Baker McKenzie FenXun,* co-authored this legal update.
* Baker & McKenzie FenXun (FTZ) Joint Operation Office is a joint operation between Baker & McKenzie LLP, an Illinois limited liability partnership, and FenXun Partners, a Chinese law firm. The Joint Operation has been approved by the Shanghai Justice Bureau.